AYRO, Inc. - Common Stock (AYRO)
Competitors to AYRO, Inc. - Common Stock (AYRO)
Arcimoto, Inc.
Arcimoto creates electric vehicles designed primarily for urban environments, which overlaps with AYRO's focus on lightweight, sustainable transportation solutions. Both companies target eco-conscious consumers and businesses looking for efficient last-mile delivery options. Arcimoto, however, has a more established brand presence and has made more significant strides in production and market distribution, giving it an edge over AYRO in terms of scale and operational reach.
Bollinger Motors
Bollinger Motors develops electric trucks and utility vehicles, positioning itself within the same broader market of electrifying commercial vehicles as AYRO. Their focus on rugged utility solutions allows them to tap into industries looking for work-ready electric platforms. While both companies aim to transition traditional markets to electric, Bollinger's emphasis on off-road capability and practical utility provides it with a competitive advantage, especially in the commercial sector.
Coulomb Technologies
Though not a direct competitor, Coulomb Technologies focuses on electric vehicle charging infrastructure, an essential component of the electric vehicle ecosystem. AYRO's offerings in electric vehicles can benefit from the infrastructure Coulomb is developing. Hence, while they do not compete in the same product space, the interplay between vehicle production and charging infrastructure defines their competitive dynamics. AYRO needs to collaborate with technology providers like Coulomb to enhance its market proposition.
Green Power Motor Company GP +6.59%
Green Power Motor Company specializes in developing electric buses and trucks, directly competing in the commercial electric vehicle sector that includes AYRO's niche products. Both companies aim to provide sustainable solutions to reduce the environmental impact of transportation. However, Green Power's established track record of EV production and a growing portfolio of contracts with municipalities give it a strong competitive stance in the marketplace, allowing it to secure larger customer deals effectively.
Workhorse Group, Inc. WKHS -1.55%
Workhorse Group focuses on electric delivery vehicles and last-mile delivery solutions, similar to AYRO's target market. Both companies are part of the growing trend toward electrification in transportation, which creates a competitive landscape around innovation, customer acquisition, and operational efficiency. However, Workhorse has a more robust production scale and a larger market presence, giving it a competitive advantage in terms of established customer partnerships and visibility within the industry.