AYRO, Inc.: management transactions · United States · SEC (Form 4)

About AYRO, Inc.

AYRO, Inc. is a U.S.-based industrial company listed on the NASDAQ in the United States, focused on low-speed electric vehicles and sustainable mobility solutions. The company traces its roots to 2017, when entrepreneurs, executives, and investors founded Austin Electric Vehicles, which later became AEV Technologies, Inc., and was renamed AYRO, Inc. in May 2019. Its headquarters is in Austin, Texas, placing it within one of the country’s most active technology and manufacturing hubs. AYRO has built its business around zero-emission, purpose-built vehicles designed for professional, short-range use cases such as campus mobility, last-mile delivery, micro-distribution, and on-site logistics. The company’s core activity is the design and production of compact electric vehicles and related systems aimed at fleet customers that need highly customizable, practical, low-impact transport. AYRO’s lead recent product is the Vanish, described by the company as the first vehicle in its newer product roadmap. The firm has also highlighted partnerships with manufacturing and supply-chain counterparts, and it has announced a robotics division focused on AI-driven automated manufacturing for high-technology vehicles and support products. That suggests a strategy not only centered on product innovation, but also on improving production scalability and operational efficiency. AYRO’s messaging consistently emphasizes sustainability, adaptability, and solutions tailored to specific customer needs rather than mass-market consumer EVs. From a competitive standpoint, AYRO operates in a fragmented market that includes EV startups, specialty vehicle makers, and utility mobility providers. Its niche is relatively narrow, but it is also differentiated: low-speed, purpose-built vehicles for controlled environments, where emissions reduction, quiet operation, compact dimensions, and brand customization matter. This positioning may not deliver scale as quickly as broader automotive markets, but it creates a clear value proposition for campuses, enterprises, municipalities, and institutional customers seeking fit-for-purpose fleet solutions. Recent milestones include a 2024 operational reset and supply-chain restructuring related to the Vanish program, including changes in manufacturing relationships as the company continued to evaluate its operating model. In July 2025, AYRO announced that it had regained compliance with Nasdaq’s minimum bid price requirement, an important listing-related development for a U.S.-listed micro-cap company. For investors, AYRO remains a high-risk, execution-driven small-cap story whose equity case depends on product commercialization, manufacturing discipline, and the company’s ability to convert niche demand in the U.S. market into sustainable revenue growth.