Saietta confirms eDrive order from AYRO

Saietta confirms eDrive order from AYROSaietta has received an order from AYRO for 3,000 eDrive units, to be delivered beginning in Q3 2023Tailored to AYRO’s specification, Saietta’s industry leading eDrive is designed to deliver unparalleled performance on urban duty cycles for the new AYRO VanishNew order builds on Saietta’s existing relationship with AYROThe last mile global delivery vehicle market is projected to grow by 15.62% CAGR and $165.6bn by 2027London, UK, 3 April 2023 – Saietta Group plc (AIM: SED) a British electric drive (eDrive) specialist, has received an order for 3,000 electric drive (eDrive) units from AYRO Inc., the U.S.-based low-speed electric vehicle (LSEV) company. Tony Gott, Executive Chairman , Saietta Group plc, commented, “We are delighted to be working with AYRO. Saietta has developed a competitive advantage from engineering complete eDrive solutions specifically for this market sector with plenty of modularity built into the designs. As we approach the start of production for the revolutionary new AYRO Vanish, Saietta is the natural eDrive partner for AYRO. The global final mile delivery market is projected to grow almost 16% CAGR and by $165.6bn by 2027.