This represents an increase of 13% when compared to revenue of $3.1 million in the fourth quarter of 2018.
Jay Vijayan is currently the founder & CEO of Tekion Corp., a Silicon Valley startup that is disrupting and transforming the business applications and automotive retail experience.
A webcast will also be available for 90 days on the IR section of the HyreCar website.
The renewed insurance program, which was previously underwritten by Y-Risk on behalf of AIG, now resides with The Hartford.
The application was developed with Mitek, a leader in identity verification technology, to allow interested drivers to easily verify their identity when digitally applying to rent a car through HyreCar’s new seamless mobile interface.
The company anticipates releasing its annual financial reporting at the end of March.
With the addition of Brian Allan, HyreCar will continue to leverage its business model of carsharing for ridesharing while providing a "path to purchase" for rideshare drivers.
HyreCar also announced that it has expanded access to its proprietary platform for drivers and vehicle owners in all 50 U.S. states.
As part of HyreCar’s growth plan, Henry Park will be working with the company’s leadership team to improve HyreCar’s end-to-end user funnel, streamline the rideshare insurance claims process, and optimize customer service to improve the overall user experience.
Owners on the HyreCar platform will have a seamless interface with TIKD’s ticket management service as an added benefit of operating on the HyreCar platform.