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.
With PassTime, a leading provider of GPS solutions, HyreCar will offer advanced vehicle asset tracking and management to car dealers and fleet owners who are leveraging mobility as a service through the its platform.
The partnership potentially adds upwards of 500 vehicles to HyreCar's platform,
Together with NIADA, the companies aim to meet an overwhelming dealer demand to enter the mobility as a service industry throughout the U.S.
DriveItAway conceived and created the “Lyft Your Down Payment” program and the “Drive For Your Down Payment” program, where car dealers can implement a rental program for ridesharing drivers who want to raise money to buy a vehicle.
For a limited time between July 23 and Aug. 3, HyreCar will be offering a limited time promotion to get new drivers on the road before the new school year. CareDrivers will need to be approved and on the road during the timeframe to take advantage of this promotion.
HyreCar has granted the underwriters a 45-day option to purchase up to 378,000 additional shares of common stock at the IPO price less underwriting discounts.