Ray J Signs 7-Figure Deal For His Scoot-E-Bike Company

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Ray J is a businessman, and his perception has simply landed him 1,000,000 greenback deal. According to TMZRay J bought his Scoot-E-Bike enterprise to Canadian firm LOOPShare for an quantity within the excessive 7-figures. That’s one candy deal. Although he bought his enterprise, Ray J can be closely concerned within the firm shifting ahead. He will management near 19 million shares whereas nonetheless guiding the artistic path for the scooters’ development. The enterprise will kick off by producing three fashions of the handy mode of transportation. A conventional sit-down mannequin, a vespa fashion unit, and stand-alone scooter will develop Scoot-E-Bike, and make Ray J a really wealthy man. 

The bikes will start to seem in America and Canada, however the finish aim is to go international. The bikes restrict air air pollution, have a high velocity of 20 mph, and a variety of as much as 30 miles per cost. Ray J’s supervisor, David Weintraub, instructed TMZ that Ray’s mission is to develop his tech enterprise. He has turned down a number of tv offers to pursue ventures such because the one with LOOPShare, and it paid off. Raycon, Ray J’s tech firm, is allegedly pulling in $2-Three million in gross sales each month.