Ray J’s Scoot-E-Bike Ridesharing Company Projected to Make Over $200 Million in 2020

Say what you’ll about Ray J however there isn’t any denying that he at all times finds a means to rise from the ashes.

From revitalizing his music profession, to actuality television, and now transitioning as a businessman, Ray J is an ideal instance of somebody rolling with the punches and getting the final chuckle.

In January 2019, it was reported that LOOPShare was getting into an settlement to buy an asset from Raytroniks company.

The asset in query was the ‘Scoot-E’ model Ray J has been seen selling the previous few years.  LOOPShare is targeted on micro-mobility, ride-sharing, and concrete transportation companies.

Ray J reportedly pocketed round $34 million in addition to 18 million widespread shares in LOOPShare.

The Scoot-E-Bike from LOOPShare is due to hit the market in early 2020 and can boast an providing that options superior telematics and digital dashboard companies to title a couple of.

The world progress potential is what leads to the huge valuation of over $200 million. Even extra spectacular, the model could possibly be value over $1 billion in a few years.

LOOPShare is already engaged on partnerships with present corporations in varied markets. OpenStreet Co. Ltd. is one such model that already has a fleet of 10,000 electrical bikes working in Japan. That infrastructure mixed with the Scoot-Ebike tech could possibly be a match made in heaven for each events.

We all know the way shortly Bird and Lime scooters descended on city environments so it’s no secret that {the marketplace} is there.

Meanwhile, Ray J can function a model ambassador and has been hilarious and relentless in the promotion of his tech model.

By bringing bikes to customers on this scale Ray J has an amazing alternative to “hit it first” and revenue from world gross sales and take some market share from anybody else in the house.

Most not too long ago, Ray J was featured on Vince Staples YouTube brief sequence in the episode titled “Sheet Music.”

Ray J is seen shamelessly selling Scoot-E bikes, using one inside his house and even providing recommendation to Vince Staples to begin a enterprise in order that he will likely be extra trustworthy to his important different.

Moments like this present Ray J just isn’t above laughing at his previous and even good sufficient to do it in a means that he stands to make a revenue from it.  You can try the episode under and hold your eyes peeled for extra enterprise strikes Ray J will likely be making in the long run as he transitions extra into entrepreneurship.

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