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Updates

P3 Global Management Signs Partnership Agreement

with OjO Electric to Provide Electric Scooter

Ride Share Programs on East Coast

For Immediate Release 

P3GM Contact: Mary Lynch, Mlynch@p3gm.com

OjO Contact: Melanie Wine, Melanie@ojoelectric.com

NEW YORK, November 1, 2018 -- Today, P3 Global Management (P3GM - www.p3gm.com) a global smart city development company, together with OjO Electric, LLC, (www.ojoelectric.com) a Light Electric Vehicle (LEV) mobility solutions company, announced they will provide electric scooter ride share as an option to municipalities throughout the East Coast. As city populations are on the rise, city planners know that dense populations demand greener modes of transportation. P3GM is a subsidiary of European Parking & Smart Mobility leader EYSA. 

P3GM and OjO Electric, LLC, are committed to collaborating with local governments to protect the public’s right-of-way while providing first and last mile mobility solutions. Built for the bike lane, the OjO scooter is a safe, sustainable and structurally sound commuter scooter for today's rapidly expanding ride share market. The patented and powerful HyperGear hub motor propels the OjO scooter to bike-lane-legal top speeds of 20mph. In addition, OjO has a swappable 48-volt lithium ion battery that allows it to go 50 miles on a full electric charge. 

"Partnering with P3GM will enable OjO Electric, LLC to fast-track deployment of OjO electric commuter scooters throughout the growing scooter ride share market. P3GM’s expertise in smart-city mobility solutions and urban planning makes the OjO/P3GM partnership the right answer for future forward cities and their residents and visitors,” said Max Smith, OjO Electric CEO. "OjO is a smart, sustainable and structurally sound scooter for the safest ride on the streets." 

P3GM focuses on bringing advanced transportation systems to small and mid-sized cities through a unique approach that brings turn-key mobility infrastructure to cities at no cost to the taxpayer. Their first program SkyBike, based in West Palm Beach, Florida, launched in June 2015 and is comprised of 150 bikes across 17 stations, boasting over 17,714 registered users. This was quickly followed by the increasingly successful JerseyBike program (NJ), whose 560-bike system surpassed 500,000 rides in its third year, with 35,000 users. P3GM has also launched New Haven Bike Share in Connecticut, consisting of 300 bikes and 30 stations, and New Rochelle Bike Share in New York, with 100 bikes and 11 stations at the start of 2018. 

"P3GM strives to maintain a clear vision and be a trusted long-term partner, guiding OjO Electric into smart city opportunities and unlocking social, environmental and economic (SEE) value. The OjO scooter offers style and performance for a fun, safe and clean transportation solution. OjO is a terrific choice for the ride share market and I’m excited to join forces and share the smart city vision with the OjO team," said Carlos Pujol, P3GM CEO. 

About P3GM 

P3GM is a global smart city development company that provides a gateway for next-generation technology companies to implement their solutions in cooperation with cities. Through public-private partnerships, P3GM integrates best-in-class technologies and solutions across the mobility, energy, telecommunications, and out-of-home media industries. For more information visit: www.p3gm.com 

About EYSA 

EYSA is a Spanish company with international ambition and great experience delivering integrated mobility solutions for cities and citizens to improve their quality of life. EYSA acts in accordance with our vision of what a 21st-century city should be, based on our deep knowledge and innovative approach and true to sustainability values. Rooted in technology and innovative management models, we help connect cities and citizens within the process of transforming Smart Cities. EYSA (www.eysaservicios.com) is backed by leading independent mid-market private equity managers Portobello Capital. 

About OjO Electric, LLC 

OjO Electric LLC is a Light Electric Vehicle (LEV) mobility solutions company creating products and services for first and last mile transportation solutions. Our vision is to create a sustainable mobility eco-system connecting people, cities and businesses with our LEV services. With patented designs, manufacturing and distribution for electric scooters, OjO is a vertically integrated LEV company. The OjO original electric scooter has a range of 50 miles, and top speed of 20 mph making it a safe, fun, and reliable means of transportation. The new foldable OjO will soon be launched for both purchase or share in our B2C and B2B service offerings.