AYRO and Element Fleet Management Enter Agreement

AYRO, a designer and manufacturer of light-duty, short-haul and last-mile delivery electric vehicles (EVs), entered an agreement with Element Fleet Management to combine AYRO’s marketing, engineering and production expertise with Element’s fleet management capabilities, global footprint and consulting experience. The companies will aim to support the deployment of large fleets of AYRO electric delivery vehicles over the next four years.

Element currently has 1 million vehicles under management across five countries and serves more than 5,500 clients. AYRO will partner with Element for its suite of fleet management services spanning the vehicle lifecycle. The collaboration is intended to allow clients interested in AYRO vehicles to benefit from Element’s consulting team to help select, finance and optimize their fleets for cost savings, driver safety and reduced environmental impact. In addition, Element’s commercial sales team is expected to offer AYRO EVs and Element’s service partner network to provide appropriate maintenance, accident repair, transport, roadside assistance and other on-road services.

“Our partnership with Element is intended to support large-volume deployments of our EVs that are purpose-built for the delivery market,” Rod Keller, CEO of AYRO, said. “Restaurants, food services and delivery companies with national footprints need more than just EVs — they need financing, telematics, and maintenance and repair services to manage the entire fleet lifecycle and keep operating costs low. Together with Element, we should now be able to provide custom, end-to-end EV fleet management services for commercial customers, enabling us to quickly and effectively scale. We believe that Element’s market dominance and global footprint also give us a significant competitive advantage against other companies that do not have this support in meeting immediate demand for sustainable delivery fleets.”

AYRO’s lineup of EV models vary from light-duty trucks, vans and flatbeds to three-wheel vehicle configurations.

AYRO and Element intend to initially serve clients in the U.S. and Canada over the next four years, but the supply chain capabilities and resources of the two companies may be leveraged to meet potential future demand across global markets.

“Element is strategically well-positioned to support our clients and lead our industry through the gradual electrification of automotive fleets over the next decade. We are excited by both the economic and environmental benefits of fleet vehicle electrification,” Chris Gittens, executive vice president of strategic relationships for Element Fleet Management, said. “As the market-leading fleet management company everywhere we operate, our relationship with AYRO ensures our clients have ready access to this innovative new offering.”

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