Ray J Closes $31 Million Deal to Launch Raycon, his New Electric Transportation Brand Reviewed by Momizat on . Ray J By Jack Barnes Ray J, the American singer and television personality, today announces a new $31 million deal securing the launch of his new electronics tr Ray J By Jack Barnes Ray J, the American singer and television personality, today announces a new $31 million deal securing the launch of his new electronics tr Rating: 0
You Are Here: Home » News » Ray J Closes $31 Million Deal to Launch Raycon, his New Electric Transportation Brand

Ray J Closes $31 Million Deal to Launch Raycon, his New Electric Transportation Brand

Ray J Closes $31 Million Deal to Launch Raycon, his New Electric Transportation Brand

Ray J

By Jack Barnes

Ray J, the American singer and television personality, today announces a new $31 million deal securing the launch of his new electronics transportation brand Raycon. The $31 million deal, paid in the form of equity and cash, was finalized between Ray J and Cowboy Wholesale, a leading distributor of consumer electronics based in New York City. Ray J takes an active full-time role in the newly formed partnership, overseeing marketing and global branding strategy.

unnamed-1As the entrepreneurial CEO of his own electronics brand in 2015, Ray J is best known for popularizing the Scoot-E-Bike, a foldable, two-wheeled electric vehicle. Today, Ray J believes Raycon is the next evolution for his business ventures. With a family of innovative, high-demand electronics designed and backed by celebrities, Raycon addresses the everyday needs of the urban technophile, focusing on impactful electric transportation. “The world is moving towards renewable green energy, and electric transportation is a big part of that. With the Raycon movement, we are going to make sure we are one of the first ones there,” said Ray J.

In the partnership, Cowboy Wholesale brings a world-class management team and board of advisors who have collectively sold over $1 billion in sales of consumer electronics with past executive experience in companies such as Sony, Coby Electronics, and Pepsi. As the exclusive distributor of Raycon products, Cowboy Wholesale has agreed to market Raycon products through its global logistics and distribution channels, including the United States, Asia, and Europe.

The Raycon official product launch is scheduled for mid-November 2017. Raycon products will be available for purchase at rayconglobal.com.

About Raycon

Raycon Global (Raycon) is a consumer electronics brand founded in 2017. Led by a team of executives and board advisors with decades of experience, Raycon is the premier global brand for innovative, high-demand electronics designed by celebrities. With offices based in New York, California, South America, and China, Raycon aims to share the excitement and benefits of new technology.

About Ray J

As the entrepreneurial CEO of his electronics brand Raytroniks and Scoot-E-Bike in 2015, Ray J achieved rapid corporate growth by implementing a viral organic marketing strategy. He secured product placements through celebrities such as Sean Combs, Brandy, Snoop Dogg, Chris Brown, Justin Bieber, Stephen Curry, Cara Delevingne, and professional athletic teams, including the L.A. Clippers and Los Angeles Rams. After finding success with his brands, Ray J secured a multi-million dollar partnership with Cowboy Wholesale to form Raycon. He currently takes an active full-time role with Raycon, overseeing marketing and global branding strategy.

Want to submit something? Click Here

Need promotion? Click Here

Follow me: Getmybuzzup on Twitter | Getmybuzzup on Facebook | Getmybuzzup on Google+ | Getmybuzzup on Tumblr | Getmybuzzup on Linkedin | Getmybuzzup on Pinterest | Getmybuzzup on Instagram | Getmybuzzup on Snapchat

Let us know what you think in the comment area below.

Liked this post? Subscribe to my RSS feed and get loads more!”

Previously: Ray J NEVER WILL WORK WITH Yung Berg Again Over Tierra Mari, Also He is Done With Mayweather TMT


 

About The Author

Celebrity Blogger

I'm a celebrity blogger who has a passion for blogging about what's trending in Hip Hop, R&B, and Celebrity Entertainment. I'm a huge sports fan; my favorite teams are The NY Knicks & NY Jets. I also enjoy spending time with family, and working hard as hard work pays off.

Number of Entries : 23707

Comments (1)

    Scroll to top