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OjO is changing rideshare for good. We provide safe, sustainable first and last mile mobility solutions in collaboration with local governments.

Our patented, custom-engineered scooter is built for bike lanes and streets, away from sidewalks and pedestrians, protecting public rights-of-way.

The zero emission, fully-electric OjO scooter has two swappable 48-volt lithium ion batteries that allow it to go up to 50 miles on a full charge at bike-lane-legal top speeds of 20 mph.

Integrated GPS technology allows for geo-fencing and automated speed throttling.


July 19, 2019

Arcturus Ventures announces increase and full subscription of private placement

July 9, 2019

Arcturus Ventures proposes business combination with OjO Electric to create a high-growth provider of safe, sustainable urban mobility solutions

Capital Structure

Letter Agreement signed with Arcturus Ventures Inc. (TSXV-NEX:AZN.H) for business combination, including a private placement financing of 9M subscription receipts at a price of C$0.76 (US$0.58) per subscription receipt for aggregate proceeds of C$6.84M (US$5.2M). Proposed post-business combination structure:

  • TSX.V: OJO
  • C$50.0 (US$38.1M)
  • 0
  • C$0.76 (US$0.58)
  • 65.8M *
  • C$6.1M (US$4.6M) †

* Based on US tax considerations relevant to certain pre-business combination OjO securityholders, the final transaction structure may involve certain key OjO securityholders receiving securities convertible into, or exchangeable for, shares of the resulting issuer and/or multiple voting shares entitling those investors to approximately 80% of the outstanding voting rights of the resulting issuer immediately following closing of the business combination. The multiple voting shares will: (i) have 1,000 votes each; (ii) be convertible into resulting issuer common shares on a 1:1 basis in certain circumstances, including automatic conversion upon holders of multiple voting shares collectively owning less than 20% of the outstanding resulting issuer shares (calculated on a fully-diluted and as-converted basis); (iii) not entitle the holders to any greater economic interest per share than the resulting issuer common shares; (iv) not entitle the holders to change the rights and restrictions attached to any class of shares of the resulting issuer without a vote of all shareholders with the multiple voting shares having just one vote each; and (v) not have any anti-dilution rights. The resulting issuer common shareholders will be provided with customary coattail rights.

† Net cash post-financing, taking into account anticipated transaction fees. Proceeds from the financing are expected to be used to acquire scooters for deployment in OjO’s pipeline and for general working capital.

Upcoming Events

July 25-26th

Grit Camp
Muskoka, ON

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August 7-8th

Canaccord Annual Growth Conference
Boston, MA

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Corporate Presentation

Download a PDF copy of our corporate presentation.


On-demand, electric, daily scooter rideshare program in Austin, Dallas and Hoboken. Sign up below for OjO updates:

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