Ray J Signs 7-Figure Contract for Scoot-E Bikes

Looks like Ray J struck big gold with his Scoot-E bikes.

The reality star isn’t only making his name known through his “Love & Hip Hop” antics. Exciting business ventures into bicycles has earned him a major 7-figure deal with LOOPShare. 

The Canadian company bought the Scoot-E Bike business, according to TMZ. Though he’s no longer the owner of the concept, Ray will still be raking in a coin by staying involved in the creative construction of the Vespa-styled device. 

Raycon, Ray’s tech company designed the bikes to limit air pollution and run up to 30mph per charge. They are scheduled to be in the American and Canadian markets before hopefully going global.