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EVmo, Inc, formerly YayYo, Inc, a leading vehicle supplier to the rideshare and delivery gig economy industry, operating through its wholly-owned subsidiary Rideshare Car Rentals, LLC, announced that it is participating in the acquisition of a fleet of Tesla vehicles and committed to a full transition to electric vehicles by the end of 2021.
Steven Sanchez, CEO of EVmo, said the future of mobility is electricity and Tesla is the obvious choice. The company said it is delighted to be one of the first Tesla fleet partners in the US to use electric vehicles, rather than gasoline-powered vehicles, for services such as Uber and Lyft. The company said it understands that now is the best time to switch to electric cars.
Despite more and more EV brands and models appearing on the market, EVmo said Tesla is the unprecedented global leader in the EV market, making it a great strategic choice.
In December 2020, the company deployed 40 electric vehicles as part of a ridesharing program in Los Angeles. Since then, they purchased 12 more electric vehicles in February 2021, realizing there was high demand for them. Currently, EVmo owns 10 Tesla Model 3s and plans to expand its EV fleet by ordering more Model 3s in the future.
The company plans to use future funding and resources in a way to support its future plans for electric vehicles. “The Tesla Model 3 Standard Range Plus is highest rated in every category. It offers Tesla prestige at a lower price, is most technologically advanced and is best in class on the range, performance and handling. Equally important is the Tesla Supercharger network access. With a range of 263 miles, Tesla Model 3 makes it affordable and profitable for both the driver and us. The drivers get the benefits of the gas savings; plus, they can drive at a higher level on both Uber and Lyft’s platform, where they can earn more money,” Sanchez said.
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