Below are the latest news stories about Rideshare Rental Inc that investors may wish to consider to help them evaluate YAYO as an investment opportunity.
RideShare Rental (YAYO) announces that ACME Auto Leasing LLC has increased their line of credit to the company by $2M.The extension will be used to fund additional passenger vehicles for the rideshare industry, including the purchase of transit high top cargo vans for last -mile logistics."The higher line of credit will help... Seeking Alpha | January 21, 2021 |
BEVERLY HILLS, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) -- RideShare Rental, Inc., formerly YayYo, Inc. ("RSR" or the “Company") (Other OTC:YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, today announced that ACME Auto Leasing LLC has increased their line of credit to the Company by $2 million. The extension will be used to fund additional passenger vehicles for the rideshare industry, including the purchase of transit high top cargo vans for last -mile logistics. The bulk of the funds will be allocated towards the purchase of electric vehicles (EV) to launch RSR's EV strategy for the rideshare space. Ramy El-Batrawi, Chief Executive Officer of RSR said, "The higher line of cr... Yahoo | January 21, 2021 |
New office expansion should help enable RideShare Rental achieve its expansion strategyBEVERLY HILLS, Calif., Jan. 20, 2021 (GLOBE NEWSWIRE) -- RideShare Rental, Inc., formerly YayYo, Inc. ("RSR" or the “Company") (Other OTC:YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, today announced a major office move to a larger facility in Beverly Hills. RSR operations will be moving from its current location at 6600 Sunset Blvd in Hollywood to 195 S. Robertson Blvd in Beverly Hills, CA. The new office space will significantly expand the Company's operational square footage, which will facilitate the Company’s rapid growth strategy. For example, the new site will include four (4) ser... Yahoo | January 20, 2021 |
Company Achieves Record Revenue and all its goals for the fourth quarterBEVERLY HILLS, Calif., Jan. 19, 2021 (GLOBE NEWSWIRE) -- RideShare Rental, Inc., formerly YayYo, Inc ("RSR" or the “Company") (Other OTC:YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, today announced preliminary, unaudited financial results and selected operating metrics for the fourth quarter and fiscal year ended December 31, 2020. Financial Highlights: Total net revenue of approximately $8 million for fiscal 2020, which is an increase of approximately 11% compared to fiscal 2019, despite the drop in revenues in the second quarter caused by COVID-19 shutdowns;Total net revenue of approximately $2.3 mi... Yahoo | January 19, 2021 |
RideShare Rental, formerly YayYo (YAYO), acting through its wholly-owned subsidiary, Rideshare Car Rentals, announced that its CEO Ramy El-Batrawi increased his ownership position in YAYO common stock by 5M shares.Mr. El-Batrawi received these shares through an exchange transaction with RSR's largest stockholder, the Gray Mars Venus Trust."I feel our stock is undervalued at... Seeking Alpha | January 13, 2021 |
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