Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of designer and manufacturer of light-duty, short-haul, and last-mile delivery electric vehicles, AYRO (NASDAQ: AYRO) are rising premarket after the company received an initial purchase order valued at $2 million.
The order follows the 2022 Club Car Current launch, the next generation of the Club Car 411.
AYRO said the “purchase order signals the strong, and immediate, demand for the Club Car Current as business sustainability goals and EV adoption increase.”
The Club Car Current is deemed road safe by the U.S. Department of Transportation and certified under California’s California Air Resource Board (CARB) Certification Program with “cleanest” scores for global warming and air quality of zero-emission vehicles.
Karma Automotive will assemble the Club Car Current at its Innovation and Customization Center in Moreno Valley, California, as part of its strategic partnership with AYRO.
“Club Car has been a strong partner for getting our light-duty, low-speed EVs to customers that need them, and this purchase order is a great example of our successful collaboration,” said Rod Keller, CEO of AYRO.
AYRO's share price is up 3.05% premarket at $5.75, adding to its recent gains.
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