Local City Officials Approve 400% Increase in
Fleet Size, to 500 Scooters in Each City
OXNARD, CA and VANCOUVER, Oct. 28,
2019 /CNW/ - OjO Electric Corp. (the "Company"
or "OjO") (TSXV: OJO), a Light Electric Vehicle (LEV)
mobility solutions company, is pleased announce the expansion of
its electric rideshare scooter service in Austin, TX and Dallas, TX. As part of the expansion, OjO will
increase its fleet from 100 to 500 seated electric scooters for
added mobility within the cities.
OjO partnered with Austin Commuter Scooter, LLC, a
subsidiary of Bike Share of Austin, the operator of the Austin
B-cycle System, and within Dallas,
with Shift Transit. These relationships allow for easy access to
consumers, and oversight by experienced local teams for scooter
deployment, balancing, service and repair, as well as 24/7 customer
service telephone support lines for users.
"We are thrilled to expand our partnerships with Austin Commuter
Scooter and Shift Transit to bring more OjOs to the Austin and Dallas area," says Matt Tolan, Head of Sales and Partnerships for
the Company. "It is a key part of our strategy to collaborate with
local government officials, such as the Austin Transportation
Department's Mobility Group and the Dallas Department of
Transportation, to allow us to better understand local market needs
and be able to provide sustainable mobility solutions that service
the public's transportation needs while also reducing carbon
emissions and congestion."
OjO rideshare users in each city are able to enjoy longer rides,
as compared to a typical kick-scooter, and ride in comfort on OjO's
adjustable cushioned seat. The OjO scooter has a swappable 48-volt
lithium ion battery that allows it to go up to 50 miles on a full
charge. In addition, the patented and powerful HyperGear hub motor
propels the OjO scooter to bike-lane-legal top speeds of 20mph. By
encouraging increased mileage traveled and drive time in rideshare
through thoughtful scooter design, OjO's goal is to reduce cars on
the road and carbon emissions. OjO's V2 scooter features integrated
GPS technology that enables unique virtual and physical parking
solutions in order to improve operational efficiencies and reduce
sidewalk clutter. Pricing starts at US$1.25 plus US$0.18 to US$0.25
per minute.
OjO is committed to working with local governments to ensure
protection of the public's right-of-way, while providing first and
last mile mobility solutions. Built for the bike lane and
streets, off sidewalks and away from pedestrians, the OjO scooter
is a safe, sustainable and structurally sound scooter for today's
expanding rideshare market.
For more information and to sign up to OjO's mailing list,
please visit www.ojoelectric.com. Follow @OjOElectric on Twitter,
Instagram and Facebook, and download the OjO mobile app on iOS or
Android.
On behalf of OjO Electric Corp.
"Max Smith"
CEO and Director
About OjO Electric Corp.
OjO Electric Corp. (TSXV: OJO) is dedicated to providing
safe, sustainable Light Electric Vehicle (LEV) mobility solutions
in collaboration with municipal governments to reduce traffic
congestion and carbon emissions. OjO's vision is to change
rideshare for good by creating a sustainable mobility eco-system
that connects people, cities and businesses. OjO's platform is
built with open API's to allow for integration with partners and
multi-modal transportation solutions. To find out more, please
download the OjO mobile app or visit www.ojoelectric.com.
About Austin Commuter Scooter, LLC
Austin Commuter Scooter is a wholly owned subsidiary of Bike
Share of Austin, a local non-profit that operates the Austin
B-cycle system. Under BSA's management, Austin B-cycle has been a
nationally recognized bike share system, growing the system from 11
to 76 stations and setting U.S. records for ridership. BSA under
its subsidiary Austin Commuter Scooter brings a half-decade of
operational expertise and shared-use industry leadership to the
launch of OjO Electric's innovative shared-use product.
About Shift Transit
Founded in 2015, Shift Transit is a leading mobility operations
company, offering clients a robust suite of services. From
operating all facets of bikeshare and scooter systems (including
station site planning, station and bike deployment and maintenance,
fleet rebalancing, marketing and sales) to managing carsharing
fleets, Shift Transit has quickly become one of the most agile and
respected mobility management firms in the field. Shift Transit has
110 employees in seven offices across North America and currently powers bikesharing
systems in Toronto, Detroit, Chattanooga, Tucson, and Ann
Arbor and carsharing services in Chicago and Austin. In 2018 alone, customers took over 2.5
million trips using Shift Transit platforms.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Cautionary Statement Regarding Forward-Looking
Information
This news release may contain forward-looking information or
statements pertaining to the Company's objectives, goals or future
plans and the business and operations of the Company. Often, but
not always, forward-looking information can be identified by the
use of words such as "plans", "expects", "does not expect",
"estimates", "intends", "anticipates", "does not anticipate", or
"believes", or variations of such words and phrases or states that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken to occur or be achieved. Forward-looking
information or statements are necessarily based on a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information. Such factors include, but are not
limited to: general business, economic and social uncertainties;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; those
additional risks set out in the Company's Filing Statement and
other public documents filed on SEDAR at www.sedar.com; and other
matters discussed in this news release. The foregoing list of risks
and uncertainties is not exhaustive. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Should one or more of these risks
or uncertainties materialize, or should assumptions underlying the
forward-looking information prove incorrect, actual results,
performance or achievement may vary materially from those expressed
or implied by the forward-looking information contained in this
news release. These factors should be carefully considered and
readers are cautioned not to place undue reliance on
forward-looking information, which speaks only as of the date of
this news release. All subsequent forward-looking information
attributable to the Company herein is expressly qualified in its
entirety by the cautionary statements contained in or referred to
herein. The Company does not undertake any obligation to release
publicly any revisions to this forward-looking information to
reflect events or circumstances that occur after the date of this
news release or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities laws.
View original
content:http://www.prnewswire.com/news-releases/ojo-electric-expands-rideshare-programs-in-austin-and-dallas-300946064.html
SOURCE OjO Electric Corp.
