Everyone remembers Ray J when they think about his infamous intimate tape with Kim Kardashian, forgetting that the man had an ‘admirable’ music career with some notable hits.
But people might want to take note of the R and B singer. He has been making money moves! The man is expected to secure a hefty bag in 2020 thanks to his bike-sharing company ScootEbike.
ScootEbike/Loopshare scooters will hit the market in early 2020 offering to provide users with the ability to use advanced telematics and digital dashboard services unlike any other bike-sharing company in the world.
This can potentially be a billion-dollar company in 2 years if it all goes as planned. Upon closing of the Raytroniks transaction (the “Transaction”) LOOP received several benefits including: Acquisition of a recognized brand in the electric transportation industry, increased visibility in the global micro-mobility and ride-sharing industry with access to expertise and vision of a successful tech-entrepreneur such as Ray J.
LOOP has the potential to surpass the success of scooter-share company Bird, which stunned the transportation industry by achieving a billion-dollar valuation faster than any company in history.
Could it be possible that Ray J will be the first R&B singer to reach 1 billion dollars in revenue? Only time will tell. But 200 million is a great start!