LOS ANGELES--(BUSINESS WIRE)--YayYo, Inc., the leading app providing smartphone metasearch for ridesharing services, today announced it has received fleet financing for its fleet of vehicles. RideYayYo will debut its fleet throughout LA County this summer.
RideYayYo will provide LA residents with the riding experience the city now lacks due to old cars with untrained drivers. Users requesting a ride from RideYayYo will be greeted by a professionally trained driver in a brand new car with enhanced features for riders.
“We are excited after months of negotiation to be able to secure financing at favorable terms to make it possible for YayYo to launch the RideYayYo service faster into the Los Angeles greater area,” stated Ramy El-Batrawi, CEO. “This is an exciting time for YayYo.”
RideYayYo transcends the traditional rideshare model through its unique opportunity for drivers. RideYayYo will supply drivers with new cars that can be taken home, alongside enhanced training, guaranteed pay with benefits, insurance, and a path to employee ownership. With flexible shifts and an innovative customer-centric approach, drivers with RideYayYo can be assured a consistent income without having to worry about extraneous fees such as tolls, insurance, and car payments that come with driving for other services.
Those interested in driving for RideYayYo can fill out an application by visiting the website www.drive4yayo.com.
The Company was also recently qualified 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.
