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A Premier Global Investment Bank and Medalist Partners provides HyreCar with a $100 million revolving line of credit for the carsharing company's anticipated fleet growth.
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Firefly and Hyundai Motor America partner to create a pilot program called Hyundai Drive by Firefly, which offers rideshare fleets and drivers income potential of up to $3,600 per year.
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Gig workers can apply for the program, HyreForGood, to receive an all-expenses-paid rental car for 30 days.
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As rising damage claims are now a significant barrier to profits for self-insured P2P platforms, those platforms are looking to minimize their losses in any way possible. The vehicle owners are the ones who suffer.
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