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.”

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. 

Hyrecar’s new insurance program was issued by Assurant, with the backing of Apollo 1969.