Ray J's Tech Company Negotiates $31 Million Deal
Ray J is a long way away from just being known as Brandy's brother. And with his latest money move, he's proving to be a shrewd businessman. Ray J's tech company, Raycon, the singer's electronic transportation company, has struck a deal with Cowboy Wholesale to the tune of a cool $31 million. Per the deal, Cowboy Wholesale will exclusively market Raycon's products, which include the foldable Scoot-E-Bike electric vehicle, through its global logistics and distribution channels, and provide the capital. Ray J will be on hand to handle the marketing and global branding strategy, with the company expected to do a product launch this month. “The world is moving towards renewable green energy, and electric transportation is a big part of that," Ray J said in a press statement. "With the Raycon movement, we are going to make sure we are one of the first ones there.” #RayJMakingMoves
