Companies · Other

AYRO, Inc.

NEW YORK · Other

Diligence memoA one-page analyst read on AYRO, Inc. — recommendation, valuation, rhythm, risks.
$108.6M
Total raised · real
12
Rounds
0.2×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Fri Aug 08 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

AYRO, Inc. looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.16× the median modeled value of Series C Other companies in 2025–2027 (74 peers) — value vs value, same stage and era.
Active
  • Last raise 11 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other

AYRO, Inc. is one of 25008 Other companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 97% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
10
Investors (latest)
2025-08-08
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeed · 2015-07-14 Raised $1.6M (real) Modeled valuation $29M (est)Seed2015Seed · 2016-12-21 Raised $462K (real) Modeled valuation $8.6M (est)Seed2016Seed · 2017-03-30 Raised $1.1M (real) Modeled valuation $20M (est)Seed2017Series A · 2018-03-08 Raised $6.2M (real) Modeled valuation $94M (est)Series A2018Series A · 2019-12-06 Raised $2.5M (real) Modeled valuation $38M (est)Series A2019Series A · 2019-12-19 Raised $1.0M (real) Modeled valuation $15M (est)Series A2019Series A · 2020-07-08 Raised $1.2M (real) Modeled valuation $18M (est)Series A2020Series A · 2020-07-23 Raised $745K (real) Modeled valuation $11M (est)Series A2020Series B · 2020-11-22 Raised $18M (real) Modeled valuation $273M (est)Series B2020Series B · 2021-01-25 Raised $25M (real) Modeled valuation $357M (est)Series B2021Series C · 2023-08-07 Raised $44M (real) Modeled valuation $407M (est)Series C2023Series C · 2025-08-08 Raised $7.0M (real) Modeled valuation $43M (est)Series C2025Cumulative $109M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.6M · 2015
Seed extension$462K · 2016
Seed extension$1.1M · 2017
Series A$6.2M · 2018
Series A extension$2.5M · 2019
Series A extension$1.0M · 2019
Series A extension$1.2M · 2020
Series A extension$745K · 2020
Series B$18.1M · 2020
Series B extension$24.7M · 2021
Series C$44.0M · 2023
Series C extension$7.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$43.5M
Base estimate est.
$27.1M
Conservative case
$56.8M
Upside case
$46.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $29.3M · 2015-07-142015Seed · modeled $8.6M · 2016-12-21Seed · modeled $20.4M · 2017-03-30Series A · modeled $94.3M · 2018-03-08Series A · modeled $37.8M · 2019-12-06Series A · modeled $15.1M · 2019-12-19Series A · modeled $17.7M · 2020-07-08Series A · modeled $11.1M · 2020-07-23Series B · modeled $273.2M · 2020-11-22Series B · modeled $356.6M · 2021-01-25Series C · modeled $407.2M · 2023-08-07Series C · modeled $43.5M · 2025-08-082025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
0.9 yr
Elapsed time used
0.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$10.8M/yr
Capital velocity
11.0 yr
On record since
2015
First round
12
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 53× above median
This company$108.6M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.1× of median
This company$7.0M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 2.5× above median
This company$43.5M
Sector median$17.7M

Raised more than 97% of sector peers (real $). Modeled value above 69% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #55 of 74.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Premium Packaged Products LLC · Series C Raised $96.5M · modeled $612.7M (est)Hoagie Investor Holdings, LLC · Series C Raised $95.4M · modeled $585.8M (est)Sunset At El Paso Llc · Series C Raised $98.1M · modeled $585.1M (est)Orion Street Capital LLC · Series C Raised $100.0M · modeled $583.3M (est)Mozella Capital Inc. · Series C Raised $100.0M · modeled $559.0M (est)SE-Las Colinas · Series C Raised $90.9M · modeled $548.8M (est)Sequoia Equities - Innsbrook Village Ltd · Series C Raised $181.8M · modeled $548.5M (est)Colorado Holdco · Series C Raised $88.1M · modeled $522.9M (est)Critical Infrastructure I DST · Series C Raised $91.9M · modeled $507.2M (est)Three Bridges Club LLC · Series C Raised $73.3M · modeled $487.7M (est)Stout Holdings Management Aggregator IV, L.P. · Series C Raised $76.2M · modeled $479.1M (est)CCRE Equity & Investment Office LLC · Series C Raised $75.0M · modeled $458.2M (est)AYRO, Inc. (this company) Raised $108.6M · modeled $43.5M (est)AYRO, Inc.
CompanyStageRaised · realValue · estvs peer med.
Premium Packaged Products LLCSeries C$96.5M$612.7M2.26×
Hoagie Investor Holdings, LLCSeries C$95.4M$585.8M2.16×
Sunset At El Paso LlcSeries C$98.1M$585.1M2.16×
Orion Street Capital LLCSeries C$100.0M$583.3M2.16×
Mozella Capital Inc.Series C$100.0M$559.0M2.07×
SE-Las ColinasSeries C$90.9M$548.8M2.03×
Sequoia Equities - Innsbrook Village LtdSeries C$181.8M$548.5M2.03×
Colorado HoldcoSeries C$88.1M$522.9M1.93×
Critical Infrastructure I DSTSeries C$91.9M$507.2M1.87×
Three Bridges Club LLCSeries C$73.3M$487.7M1.80×
Stout Holdings Management Aggregator IV, L.P.Series C$76.2M$479.1M1.77×
CCRE Equity & Investment Office LLCSeries C$75.0M$458.2M1.69×
AYRO, Inc. this companySeries C$108.6M$43.5M0.16×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.6M2015-07-14$7.9M$29.3M85%
Seed$462K2016-12-21$2.3M$8.6M90%
Seed$1.1M2017-03-30$5.5M$20.4M90%
Series A$6.2M2018-03-08$28.3M$94.3M90%
Series A$2.5M2019-12-06$11.4M$37.8M90%
Series A$1.0M2019-12-19$4.5M$15.1M90%
Series A$1.2M2020-07-08$5.4M$17.7M90%
Series A$745K2020-07-23$3.4M$11.1M90%
Series B$18.1M2020-11-22$100.7M$273.2M90%
Series B$24.7M2021-01-25$137.3M$356.6M90%
Series C$44.0M2023-08-07$293.3M$407.2M90%
Series C$7.0M2025-08-08$46.7M$43.5M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.6M2015-07-14
    • First recorded raise — entered as Seed.
    • 4 investors on this round.
  2. Seed$462K2016-12-21
    • Raised again after 17 mo — slower than the ~11 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Seed$1.1M2017-03-30
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 5 investors on this round.
  4. Series A$6.2M2018-03-08
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 5.7× larger than the prior — scaling up.
    • 13 investors on this round.
  5. Series A$2.5M2019-12-06
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Series A$1.0M2019-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  7. Series A$1.2M2020-07-08
    • Came back fast: 7 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  8. Series A$745K2020-07-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Series B$18.1M2020-11-22
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 24.3× larger than the prior — scaling up.
    • 7 investors on this round.
  10. Series B$24.7M2021-01-25
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 4 investors on this round.
  11. Series C$44.0M2023-08-07
    • Raised again after 30 mo — slower than the ~11 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 6 investors on this round.
  12. Series C$7.0M2025-08-08
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 6.3× smaller than the prior — bridge or down round.
    • 10 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~11mo cadence
$7.0M
Modeled next size est.range $7.0M$11.2M
0.2×
Last step-up
$10.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
DAVID ALLEN8 other2015-07
Joshua Silverman7 other2016-12
Mark Adams6 other2019-12
David Newman4 other2019-12
Christian Okonsky2 other2019-12
Curtis Smith2 other2019-12
SEBASTIAN GIORDANO2 other2015-07
David Spencer Newman1 other2018-03
Gilbert Villarreal1 other2025-08
Jonathan Schechter1 other2017-03
Joshua C. Silverman1 other2020-07
Michael Spencer Richardson1 other2018-03
Solomon Mayer1 other2019-12
Spencer Richardson1 other2019-12
Thomas M. Wittenschlaeger1 other2023-08
Wayne R. Walker1 other2021-01
Wayne Walker1 other2025-08
Zvi Joseph1 other2019-12
Brian C. Groh2020-07
Brian Daly2017-03
Brian R. Groh2021-01
Brian Spencer Harrington2018-03
CHARLES BENTON2015-07
David E. Hollingsworth2023-08
Registry & provenance

AYRO, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1086745
SEC CIK
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Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

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Frequently asked
How much funding has AYRO, Inc. raised?
AYRO, Inc. has raised approximately $108.6M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is AYRO, Inc.'s estimated valuation?
Provath's modeled valuation for AYRO, Inc. is approximately $43.5M (modeled range $27.1M–$56.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is AYRO, Inc. at?
AYRO, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Aug 08.
What does AYRO, Inc. do and where is it based?
AYRO, Inc. operates in the Other sector, based in NEW YORK.
Explore related

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