Ray J’s Bike-Sharing Company “ScootEBike” Projected To Make Over $200 Million In 2020
Ray J is continuing to make money moves. According to “The Source”, his Raytroniks Corporation reportedly signed a deal with LoopShare, for their ScootEBike brand with Ray J milking the deal for about $34 million and over 18 million common shares in LOOPShare.
LoopShare is a ride-sharing company that specializes in sustainable urban transportation. This deal will surely take his company to the next level when ScootEbikes hits the streets in 2020, with digital dashboard services and technology unlike any bike-sharing company on the market.
The projected gross potential of the micro-mobility company is upward of $2 billion in the next two years. Damn.