Ray J continues to make money moves with his Scoot-E-Bike company. His Raytroniks Corporation reportedly signed a deal with LoopShare, which had Ray J make about $34 million from the deal alone and over $18 million common shares in LOOPShare.
LoopShare is a ride-sharing company that focuses on sustainable transportation for urban communities. This deal is expected to take ScootEbikes to the next level, when it’s officially released in 2020.