HyreCar Select unlocks new makes and models and is expected to increase quantity and diversity of EV and ICE cars available for rent on the carsharing platform.
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.
Gig workers can apply for the program, HyreForGood, to receive an all-expenses-paid rental car for 30 days.
HyreCar’s platform will increase utilization of Midway’s inventory to take advantage of growing opportunities in commercial vehicle rentals.
Arcimoto's Deliverator, an ultra-efficient, three-wheel electric vehicle designed for local and last-mile delivery, will be available to rent on the HyreCar platform this summer in Los Angeles.
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.
The company has been working with local job boards to introduce drivers to logistics and delivery companies.
This collaboration provides dealers, OEMs, and other providers with an all-inclusive solution to leverage the shift from automotive ownership to access and consumer demand for mobility alternatives.
The revenue increase was driven primarily by a higher net revenue margin associated with two new subscription tiers launched in the second quarter.
Management will host an investor conference call at 2 p.m. PDT Wednesday to discuss HyreCar's second quarter 2019 financial results, provide a corporate update, and conclude with Q&A from participants.
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