RideShare Rental, Inc, formerly YayYo, Inc, announces its entrance into the last mile logistics space through the rentals of transit high roof top cargo vans
YAYYO INC (YAYO)
Company Research
Source: GlobeNewswire
RideShare Rental will take delivery of the first combination of 28 Transit-250 and transit-350 high roof top cargo vans this week with another 50 vans to be delivered by the end of January 2021 ACME Auto Leasing LLC will extend an additional $1 million line of credit to finance the initial acquisition BEVERLY HILLS, Calif., Dec. 15, 2020 (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 it is entering into the last mile logistics space by supplying customers with transit high top cargo vans . Rideshare Rental's acquisition of these vans will be financed through an increase of $1 million in its existing line of credit with ACME Auto Leasing LLC. Ramy El-Batrawi, CEO of Rideshare Rental said, “With the explosion of Amazon's business th
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