# Saietta receives order for 3,000 eDrive units from existing US customer, AYRO

- Link: https://www.directorstalkinterviews.com/saietta-receives-order-for-3000-edrive-units-from-existing-us-customer-ayro/4121113168
- Published: 2023-04-03T08:32:56+01:00
- Author: Ethan Davis

**Saietta Group Plc** ([LON:SED](https://www.directorstalkinterviews.com/company/saietta-group/sed.l)),
the multi-national business which designs, engineers and manufactures complete light
duty and heavy duty eDrive systems for electric vehicles, has announced it has received
an order for 3,000 eDrive units from its existing US customer, AYRO Inc.

**Highlights**

·      Saietta has received an order for 3,000 bespoke eDrive units from AYRO, an
established US designer and manufacturer of urban delivery vehicles

·      Delivery of eDrive systems to commence in Q3 2023 and production is expected
to take place in batches, with the final batch scheduled for delivery in Q4 2024

·      Manufacturing of the eDrive systems will be undertaken in the UK at the Company’s
specialised EV motor manufacturing facility in Sunderland

·      The order is expected to be worth over £5 million in revenues to Saietta 
throughout the life of the contract, underpinning a proportion of the Company’s 
existing revenue expectations for the financial year to 31 March 2024

Saietta has secured an order from AYRO to supply 3,000 electric drive (eDrive) systems
from Q3 2023 which have been specifically designed to be fitted to a new electric
urban delivery vehicle being launched later this year.  The eDrive units will be
produced in the UK at Saietta’s plant in Sunderland.

AYRO is a NASDAQ-listed, US designer and manufacturer of electric, purpose-built
delivery vehicles and solutions for micro distribution, micromobility and last-mile
delivery.  The contract represents Saietta’s further expansion into the global final
mile delivery market, a market which is projected to grow almost 16% CAGR and by
$165.6bn by 2027^(1).

Saietta will be the exclusive eDrive provider for AYRO’s new AYRO Vanish and the
Company is hopeful of securing follow-on orders upon delivery of the first 3,000
units.

Over the last 12 months, Saietta has worked closely with AYRO to design, engineer,
test and validate a bespoke eDrive which is intended to deliver class-leading performance
and high efficiency on urban duty cycles for the new AYRO Vanish.

> **Tony Gott, Executive Chairman of Saietta, commented:**
> _“This contract with AYRO is a significant milestone for Saietta giving us further
> presence in the US market and confirming that there is clear demand for our products
> and services around the world in the fast-growing, final mile delivery vehicle
> sector._
> _“The order is further validation of our strategy to extend our product offer 
> to encompass complete eDrive systems and focus on large-scale opportunities with
> OEMs, working with them to seamlessly integrate our bespoke solutions into their
> zero-emissions vehicles.”_

> **Tom Wittenschlaeger, Chief Executive Officer of AYRO, commented:**
> _“Over the last year, we have been impressed by Saietta’s innovation, flexibility
> and engineering pace. As we approach the start of production for the revolutionary
> new AYRO Vanish, Saietta is the natural eDrive partner for AYRO. We believe that
> their eDrive solution, amongst numerous other class-leading innovations, will 
> put us best-in-class in our segment.”_

**_^(1)_** _Technavio – Last Mile Delivery Market by Service, Application, and Geography–
Forecast and Analysis 2023-2027_

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