On August 4, 2025, AYRO, Inc. signed a $7 million agreement to sell 7,000 shares of convertible preferred stock and warrants to accredited investors, convertible at $8.00 per share; the proceeds will be used for general corporate purposes. Additionally, a consulting agreement was signed with James Altucher, providing for strategic services over two years and issuing warrants for 1 million shares at various exercise prices.