YayYo, Inc., quoted on the OTC under the symbol “YAYO,” is a holding company with a mission to bridge the gap between gig economy drivers who need vehicles and transportation network and delivery companies that depend on attracting and keeping drivers. One of the company’s wholly-owned subsidiaries, RideShare Rental, is a proprietary platform that rents vehicles with approved gig economy insurance to rideshare drivers and provides fleet operators with a platform to manage their vehicle rental fleets. Distinct Cars, another wholly-owned subsidiary, maintains a growing fleet of new standard passenger vehicles and rents these vehicles directly to rideshare drivers. Through RideShare Rental and Distinct Cars, YayYo seeks to become the preeminent provider of rental vehicles to drivers in the gig economy.



The rideshare industry is growing rapidly. Rideshare companies are adding more than 50,000 drivers a month to meet the current demand, and growth continues to accelerate. Uber alone has an estimated two million drivers in the United States.

But not everyone who wants to drive for Uber, Lyft, and other rideshare services owns a suitable vehicle. YayYo bridges the gap between these rideshare drivers in need of a vehicle and the rideshare companies whose brands depend on attracting—and keeping—drivers with appropriate vehicles.

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Although Covid-19 did impact YayYo’s first quarter, we were able to pivot our marketing strategies from renting cars for the rideshare industry to that of delivery services – which quickly leveled our utilization rate. As of mid-May we have brought our rental number back to pre Covid-19 shutdown levels. And with the acquisition of additional cars during Q1, we’re hopeful to see growth rebound in upcoming quarters. We also believe we are well positioned to capture even greater market share due to dwindling competition in our sector during this shut down period. - Ramy El-Batrawi, CEO