ROUND ROCK, TX – November 21, 2023 – AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Company”), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility and last-mile delivery, announces that the Company is now registered on Transport Canada’s Appendix G Pre-clearance Program as a foreign manufacturer of new Canadian specification low-speed vehicles.

As a result, it is now easier for Canadian commercial importers to import new Canadian-compliant AYRO vehicles into Canada. The first of these vehicles, the AYRO Vanish LSEV (the “Vanish”), entered into low-rate initial production earlier this year after completing all applicable homologation requirements in the United States and Canada, as well as passing California Air Resources Board confirmatory testing.

“This approval paves the way for Canadian dealerships to more easily import the Vanish,” said Kyle Mazanti, vice president of business development. “AYRO already has begun shipping U.S. orders for the Vanish, our utility LSEV with adaptable bed configurations that meet myriad needs for fleet, commercial and personal use.”

Earlier this year, Masters Golf and Utility Vehicles, a regional dealer and fleet solutions provider located in Ontario, Canada, became one of the first channel partners to order the Vanish.

“We believe sustainable e-delivery solutions should empower companies to extend their brand’s reach, in campus mobility, last-mile delivery, and micro distribution,” said Tom Wittenschlaeger, CEO of AYRO. “Transport Canada’s approval allows us to further our reach and expand low-speed electric fleet usage throughout North America.”

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

Forward Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements and include the development and launch of the AYRO Vanish. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO’s success depends on its ability to complete the development of and successfully introduce new products; AYRO may experience delays in the development and introduction of new products; the ability of AYRO’s suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the market for AYRO’s products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO’s limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for AYRO’s electric vehicles; the markets in which AYRO operates are highly competitive, and AYRO may not be successful in competing in these industries; AYRO may become subject to product liability claims, which could harm AYRO’s financial condition and liquidity if AYRO is not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, chipsets and displays, could harm AYRO’s business; AYRO may be required to raise additional capital to fund its operations, and such capital raising may be costly or difficult to obtain and could dilute AYRO stockholders’ ownership interests, and AYRO’s long term capital requirements are subject to numerous risks; AYRO may fail to comply with evolving environmental and safety laws and regulations; and AYRO is subject to governmental export and import controls that could impair AYRO’s ability to compete in international market due to licensing requirements and subject AYRO to liability if AYRO is not in compliance with applicable laws. A discussion of these and other factors with respect to AYRO is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Inquiries:

Nick Kastner
Forum Communications
678-943-3859
nick@forumspeaks.com

Investor Inquiries:

Joey Delahoussaye
CORE IR
516-222-2560
investors@ayro.com

ROUND ROCK, TX – October 31, 2023 – AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Company”), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility and last-mile delivery, and full-service marketing agency Forum Communications were recognized by the Academy of Interactive and Visual Arts 18^th Annual w3 Awards (“W3 Awards”).

“Forum Communications is an outstanding partner and marketing agency,” said Shauna Gernon, marketing communications director at AYRO. “The work that Forum has done on our behalf has been wonderful and represents what is possible when an organization and its marketing agency align on the right strategy.”

Receiving thousands of entries annually from across the globe, the w3 Awards honors outstanding Websites, Online Marketing, Web Video, Mobile Sites and Apps, Social, Podcasts, and Emerging Tech created by some of the best digital content creators across the industry. The new AYRO.com website received its silver award in the General Websites – Environmental & Sustainability category.

The site was initially developed as part of the organization’s re-brand and launch of the 2023 AYRO Vanish (“AYRO Vanish”), a low-speed electric vehicle with a plurality of adaptable configurations for fleet, commercial, industrial and personal use.

“AYRO is a wonderful company with a real focus on developing sustainable products and vehicles to meet today’s industrial needs,” said Nick Kastner, director of brand and digital strategy at Forum Communications. “We believe that the website is a living part of the organization’s brand strategy and will only be elevated in the months and years to come.”

The w3 Awards is sanctioned by the Academy of Interactive and Visual Arts, an invitation-only body of professionals from acclaimed media, interactive, advertising, and marketing organizations like Walt Disney Studios, Lippe Taylor, Meta, Publicis Sapient, Netflix, IBM, NASA/Jet Propulsion Laboratory, LG, and Wired Magazine among many others.

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

About Forum Communications

Forum Communications is an award-winning, full-service strategic marketing agency that helps clients find their voice in a crowded marketplace. Forum’s team builds and executes integrated marketing strategies across all channels ranging from public relations to digital marketing. Over the past 10 years, more than 90% of Forum’s clients have remained clients or utilized Forum’s services on more than one project. Currently, the agency has more than 60 ongoing relationships with clients that entrusted their marketing efforts and brands to the agency.

For more information, visit forumspeaks.com.

Forward Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements and include the development and launch of the AYRO Vanish. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO’s success depends on its ability to complete the development of and successfully introduce new products; AYRO may experience delays in the development and introduction of new products; the ability of AYRO’s suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO’s failure to meet the continued listing requirements of The Nasdaq Capital Market could result in a delisting of its common stock; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the impact of public health epidemics, including the COVID-19 pandemic; the market for AYRO’s products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO’s limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative

AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Company”), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility and last-mile delivery, announces that it has shipped the first production AYRO Vanish (the “Vanish”) units to channel partner Cruising Kitchens, a custom food truck builder and mobile business fabricator. Cruising Kitchens, an upfitter, was one of the first channel partners to order the Vanish, alongside U.S. Fleet Source, a vehicle and fleet service distribution partner for commercial, government, and municipal fleets, and Masters Golf and Utility Vehicles, a regional dealer and fleet solutions provider located in Ontario, Canada.

AYRO believes that allocating the first production Vanish units to key upfitter, fleet and dealer channel partners, like Cruising Kitchens, best positions the Company to reach broader hospitality, government, and last-mile extension fleets throughout the United States and Canada as they transition to electric vehicles.

San Antonio-based Cruising Kitchens specializes in custom food trucks, trailers, and shipping container kitchens, and is the future of mobile vending – they pride themselves in their ability to take any business mobile. Cruising Kitchens plans to upfit the Vanish to enable food and beverage distribution via an emissions-free, ultra-quiet vehicle on campuses and hospitality venues nationwide.

“Cruising Kitchens is known for building the most cutting-edge and innovative mobile kitchens and mobile businesses on the market,” said Cameron Davies, CEO of Cruising Kitchens. “Our commitment to modernization, coupled with our early adopter mindset, made our partnership with AYRO a no-brainer. We’re excited to add the Vanish to our product offerings, as we continue to cater to our customers evolving desires and needs.”

“Cruising Kitchens saw our vision for the Vanish early on and quickly became a key channel partner,” noted Tom Wittenschlaeger, CEO of AYRO. “We hope to deepen our partnership with Cruising Kitchens in the months to come, and we aim to leverage this momentum as we expand into broader fleet applications throughout North America.

To learn more about Cruising Kitchens, please visit: https://cruisingkitchens.com/.

To pre-order and customize the Vanish or fleet of Vanish vehicles online, visit: https://www.ayro.com.

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

Forward Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements and include the development and launch of the AYRO Vanish. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO’s success depends on its ability to complete the development of and successfully introduce new products; AYRO may experience delays in the development and introduction of new products; the ability of AYRO’s suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO’s failure to meet the continued listing requirements of The Nasdaq Capital Market could result in a delisting of its common stock; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the impact of public health epidemics, including the COVID-19 pandemic; the market for AYRO’s products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO’s limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for AYRO’s electric vehicles; the markets in which AYRO operates are highly competitive, and AYRO may not be successful in competing in these industries; AYRO may become subject to product liability claims, which could harm AYRO’s financial condition and liquidity if AYRO is not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, chipsets and displays, could harm AYRO’s business; AYRO may be required to raise additional capital to fund its operations, and such capital raising may be costly or difficult to obtain and could dilute AYRO stockholders’ ownership interests, and AYRO’s long term capital requirements are subject to numerous risks; AYRO may fail to comply with evolving environmental and safety laws and regulations; and AYRO is subject to governmental export and import controls that could impair AYRO’s ability to compete in international market due to licensing requirements and subject AYRO to liability if AYRO is not in compliance with applicable laws. A discussion of these and other factors with respect to AYRO is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Inquiries:

Nick Kastner

Forum Communications

678-943-3859

nick at forumspeaks.com

Investor Inquiries:

Joey Delahoussaye

CORE IR

516-222-2560

investors@ayro.com

There are few more daunting tasks in modern industry than designing a new vehicle from the ground up. The process isn’t just dreaming something up, drawing it, and having workers and machines replicate what’s on the blueprints. It is an in-depth and lengthy process of market research, creativity, incorporation of the latest technologies, anticipating user needs, and ensuring ongoing product improvement. Given the complexities of system requirements determined not just by regulation but by the demands of a world increasingly focused on responsibility and sustainability, social and political as well as mechanical concerns can cause the process to last years and years, perhaps even a decade. But what is really involved in creating that new vehicle? The broad steps below provide an outline of how it’s done but keep in mind that it takes thousands of small steps and lots of people working together to get from conception to production.

DESIGNING THE VEHICLE

Conceptualization – Define what you want the vehicle to do based on market research and determine the product specifications needed to meet that definition.

Product Design – Design the look and feel of the vehicle, map the functional concept to the visual design, and make sure that the product specifications and requirements are met.

ENGINEERING THE VEHICLE

Engineer the vehicle – make sure all the internal and external components fit and function safely and correctly. Make sure that the frame is structurally sound, and that the center of gravity is in a good spot.

TESTING THE VEHICLE

Test the vehicle – hand build the initial prototype vehicles and determine where the wiring components go. Sent the prototype off for evaluation, homologation, and testing. The next few prototypes are then modified from the results they received and go through more testing.

DESIGNING THE MANUFACTURING PROCESSES

Designing the Manufacturing Process – Define and refine the manufacturing process, optimize the design of vehicle for manufacturability, order the parts and tooling needed to manufacture the vehicle.

PREPARING FOR PRODUCTION

Product Readiness Review – Evaluate the manufacturing process by building the vehicle using the production level manufacturing process – also known as Production Readiness Review.

Enter (LRIP) Low-Rate Initial Production – make the final manufacturing adjustments and begin low-rate initial production.

Enter full production – move into full production.

As you can see, there’s a lot that goes into making an all-new, innovative, and industry-changing vehicle; but it’s something that AYRO has done in record time. How? Because we’re not just revolutionizing the idea of what an LSEV is and how it can be used; we’re revolutionizing the entire way we think about creating and building vehicles. Using the SchlägerNull approach AYRO went from conception to production of the Vanish in only two years and did so with the idea of reducing the footprint left behind in the creation, production, and delivery processes. From conception to production, AYRO drives the future forward in everything we do.

ROUND ROCK, Texas – September 21, 2023 – AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Company”), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility, and last-mile delivery, announces that it has been issued U.S. Patent No. D997786 from the U.S. Patent Office and Trademark Office for additional components of the AYRO Vanish (the “Vanish”).

The design patent titled “Electric Vehicle” pertains to the common chassis base profile and reconfigurable cargo subsystems of the Vanish. This is the second design patent that has been issued for the Vanish and is one of several patents that the Company has applied for as part of the vehicle’s design.

“This patent, which protects the innovation of our reconfigurable cargo subsystem is a complement to the design patent already granted on our innovative core chassis,” noted Tom Wittenschlaeger, CEO at AYRO. “The unique core chassis architecture of our vehicles, starting with the Vanish utility low-speed electric vehicle (LSEV), only serves to further differentiate them from their industry peers.”

The awarded design patent is comprised of figures and designs of the Vanish, as well as adaptable configurations and includes the following:

• The profile design of a common core chassis bare profile;
• A modular, tailorable enclosed food, pharmaceutical and miscellaneous climate controlled cargo system;
• Multi-vehicle transposable ramp and associated chocs;
• Reconfigurable, multi-compartment pick-up bed;
• Deployable stair configuration;
• Stake bed cargo option;
• Cargo net configuration payload section;
• Lightweight up-and-down containment side pickup bed; and
• Fixed hard-back perforated metal stakebed equivalent.

“We believe our innovation is unparalleled in our class,” continued Wittenschlaeger. “The ability to create one vehicle that can serve multiple purposes is just one way that we are striving to change the low-speed vehicle space and redefine sustainability.”

AYRO has been honored with two prominent awards in 2023, the Red Dot Award for Product Design and the Frost and Sullivan North American New Product Innovation Award. Additionally, AYRO has secured two design patents and two utility patents for the Vanish and has filed several others, along with numerous foundational patents in the field of sustainability.

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

Forward Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements and include the development and launch of the AYRO Vanish. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO’s success depends on its ability to complete the development of and successfully introduce new products; AYRO may experience delays in the development and introduction of new products; the ability of AYRO’s suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO’s failure to meet the continued listing requirements of The Nasdaq Capital Market could result in a delisting of its common stock; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the impact of public health epidemics, including the COVID-19 pandemic; the market for AYRO’s products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO’s limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for AYRO’s electric vehicles; the markets in which AYRO operates are highly competitive, and AYRO may not be successful in competing in these industries; AYRO may become subject to product liability claims, which could harm AYRO’s financial condition and liquidity if AYRO is not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, chipsets and displays, could harm AYRO’s business; AYRO may be required to raise additional capital to fund its operations, and such capital raising may be costly or difficult to obtain and could dilute AYRO stockholders’ ownership interests, and AYRO’s long term capital requirements are subject to numerous risks; AYRO may fail to comply with evolving environmental and safety laws and regulations; and AYRO is subject to governmental export and import controls that could impair AYRO’s ability to compete in international market due to licensing requirements and subject AYRO to liability if AYRO is not in compliance with applicable laws. A discussion of these and other factors with respect to AYRO is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

ROUND ROCK, TX – September 19, 2023 – AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Company”), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility and last-mile delivery, announces that it has passed California Air Resources Board (“CARB”) confirmatory testing for the AYRO Vanish (the “Vanish”). This comes on the heels of the Company’s recent announcement that the Vanish successfully met all applicable homologation requirements for both the United States and Canada, by demonstrating compliance with Federal Motor Vehicle Safety Standards, Canada Motor Vehicle Safety Standards and SAE J2358.

“CARB has the most rigorous zero-emissions vehicle standards in the United States,” noted Tom Wittenschlaeger, CEO of AYRO. “We believe passing CARB’s confirmatory testing is a significant step in our efforts in sustainability and development.”

CARB is the lead state agency for climate change programs, with a mission to protect the public from the harmful effects of air pollution and develop programs and actions to fight climate change. Originally established in California in 1967, CARB regulations have been adopted by seventeen other states, including Colorado, Connecticut, Delaware, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia, and Washington, as well as Washington, D.C.

Vehicles that undergo CARB testing and approval must demonstrate compliance with the California Code of Regulations, Section 1962.2, Title 13 for “Zero Emission Vehicle Standards for 2018 through 2025 Model Year Passenger Cars, Light-Duty Trucks, and Medium-Duty Vehicles.”

“We at AYRO hold ourselves to an unrelenting standard of excellence when it comes to quality and sustainability. We believe it is vital that the Vanish meets the most rigorous safety, environmental, and technical requirements available for low-speed electric vehicles,” noted Wittenschlaeger. “We are committed to not only meeting these regulations but working to set the standard for our industry and competitors for years to come.”

The Vanish is a utility low-speed electric vehicle (LSEV) with a lightweight architecture that limits vehicle weight and maximizes payload. The Vanish offers highly adaptable configurations and is designed to serve as a sustainable alternative to gas-powered vehicles typically used in commercial fleets.

To pre-order and customize the Vanish or fleet of Vanish vehicles online, please visit: https://www.ayro.com.

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

Forward Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements and include the development and launch of the AYRO Vanish. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO’s success depends on its ability to complete the development of and successfully introduce new products; AYRO may experience delays in the development and introduction of new products; the ability of AYRO’s suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO’s failure to meet the continued listing requirements of The Nasdaq Capital Market could result in a delisting of its common stock; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the impact of public health epidemics, including the COVID-19 pandemic; the market for AYRO’s products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO’s limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for AYRO’s electric vehicles; the markets in which AYRO operates are highly competitive, and AYRO may not be successful in competing in these industries; AYRO may become subject to product liability claims, which could harm AYRO’s financial condition and liquidity if AYRO is not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, chipsets and displays, could harm AYRO’s business; AYRO may be required to raise additional capital to fund its operations, and such capital raising may be costly or difficult to obtain and could dilute AYRO stockholders’ ownership interests, and AYRO’s long term capital requirements are subject to numerous risks; AYRO may fail to comply with evolving environmental and safety laws and regulations; and AYRO is subject to governmental export and import controls that could impair AYRO’s ability to compete in international market due to licensing requirements and subject AYRO to liability if AYRO is not in compliance with applicable laws. A discussion of these and other factors with respect to AYRO is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Pressures and incentives for businesses to transition from fossil fuel-powered transportation fleets to zero emissions electric-powered fleets have never been stronger. Trends in state and federal legislation and regulation, as well as the commitment of corporate policies towards adopting business practices to reduce or eliminate negative environmental impact, means that now is the perfect time to consider building an LSEV fleet.

The Present and Future of Fleet Vehicles

Fleet vehicles are vehicles owned and used by a corporation, organization, government agency, or public utility which are primarily used to transport cargo or people. The composition of vehicle fleets encompasses a diverse range of transportation options, featuring passenger cars, heavy-duty road transport like tractor-trailers, and an emerging focal point on last-mile delivery vans and trucks.

A substantial portion of these last-mile vehicles are being transitioned to low speed vehicles (LSVs), reflecting a growing trend towards more sustainable and efficient urban logistics. As a reminder, a low-speed vehicle is defined, in most states, as a vehicle that has a top speed of 25 mph and can travel on roads with speed limits of no more than 35 mph.

The Growth of EV Fleets

To provide a more effective and economic approach to the last-mile capabilities of fleets, electric vehicles (EVs) are becoming more and more popular, with a 48% increase in U.S. sales and total global sales volume at 13% of the new vehicle market.[1] Analysts predict this trend will continue and that half of all vehicles on the road will be electric cars, trucks and otherwise by 2050.

All told, by 2040 nearly 15 million EVs are expected to be in U.S. corporate fleets and traversing American roads. Delivery systems used in urban and suburban areas that bring everything from food to clothes to consumables to electronics will account for many of those EVs. Of these urban delivery systems, an increasing percentage of those will be electric LSVs or LSEVs.

Development and Management of EV Fleets

The first step is determining the best EV replacements for traditional ICE motor vehicles. While the technology is still developing to bring electric heavy-duty vehicles up to operational parity with their ICE counterparts, remarkable advances have been made in the LSEV realm, which makes it an ideal vehicle to begin the process of transitioning your fleet over to EVs. AYRO’s own Vanish utility low-speed electric vehicle has the capacity of a standard pickup truck. Previous articles by our team have also discussed LSEVs and how such purpose-built machines are an ideal choice for campus mobility and last-mile delivery.

Whatever the business or strategy, transitioning to an EV fleet is only the first step; managing an EV fleet, while similar, is not quite the same as managing a traditional internal combustion engine (ICE) fleet. Effective planning and management of EV fleets, especially those in transition, is crucial to the continued success of any business that relies upon the transportation of goods or service staff. Managing an EV fleet comes with it’s own benefits and challenges.

Benefits of EV Fleet Management

One of the key benefits of managing an EV fleet is the reliability of electric vehicles. EVs have fewer moving parts compared to traditional gasoline or diesel-powered vehicles, making them less prone to mechanical failures and requiring less frequent maintenance. This translates into decreased downtime and increased vehicle availability, allowing drivers to accomplish their tasks with greater efficiency and peace of mind.

A crucial part of any fleet is the people who drive the vehicles, and working with those drivers is a central part of fleet management. Thus, a major benefit of EVs is the improved and enhanced operator experience over traditional ICE vehicles. EVs operate with reduced noise levels, granting a quieter and more serene environment both for the drivers and the communities they serve. The absence of engine vibrations, typical of internal combustion engines, translates into smoother rides, reducing fatigue and enhancing overall comfort.

Challenges of EV Fleet Management

One of the challenges of EV fleet management is ensuring adequate charging infrastructure, not only at fleet headquarters but throughout service areas as well. Managing the day-to-day scheduling of vehicles means that operators and managers will need to coordinate access to minimal cost energy as well as ensure that the necessary number of vehicles needed is reliably available. Advances in software and grid integration will make this aspect of management much easier, and increasingly cost-effective.

Why Should You Switch to an Electric Fleet?

Though the challenges of switching to an EV fleet can seem daunting, the benefits (and sometimes necessities) of doing so can be of significant long-term benefit to the business, its employees, its customers, and the environment. Government regulations have become more demanding on the automobile industry in terms of range, speed, and longevity requirements for EVs, and several states have set requirements for all-electric vehicles within the next few decades. Given these new regulatory conditions, compliance sooner rather than later is the best decision for any business with vehicles.

While the initial cost of EVs is currently higher than ICE vehicles, that is changing: EVs and ICE vehicles should reach cost parity in most regions within five to seven years. This not only includes initial costs, but also long-term savings in fuel, maintenance, and operational costs. Switching to an EV fleet also significantly decreases environmental impact: ICE road vehicles account for 29% of all greenhouse gas (GHG) emissions in the U.S.

Switching to EV’s has both short and long-term benefits.  Additionally, LSEVs are often purchased as replacements for other gas-powered vehicles including UTVs, some golf carts, and more which reduces emissions even further. One major advantage of transitioning to LSEVs is that the infrastructure is already in place: most LSEVs can be plugged into a regular outlet, meaning that they can charge overnight at headquarters or (if necessary) can recharge during the day at practically any location in the United States.

Contribute to Sustainability Goals

While converting to an LSEV fleet is certainly cost-effective in terms of dollars, the most compelling reason is the commitment to infrastructure sustainability. Reducing air pollution and carbon dioxide emissions is not only beneficial to prevent climate change, but it also improves health outcomes for individuals. On average, EV lifetime emissions (including manufacturing carbon) are three times lower than conventional ICE vehicles, and that ratio will only get better as technology improves. Reducing pollution and carbon emissions is not only good for the environment, but is also good for business: companies that adopt environmentally friendly solutions create positive public imaging and brand positioning opportunities and an increasing base of customer loyalty. In a 2019 online survey, 50% of respondents worldwide said they switched products or services because a company violated their values. The number one reason cited for the switch was to support products or services that ‘protect the environment.’ Making the switch to an EV fleet is good for the environment and it’s good for business and branding. The future belongs to those who prioritize sustainability, quality, competitiveness, and technological innovation. These traits, along with strong partnerships, pave the way for progress and success.

AYRO: Driving the Future Forward

Businesses that choose to focus on sustainability, quality, competitiveness, and innovation need partners that understand what drives them. At AYRO, designing zero emissions vehicles that redefine the very nature of sustainability is not just a business model, it’s a passion. AYRO’s latest innovation, the Vanish, is built primarily for use in fleets in organizations ranging from university campuses and airports to resorts and golf courses. It is a utility low-speed electric vehicle intended to improve upon the foundation established by other EV-driven products in the fleet management industry today. LSEVs like the AYRO Vanish are ideal vehicles for supporting last-mile delivery, micro distribution, and other campus or facility needs.

Fleet managers from these types of industries among others are struggling to maintain aging vehicle fleets and manage fuel costs. The AYRO Vanish can replace multiple aging vehicles while also meeting an organization’s sustainability goals. This low-speed electric vehicle fills the gap between full-sized trucks and small utility or golf carts. The Vanish has the payload capacity of a pickup truck, safety features available for on-road use, and is still compact enough to navigate narrow pathways and double doors. The Vanish also offers multiple payload configurations so not only can it replace aging fleet vehicles, but it also can be a versatile solution for a variety of purposes ranging from flatbed, utility bed, and even van and food box vehicle needs.

ROUND ROCK, TX – September 12, 2023 – AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Company”), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility, and last-mile delivery, announces that the AYRO Vanish (the “Vanish”), a utility low-speed electric vehicle (LSEV), has successfully entered low-rate initial production (“LRIP”).

LRIP is a limited manufacturing run that is intended to validate the efficiency of the production processes and systems designed to build the Vanish. Training, tools, processes, and quality measures are evaluated as the Company prepares to ramp up to higher production rates.

“We believe entering LRIP for the Vanish is a major milestone for AYRO,” noted Tom Wittenschlaeger, CEO of AYRO. “Within a few weeks, we anticipate being able to deliver the first vehicles to our dealers and partners so they can begin showing and selling the Vanish beyond pre-orders.”

The Vanish features a lightweight architecture that limits vehicle weight and maximizes payload. The Vanish offers highly adaptable configurations and is designed to serve as a sustainable alternative to gas-powered vehicles typically used in commercial fleets. Last month, the Vanish received initial approval of homologation and compliance with Federal Motor Vehicle Safety Standards, Canada Motor Vehicle Safety Standards and SAE J2358 requirements.

“We’ve worked tirelessly to reach this point in our processes,” continued Wittenschlaeger. “Our partners and dealers are incredibly excited to share the Vanish with their customers. We’re also looking forward to seeing the Vanish in action with customers and fleets as this is just the first vehicle in our planned portfolio.”

AYRO has been honored with two prominent awards in 2023, the Red Dot Award for Product Design and the Frost and Sullivan North American New Product Innovation Award. Additionally, AYRO has secured two design patents and two utility patents for the Vanish and has filed several others, along with numerous foundational patents in the field of sustainability.

About AYRO
AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

Forward Looking Statements
This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements and include the development and launch of the AYRO Vanish. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO’s success depends on its ability to complete the development of and successfully introduce new products; AYRO may experience delays in the development and introduction of new products; the ability of AYRO’s suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO’s failure to meet the continued listing requirements of The Nasdaq Capital Market could result in a delisting of its common stock; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the impact of public health epidemics, including the COVID-19 pandemic; the market for AYRO’s products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO’s limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for AYRO’s electric vehicles; the markets in which AYRO operates are highly competitive, and AYRO may not be successful in competing in these industries; AYRO may become subject to product liability claims, which could harm AYRO’s financial condition and liquidity if AYRO is not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, chipsets and displays, could harm AYRO’s business; AYRO may be required to raise additional capital to fund its operations, and such capital raising may be costly or difficult to obtain and could dilute AYRO stockholders’ ownership interests, and AYRO’s long term capital requirements are subject to numerous risks; AYRO may fail to comply with evolving environmental and safety laws and regulations; and AYRO is subject to governmental export and import controls that could impair AYRO’s ability to compete in international market due to licensing requirements and subject AYRO to liability if AYRO is not in compliance with applicable laws. A discussion of these and other factors with respect to AYRO is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

ROUND ROCK, TX – August 29, 2023 – AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Company”), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility and last-mile delivery, announces that it has been issued U.S. Patent No. D996076 from the U.S. Patent and Trademark Office for the “vehicle seat” of the 2023 AYRO Vanish (the “Vanish”).

The awarded design patent is for the ornamental design of a new exoframe seat onto which customizable damped and covered bolsters may be fastened to improve ride comfort and diminish driver fatigue.

“This patent is representative of our team’s commitment to developing low-speed electric vehicles (LSEVs) with innovative technologies, comforts and features we believe are unlike any other in this market,” noted Tom Wittenschlaeger, CEO of AYRO. “The vehicles we are creating, beginning with the Vanish, represent a thoughtful embodiment of practicality, comfort and versatility. Seats are often overlooked as a key element of operator productivity.”

The design patent represents another milestone for AYRO as the Company seeks to develop new and original designs for its vehicles.

As defined by the U.S. Patent and Trademark Office, a design patent is issued for the “visual ornamental characteristics embodied in, or applied to, an article of manufacture” and “protects the way an article looks.” It gives its owner “the right to exclude others from making, using, or selling the design claimed for a period of up to 15 years.”

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

Forward Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements and include the development and launch of the AYRO Vanish. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO’s success depends on its ability to complete the development of and successfully introduce new products; AYRO may experience delays in the development and introduction of new products; the ability of AYRO’s suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO’s failure to meet the continued listing requirements of The Nasdaq Capital Market could result in a delisting of its common stock; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the impact of public health epidemics, including the COVID-19 pandemic; the market for AYRO’s products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO’s limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for AYRO’s electric vehicles; the markets in which AYRO operates are highly competitive, and AYRO may not be successful in competing in these industries; AYRO may become subject to product liability claims, which could harm AYRO’s financial condition and liquidity if AYRO is not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, chipsets and displays, could harm AYRO’s business; AYRO may be required to raise additional capital to fund its operations, and such capital raising may be costly or difficult to obtain and could dilute AYRO stockholders’ ownership interests, and AYRO’s long term capital requirements are subject to numerous risks; AYRO may fail to comply with evolving environmental and safety laws and regulations; and AYRO is subject to governmental export and import controls that could impair AYRO’s ability to compete in international market due to licensing requirements and subject AYRO to liability if AYRO is not in compliance with applicable laws. A discussion of these and other factors with respect to AYRO is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Company”), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for microdistribution, micromobility, and last-mile delivery, announces the launch of a new webinar series focused on the importance and value of low-speed electric vehicles (LSEVs), sustainability, and electric fleet management. The series will begin on August 17^th, with a webinar covering the definition and benefits of LSEVs.

“We believe there are tremendous advantages to using LSEVs for commercial applications,” said Terry Kahl, vice president of dealer sales. “Our first webinar in this new monthly series focuses on what an LSEV is and how they are used. While we will be advocating for the AYRO Vanish as a premium LSEV solution, our webinar series will be more focused on the industry as a whole and how these vehicles are developed.”

After the first webinar event on August 17^th  from 1:00 – 1:30 PM CDT,  future monthly webinar events will feature discussions on product testing with AYRO engineers, fleet management with dealers and partners, and the different facets of the LSEV and commercial fleet management industry with leading market experts.

“Whether defining our market segment or partnering with other knowledge leaders in the electric and fleet management industry, this monthly webinar series provides another avenue for us to redefine sustainability through collaboration and knowledge sharing,” noted Tom Wittenschlaeger, CEO of AYRO.

Individuals may register for the first webinar, “What is an LSEV? Benefits and Where They Make Sense,” here: https://bit.ly/3OL3mGY.

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

Forward Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements and include the development and launch of the AYRO Vanish. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO’s success depends on its ability to complete the development of and successfully introduce new products; AYRO may experience delays in the development and introduction of new products; the ability of AYRO’s suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO’s failure to meet the continued listing requirements of The Nasdaq Capital Market could result in a delisting of its common stock; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the impact of public health epidemics, including the COVID-19 pandemic; the market for AYRO’s products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO’s limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for AYRO’s electric vehicles; the markets in which AYRO operates are highly competitive, and AYRO may not be successful in competing in these industries; AYRO may become subject to product liability claims, which could harm AYRO’s financial condition and liquidity if AYRO is not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, chipsets and displays, could harm AYRO’s business; AYRO may be required to raise additional capital to fund its operations, and such capital raising may be costly or difficult to obtain and could dilute AYRO stockholders’ ownership interests, and AYRO’s long term capital requirements are subject to numerous risks; AYRO may fail to comply with evolving environmental and safety laws and regulations; and AYRO is subject to governmental export and import controls that could impair AYRO’s ability to compete in international market due to licensing requirements and subject AYRO to liability if AYRO is not in compliance with applicable laws. A discussion of these and other factors with respect to AYRO is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.