LOS ANGELES – October 2, 2017 – YayYo, Inc., the leading provider of automobiles and infrastructure for the Rideshare market, today announced it has increased its financing by four-fold for its fleet of vehicles,
Because of demand for short-term car rentals to rideshare drivers Is very strong, YayYo has rented out its entire fleet of cars. We have increased our line of credit to meet the demand for new cars to continue the growth of the Distinct Car Division.
YayYo has ordered additional vehicles through SoCal Penske, and expects delivery of most of the additional vehicles within the next 4 to 5 weeks.
“We are excited to see the demand for our vehicles by drivers looking for new vehicles that are dependable and show well. ”Stated Laurie DiGiovanni ,COO “We are pleased we were able to secure financing at favorable terms for YayYo.”
About YayYo, Inc.
YayYo is the leading provider of automobiles and infrastructure for the Rideshare market. Founded in 2016, the company provides technology, autos, consumer applications and other resources that move the companies that move people and products. YayYo Empowers The Disruptors.
The Company was also recently qualified by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.