CYC Motor + Ristretto Forge Long-Term Partnership for USA Expansion

CYC Motor and Ristretto have officially signed an agreement to establish a long-term partnership. The partnership is meant to help drive growth and establish service centers across the United States.

This strategic collaboration entails significant investments and financing from both companies to accelerate expansion, foster the development of cutting-edge technologies, and embark on multiple joint projects.

Having collaborated since 2019, CYC Motor and Ristretto have built a strong foundation of mutual trust and shared values. The newly formed partnership holds great promise for both companies, fostering a positive outlook for their collective future.

Christopher Gerardino CEO of Ristretto® expressed his enthusiasm about the partnership, emphasizing his intrigue with CYC's accomplishments in the micro-mobility industry. He noted that their aligned values and shared vision have played a pivotal role in their friendship and collaborative efforts since his initial encounter with Jon Chan, CYC Motor CEO. As both individuals have backgrounds in architecture, they have bonded over their appreciation for exceptional design. Over the past three years, their partnership has flourished, with Gerardino praising Jon Chan as one of his most outstanding business associates.

The partnership between CYC Motor and Ristretto® signifies an exciting opportunity for growth, progress, and the realization of shared ambitions.