LOS ANGELES--(BUSINESS WIRE)--HyreCar, Inc. (Nasdaq: HYRE), the carsharing marketplace for ridesharing, today announced that it has formed a strategic partnership with TIKD, the leading liability management solutions provider to the shared mobility industry, pursuant to which they will launch a ticket management pilot program for HyreCar vehicle owners in California, Washington DC, Virginia and Maryland.
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. As part of this service, TIKD will pay tickets on behalf of HyreCar vehicle owners and collect from the drivers involved in a traffic or parking violation, reducing the stress to vehicle owners and eliminating the burden of collecting payment from drivers. TIKD will cover all costs associated with the ticket process, including fines and court costs, with no exceptions.
“We believe this partnership will be extremely valuable to vehicle owners and dealers within the shared mobility space,” said Joe Furnari, CEO of HyreCar. “By vertically integrating services like TIKD on our platform, we are better able to quickly scale inventory, which in turn drives customer retention, reduces costs and increases revenue.”
“We’re thrilled to support HyreCar with our proprietary technology solution, further improving an already positive vehicle owner and driver experience,” added Megan Broccoli, Co-Founder of TIKD. “TIKD is committed to solving the pain of compulsory fines, and this is an important step towards fulfilling that commitment.”
About TIKD
Headquartered in Miami, TIKD is a technology company that was created to build the technological infrastructure to solve urgent societal problems like the payment, adjudication, and collection of compulsory fines. Founded in 2016, TIKD is the only liability management solution for shared mobility companies. Additionally, in Florida, Georgia, Washington DC, and California TIKD provides a simpler, more cost-effective way to handle traffic and parking tickets directly from a smartphone or computer. TIKD also offers BetterPay, the first and only private traffic ticket payment plan. Find out more at TIKD.com.
About HyreCar
HyreCar Inc (Nasdaq: HYRE) is the carsharing marketplace for ridesharing through its proprietary technology platform. The Company is establishing a leading presence in Mobility as a Service (MaaS) through vehicle owners and institutions, such as dealers and OEMs, who have been disrupted by automotive asset sharing. HyreCar currently operates in 34 states and Washington, D.C. providing a unique revenue opportunity for both owners and drivers. By providing a safe, secure, and reliable marketplace, HyreCar is transforming the industry – one driver, one vehicle, one road at a time. For more information, please visit www.hyrecar.com.
Forward Looking Statements
Statements in this release concerning HyreCar Inc.’s (“HyreCar” or the “Company”) future expectations and plans, including, without limitation, HyreCar’s partnerships and technology solutions, its ability to add and maintain additional car listings from car dealers and consumer demand for cars to be used for ridesharing, may constitute forward looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these forward looking statements, which include words such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” or similar terms, variations of such terms or the negative of those terms. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee such outcomes. HyreCar may not realize its expectations, and its beliefs may not prove correct. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described in the section entitled “Risk Factors” in HyreCar’s Prospectus, dated June 26, 2018, and HyreCar’s other filings made with the Securities and Exchange Commission. All such statements speak only as of the date made. Consequently, forward-looking statements should be regarded solely as HyreCar’s current plans, estimates and beliefs. Investors should not place undue reliance on forward-looking statements. HyreCar cannot guarantee future results, events, levels of activity, performance or achievements. HyreCar does not undertake and specifically declines any obligation to update, republish, or revise any forward-looking statements to reflect new information, future events or circumstances or to reflect the occurrences of unanticipated events, except as may be required by law.