Love & Hip Hop Hollywood is not the only deal Ray J has locked in for 2018. A few days ago, the reality star took to Instagram to introduce his new tech brand, Raycon Global in which was fully secured by closing a $31 million deal with Cowboy Wholesale who will take on the role as a Raycon Global exclusive distributor.
Raycon Global is a new electric transportation brand with all electronics designed by celebrities. In a recent press release Ray J stated:
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.
The “One Wish” singer’s rapid success with Raytroniks and Scoot-E-Bikes in the past couple of years is what initiated his new role overseeing marketing and global strategy of Raycon Global. Cowboy Wholesale has managed to collectively sell over $1 billion of consumer electronics with companies such as Sony and Coby Electronics, so a partnership with Raycon Global is mutually beneficial for both parties.
Since Ray J announced the news about his newest tech venture, Chris McCarthy, President of VH1 and MTV, Amy Doyle, General Manager of VH1 and MTV, and his wife, Princess Norwood have all extended their congrats and best wishes. Head over to rayconglobal.com to learn more about the official launch of Raycon Global.