DISCOVER

Ray J’s Scoot-E-Bike Business Projected To Earn Over $200M In 2020

During the most recent episode of The Vince Staples Show, Staples hides out in Ray J’s mansion after getting caught cheating on his girlfriend. Ray J then explains to Staples, “Next time you get into it with your girl, start a business….You start a business, you so busy you have no time to cheat. Last time I did that, I created the ScootEBikes. I got so rich I bought her a helicopter.”

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Obviously Hollywood is made for exaggerated storylines however in the real world Ray J is a bonafide entrepreneur. Last year, he was able to avoid a $30 million lawsuit over his Raytroniks Corporation’s electronic scooter brand, ScootEBike. As luck, preparation & opportunity would have it, in 2020, according to The Source, ScootEBike is expected to earn over $200 million in revenue. These high projections are a result of Raytroniks signing a deal with the Canadian ride-sharing company, LOOPShare, to expand its reach over the market of sustainable urban transportation. Ray J will reportedly earn $34 million from the partnership and receive over 18 million common shares in LOOPShare.

ScootEBikes is playing in a fertile market and as a result is projected to reach sales as high as $2 billion over the next 2 years alone. This may partly explain why Suge Knight has entrusted Ray J. with his business rights.

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