LOS ANGELES – March 9, 2018 – YayYo, Inc today announces it has signed its first fleet operator to in previously announced Peer-Peer Platform Ridesharerental.com after finalizing the insurance program that was required to let others on the platform the company is moving quickly in getting fleet owner with Idol cars, or who want to take advantage of the demand in the market from drivers that need a car that would qualify for ridesharing platforms like Uber and Lyft.
Acme Auto Share signed up this week to start renting cars first in the Connecticut area. Once Acme establishes itself in Connecticut where it is based, they are planning to expand in other locations in the east coast. Cities that ACME is looking to expand to are Baltimore/Washington, Boston and other neighboring cities.
Acme plans to purchase new cars to put on the platform and some cars from their current fleet.
“Having Fleet owners like ACME will help Rideshare Rental grow a lot faster than if the company had to purchase all the cars that are need for this demanding industry said Ramy El- Batrawi, CEO. “ACME is the first of many fleet owners that will be on the platform which will help increase revenues and profitability for YayYo”
The www.RideSharerental.com platform is also a peer-to-peer platform where individuals and fleet owners can list their cars to rent to rideshare drivers.
Those interested in renting cars can go to www.RideShareRental.com
The Company was also qualified on March 17th, 2017 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.
YayYo, Inc., also recently announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market..
About ACME Auto Sharing
ACME Auto Sharing is a division of ACME Auto leasing
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward- looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings.