Evmo Announces Non-Dilutive Financing To Add 400 Vehicles Per Quarter To Its Fleet

EVmo, Inc. (OTC: YAYO) (the “Company’), a leading provider of vehicles to the rideshare and delivery gig economy industry, is pleased to announce it is developing partners to deliver up to $30 Million in vehicle financing to add approximately 400 vehicles quarterly to the Company’s fleet. We currently have 600 cars on our platform and anticipate having in excess of 2,000 cars within the next year. We expect to be operationally profitable at approximately 950 cars, and cash flow positive at approximately 1,600 cars, which remains in-line with internal forecast and business plan; the difference being the initial down payments for the car purchases.