HyreCar: Rental Days Rebound to Pre-COVID-19 Growth
The company reports a new high with over 79,000 rental days in May while moving its insurance liability programs to Lloyd’s Apollo 1969 syndicate, a gig economy provider.
HyreCar also just completed moving its primary and excess automobile insurance liability programs over to Lloyd’s Apollo 1969 syndicate, an insurance provider in the gig economy that provides insurance to many of the top companies in rideshare transportation and food delivery.
Photo via Depositphotos.
HyreCar Inc., a carsharing marketplace for ride-hailing and delivery fleets, provided a corporate update this week and announced the completion of a new auto insurance program with Lloyd’s Apollo 1969 syndicate.
“We are very happy that our weekly rental days have now quickly rebounded to over 19,500, putting us back to pre-Covid 19 growth, and we set a new all-time high month with over 79,000 days in May,” said Joe Furnari, CEO of HyreCar. “We believe this is because our business model and platform allowed us to leverage new opportunities within this crisis and create a larger market with ridesharing and delivery. As states reopen, we should continue to see steady revenue growth in the second half of 2020.”
Beginning Date | Ending Date | Weekly Rental Days |
Dec. 30, 2019 | Jan. 1 | 16,912 |
Jan. 6 | Jan. 12 | 16,995 |
Jan. 13 | Jan. 19 | 17,156 |
Jan. 20 | Jan. 26 | 17,271 |
Jan. 27 | Feb. 2 | 17,447 |
Feb. 3 | Feb. 9 | 17,804 |
Feb. 10 | Feb. 16 | 17,923 |
Feb. 17 | Feb. 23 | 18,352 |
Feb. 24 | March 1 | 19,942 |
HyreCar also just completed moving its primary and excess automobile insurance liability programs over to Lloyd’s Apollo 1969 syndicate, an insurance provider in the gig economy that provides insurance to many of the top companies in rideshare transportation and food delivery.
Beginning Date | Ending Date | Weekly Rental Days |
March 2 | March 8 | 20,071 |
March 9 | March 15 | 19,580 |
March 16 | March 22 | 16,280 |
March 23 | March 29 | 14,319 |
March 30 | April 5 | 14,141 |
April 6 | April 12 | 14,602 |
April 13 | April 19 | 15,800 |
April 20 | April 26 | 15,961 |
Arpil 27 | May 3 | 16,808 |
May 4 | May 10 | 17,293 |
May 11 | May 17 | 17,776 |
May 18 | May 24 | 18,317 |
May 25 | May 31 | 18,553 |
June 1 | June 7 | 19,247 |
June 8 | June 14 | 19,587 |
Hyrecar’s new insurance program was issued by Assurant, with the backing of Apollo 1969.
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