AYRO, INC.
AYRO, Inc. designs and manufactures low-speed electric vehicles (LSEVs) including the Vanish utility vehicle and Valet people mover for enterprise fleet customers, with operations spanning direct sales, dealer networks, and OEM partnerships including a tier-one supplier relationship with General Motors.
- Company typePublic
- Founded2017
- HeadquartersRound Rock, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What AYRO, INC. does
AYRO, Inc. is a publicly traded designer and manufacturer (NASDAQ: AYRO) of automotive-grade, purpose-built low-speed electric vehicles (LSEVs), headquartered in Round Rock, Texas with a secondary manufacturing facility in Beeville, Texas operated through its GLV Ventures partnership. The company's product portfolio is anchored by the AYRO Vanish — a configurable utility LSEV with multiple swappable payload options (Flatbed, Pickup Bed, Van Box) — and the AYRO Valet, a premium 6-seat people mover; supporting offerings include the Electric Vaccine Vehicle (EVV), AYROSync fleet management telemetry software, EV chargers, and a recently launched AI-driven automated manufacturing robotics service.
The technology platform combines a high-power axial flux electric motor, lithium-ion battery systems with thermal management enabling operation from -20°C to 58°C, and lightweight automotive-grade architecture positioning the vehicles between full-size trucks and golf/utility carts in terms of payload and footprint. AYRO's proprietary SchlagerNull™ philosophy is a trademarked sustainability design framework intended to minimize surface alteration, sound, thermal and visual impact, alongside zero emissions. Vehicle components are primarily sourced from North America and Europe, and the Vanish is CARB-certified with completed U.S./Canada homologation.
AYRO generates revenue through direct sales (online pre-order), authorized dealer partners, strategic OEM co-development (Club Car, Gallery Carts, Karma Automotive), and — as of December 2024 — tier-one supplier relationships with General Motors and a top-three U.S. automotive manufacturer via GLV Ventures. End customers span corporate and enterprise fleets, healthcare and medical campuses, hotels and resorts, food and merchandise delivery, education, urban last-mile logistics, and government/transportation (including a U.S. Embassy in South Asia). The company has never been profitable per disclosed forward-looking statements, burned an estimated $6M annually against a 2024 target, and held $37M in cash as of June 30, 2024 against a $1.20M April 2026 market capitalization.
AYRO, INC. firmographics
Firmographics- Name
- AYRO, INC.
- Legal name
- AYRO, Inc.
- Website
- https://ayro.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- AYRO, Inc. designs and manufactures low-speed electric vehicles (LSEVs) including the Vanish utility vehicle and Valet people mover for enterprise fleet customers, with operations spanning direct sales, dealer networks, and OEM partnerships including a tier-one supplier relationship with General Motors.
- Ownership category
- akta.pro rank
AYRO, INC. industry classification
Industry- Product category
- Low-Speed Electric Vehicles (LSEV) / Electric Fleet Vehicles
- NAICS
- Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Motor and Generator Manufacturing (335312)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motors & Generators (3621)
- akta.pro primary industry
- Light Electric Vehicles (NEVs/LSEVs/Quadricycles) Manufacturing (IMACAOAC)
- akta.pro secondary industries
- Automotive Infotainment, Telematics & Connectivity Hardware Manufacturing (TCU/V2X/GNSS) (IMACAJAH), Power Electronics Manufacturing (Inverters/DC-DC/Onboard Chargers) (IMACACAD)
Keywords
Where AYRO, INC. is headquartered
LocationHeadquarters
- HQ city
- Round Rock
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
AYRO, INC. business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Marketing or Sales, Personnel, Infrastructure
Revenue model
- LSEV Vehicle Sales: Direct sales of low-speed electric vehicles (LSEVs) including the Vanish utility vehicle and Valet people mover. Vehicles are sold through direct sales, dealer network, and online pre-orders with configurable options and pricing based on specifications.
- Contract Manufacturing & Design Services: Engineering and manufacturing services for other OEMs and partners through the GLV Ventures partnership, including design and production of vehicles and components for third parties.
- Tier One Supplier Revenue: Revenue from serving as a tier one supplier for General Motors and other major automotive manufacturers, providing manufacturing and potentially components.
- EV Accessories and Chargers: Sales of high-technology EV chargers and accessories, including precision assembly using robotic equipment for automated manufacturing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | AYRO Vanish - Base Vehicle |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels10 records
AYRO, INC. product offering
Product offeringCore offering
AYRO designs and manufactures automotive-grade, purpose-built low-speed electric vehicles (LSEVs), centered on the AYRO Vanish utility LSEV and the AYRO Valet 6-seat people mover. The company also provides contract manufacturing and design services through its GLV Ventures partnership (including tier one supply to General Motors), high-technology EV chargers, the AYROSync fleet management telemetry software, and AI-driven automated manufacturing through its Robotics Division.
Product overview
AYRO, INC. designs and produces zero-emission low-speed electric vehicles (LSEVs) and sustainable fleet solutions. The product portfolio centers on two core vehicles: the AYRO Vanish (utility LSEV for cargo/delivery with multiple bed configurations) and the AYRO Valet (6-seat premium people mover). Supporting offerings include the Electric Vaccine Vehicle (EVV) for mobile medical applications, AI-driven automated manufacturing services through the Robotics Division, and EV chargers. The company also offers AYROSync fleet management software for telemetrics. AYRO serves diverse markets including corporate/medical campuses, hotels/resorts, food/merchandise delivery, education, urban delivery, and government/transportation.
Differentiator
Problem solved
Functional benefit
Brands
- AYRO Vanish: The AYRO Vanish is a utility low-speed electric vehicle (LSEV) with lightweight architecture designed to limit vehicle weight and maximize payload capacity. It is a configurable LSEV supporting campus mobility, last-mile delivery, and micro distribution needs.
- AYRO Valet
Products and services
- AYRO Vanish Utility low-speed electric vehicle (LSEV) with a lightweight, purpose-built architecture designed for last-mile delivery, micro distribution, and campus/facility mobility. Features swappable payload configurations including flatbed, pickup bed, and van box options, and offers up to 1,200 lbs (LSEV) / 1,800 lbs (Non-LSV) payload, greater than 50 miles of range, and CARB-certified zero-emission operation.
- AYRO Valet Premium 6-seat low-speed electric vehicle (LSEV) designed to transport patrons, team members, or visitors in style within campuses, resorts, and facilities. Built with the same automotive-grade components as the AYRO Vanish and configured for limited-speed environments.
- Electric Vaccine Vehicle (EVV) All-electric mobile vaccine and medical delivery vehicle designed to enable flexible, safe, and efficient transport and delivery of vaccines and testing supplies, especially for last-mile healthcare outreach.
- EV Chargers High-technology EV chargers assembled using robotic precision equipment as part of the Robotics Division. First purchase order received from an external client in February 2025.
- AYROSync Fleet Management Software Scalable telemetry software enabling efficient, collaborative fleet deployment through real-time vehicle tracking, telemetrics, and fleet data analytics for AYRO LSEV operators.
- AI-Driven Automated Manufacturing (Robotics Division) AI-driven automated manufacturing services for EVs and supporting accessories using robotic equipment for precision assembly, expanded beyond single-vehicle production capabilities.
Quantifiable outcome
- 50% lower annual operating costs compared to gas-powered counterparts
- +5 more outcomes
Companies that use AYRO, INC.
Customer profileNamed customers9 records
Segments8 records
Ideal customer profiles6 records
AYRO, INC. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature7 records
AYRO, INC. partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, minor and major.
- General MotorscoreAYRO became a tier one supplier for General Motors through the GLV Ventures partnership. This status positions AYRO to work with one of the largest auto manufacturers in the world, leveraging GLV's low-cost facilities to expand design and manufacturing capabilities. AYRO and GLV intend to supply GM as part of increased scope of their manufacturing efforts.
- GLV VenturescorePartnership with GLV Ventures for lower-cost engineering and manufacturing in the United States. GLV provides low-cost manufacturing facilities in Beeville, Texas with full homologation and certification capabilities. GLV has been producing niche product tooling and vehicle assemblies since 1996 with capabilities including chassis manufacturing, vacuum thermoforming, and carbon fiber production. The partnership enables redesign of Vanish for more cost-effective production.
- Electric Vaccine Vehicle PartnershipminorLaunch of Electric Vaccine Vehicle (EVV) in 2021 with partners, designed to mobilize flexible, safe, and efficient vaccine and testing delivery. The EVV was launched March 8, 2021.
- Karma AutomotivemajorPartnership with Karma Automotive LLC for strategic manufacturing, engineering, and design partnership announced in 2020. The partnership aimed to produce over 20,000 vehicles by end of 2023 valued at over $300 million. Karma began manufacturing the Club Car Current for Austin-based AYRO.
- Gallery CartsmajorPartnership with Gallery Carts for mobile hospitality solutions launched in 2020. Gallery Carts is a leading innovator of mobile carts for food, beverage, and retail businesses. The partnership enables AYRO vehicles to serve hot and cold food and beverages at venues including sports stadiums, event venues, and education campuses. Gallery Carts provides support for mobile hospitality vehicles.
- Club CarmajorPartnership formed in May 2019 with Club Car for electric vehicle collaboration. Club Car manufactured the Club Car Current in partnership with AYRO, a compact all-electric light delivery truck. Club Car provides service and parts support for AYRO vehicles including 411 and Current product lines.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
AYRO, INC. competitors and assessment
Company assessmentDirect peers
- ICON EV: ICON EV designs and assembles LSVs, golf carts, and electric utility vehicles for both consumer and commercial use. Directly comparable to AYRO in the LSV/campus-utility niche and competitor for hospitality and resort fleet business.
- Cushman (Textron Specialized Vehicles): Cushman builds food-service, utility, and people-mover LSVs widely deployed at resorts, stadiums, and corporate campuses. Shares AYRO's exact target verticals (hospitality, food and beverage, education) and competes head-to-head in shuttle and utility LSEV fleets.
- Tomberlin EV: Tomberlin produces street-legal low-speed electric vehicles for personal, commercial, and fleet buyers. Comparable to AYRO in LSV product category and target customer mix (small fleets, campuses, last-mile), operating with private-company agility rather than big-OEM scale.
- Vantage Vehicle International: Vantage Vehicle International designs and assembles NEVs, LSVs, and electric micro-trucks under several brand names (eGolf, Vantage). Comparable to AYRO in low-speed electric truck niche and target markets of campus mobility and small commercial fleets.
- Club Car: Club Car manufactures golf cars and utility LSVs (including the Current co-developed with AYRO). It is a direct peer in the LSEV/campus-mobility segment with overlapping customers and, despite the partnership, represents competitive overlap in commercial and people-mover applications.
- Garia Utility Vehicles: Garia manufactures premium low-speed electric utility and people-mover vehicles for resorts, communities, and corporate campuses. Directly comparable to AYRO Valet and Vanish in use case, premium positioning, and European-influenced design ethos.
Broad incumbents
- E-Z-GO (Textron): E-Z-GO, owned by Textron, is a leading manufacturer of golf cars and low-speed electric vehicles including ELiTE lithium LSVs. Directly comparable to AYRO in target customer (campuses, resorts, fleets) and product category (LSV), but with far broader distribution, dealer network, and parent-company backing.
- Polaris Commercial / Columbia Vehicle Group: Polaris's commercial business (including Columbia Vehicle Group) delivers electric utility and industrial vehicles used in facility, hospitality, and last-mile fleets. Competes with AYRO in the commercial LSEV space with significantly deeper R&D and a global dealer network.
Emerging players
- Workhorse Group: Workhorse builds electric delivery vehicles and last-mile fleet solutions including the W4 CC and aerospace drone programs. Comparable to AYRO in fleet electrification and last-mile delivery mission, but at much larger vehicle size and broader scope.
Regional players
- Melex (Polaris partner): Melex produces low-speed electric utility vehicles primarily for European resort, hospitality, and industrial customers. Comparable to AYRO in LSEV product category but predominantly serves EMEA geographies, limiting head-to-head U.S. competition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
AYRO, INC. social profiles
Digital presenceAYRO, INC. compliance and trust
Trust signalCompliance2 records
AYRO, INC. financial estimates
Financial estimateRevenue estimate
Valuation estimate
AYRO, INC. leadership team
Management profileNumber of profiles
Profiles5 records
AYRO, INC. funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AYRO, INC. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AYRO, INC.
What does AYRO, INC. do?
AYRO designs and manufactures automotive-grade, purpose-built low-speed electric vehicles (LSEVs), centered on the AYRO Vanish utility LSEV and the AYRO Valet 6-seat people mover. The company also provides contract manufacturing and design services through its GLV Ventures partnership (including tier one supply to General Motors), high-technology EV chargers, the AYROSync fleet management telemetry software, and AI-driven automated manufacturing through its Robotics Division.
Is AYRO, INC. a public or private company?
AYRO, INC. is a public company. It is classified as public and is currently operating.
When was AYRO, INC. founded?
AYRO, INC. was founded in 2017. It employs 51 to 100 people.
Where is AYRO, INC. based?
AYRO, INC. is headquartered in Round Rock, United States, in the North America region.
How does AYRO, INC. make money?
Four revenue lines are on record. LSEV Vehicle Sales are the primary driver. The others are contract Manufacturing & Design Services, tier One Supplier Revenue and EV Accessories and Chargers.
Who are AYRO, INC.'s main competitors?
Direct peers on record are ICON EV, Cushman (Textron Specialized Vehicles), Tomberlin EV, Vantage Vehicle International, Club Car and Garia Utility Vehicles. Broad incumbents are E-Z-GO (Textron) and Polaris Commercial / Columbia Vehicle Group. Workhorse Group is listed as an emerging player. Melex (Polaris partner) is listed as a regional player.
Does AYRO, INC. have an API?
No public API is recorded for AYRO, INC..
What industry is AYRO, INC. in?
AYRO, INC.'s product category is Low-Speed Electric Vehicles (LSEV) / Electric Fleet Vehicles. Its primary akta.pro industry code is IMACAOAC, Light Electric Vehicles (NEVs/LSEVs/Quadricycles) Manufacturing, with a secondary code of IMACAJAH, Automotive Infotainment, Telematics & Connectivity Hardware Manufacturing (TCU/V2X/GNSS). Its NAICS code is 336320 and its SIC code is 3600.