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Rideshare Rental receives an additional $2M line of credit to fund fleet expansion

RideShare Rental, Inc (OTCMKTS:YAYO) CEO Ramy El-Batrawi tells Proactive the rideshare and delivery gig economy industry fleet provider has secured a $2M line of credit from ACME Auto Leasing LLC.

El-Batrawi says as the group has been experiencing increased demand for vehicles, the additional $2M allows the California-based group to purchase high top cargo vans for last -mile logistics, and electric vehicles to build out its EV strategy for the rideshare space.

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Price: 1.25 USD

Market Cap: $48.13 m

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EVmo to go all-electric by the end of 2021 with new fleet of Tesla vehicles

EVmo Inc (OTCMKTSYAYO) CEO Stephen Sanchez tells Proactive the provider of vehicles to the rideshare and delivery gig economy sector, will acquire a fleet of Tesla (NASDAQ:TSLA) electric vehicles and committed to going all-electric by the end of the year. Sanchez says the decision to double down...

on 03/10/2021

2 min read