Editor’s Note (February 18, 2020, 9:39 PM EST): A rep for Raycon reached out to us earlier today. The rep told us that the details in this article are false. Raycon–has not released any financial details about the company, and they do not plan to release any details until Q2 or Q3. The mention of said partnership is also incorrect.
Raycon, one of the latest new tech companies to emerge under the leadership of multi-talented new tech mogul Ray J is projected to make $200 million in sales in 2020 with his latest partnership with LOOPShare. Ray J’s company, which currently, focuses on providing a quality, true-wireless audio experience, for affordable prices, has already made over $10 million in sales in 2019. His forthcoming Scoot-E Bike is set to make $200 million in sales this year and $2 billion in coming years, with the industry’s shifting focus to renewable green energy. He has partnered with the Canadian ridesharing company LOOPShare, to market the re-release of his already successful, and heavily celebrity-marketed Scoot-E Bikes. The partnership has already earned Ray J $34 million.