HyreCar Announces Strategic Partnership with the National Independent Automobile Dealers Association Through DriveItAway

Alliance Offers Mobility as a Service Business Opportunity to Members of One of the Nation’s Largest Automobile Trade Associations

LOS ANGELES--()--HyreCar Inc (Nasdaq: HYRE), the carsharing marketplace for ridesharing, and the National Independent Automobile Dealers Association (NIADA) have entered into a strategic partnership, through its alliance with DriveItAway, a current NIADA National Member Benefits partner.

HyreCar’s aim is to meet an overwhelming dealer demand to enter the mobility as a service (MaaS) industry throughout the U.S. by serving the NIADA’s 17,000 dealership members. This partnership expansion continues NIADA’s commitment to helping member auto dealers better understand, and provide critical resources to implement a successful MaaS business.

“With our expansion of the DriveItAway program through HyreCar, NIADA dealer members now have access to our turnkey self-service carsharing platform,” said Joe Furnari, CEO of HyreCar Inc. “HyreCar insurance coverage and training allows auto dealers and auto remarketers to quickly and profitably participate in mobility as a service.”

NIADA senior vice president of member services Scott Lilja said, “Working with DriveItAway’s dealer program, expanded through its relationship with HyreCar, gives all NIADA members the opportunity to create an immediate new profit center, expand their portfolio of qualified buyers and sell more vehicles.”

For interested dealers, NIADA will be hosting an educational webinar on August 9, 2018 at 12:00 p.m. EST. To register, please visit http://www.lyftdealers.com/webinar-registration.

About NIADA

The National Independent Automobile Dealers Association (NIADA) is among the nation's largest trade associations, representing the used motor vehicle industry comprised of more than 38,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA’s grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry.

For more than 70 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA programs and educational opportunities is available at www.niada.com and www.niada.tv.

NIADA HEADQUARTERS
2521 Brown Boulevard
Arlington, TX 76006
(800) 682-3837

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 OEM’s, 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’s future expectations and plans, including without limitation, HyreCar’s expectations regarding its strategic partnership with NIADA and DriveItAway, 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 “believe,” “intend,” “may,” “potential” 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. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, as well as those risks more fully discussed in the section entitled “Risk Factors” in HyreCar’s prospectus, dated June 26, 2018, that was filed with the U.S. Securities and Exchange Commission under File No. 333-225157, as well as discussions of potential risks, uncertainties, and other important factors in HyreCar’s subsequent filings with the U.S. Securities and Exchange Commission. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

for HyreCar Inc
Media Relations:
Ronjini Joshua
The Silver Telegram
HyreCar@thesilvertelegram.com
or
Investor Contact:
Ted Haberfield
President, MZ Group - MZ North America
HYRE@mzgroup.us
Web: www.mzgroup.us

Contacts

for HyreCar Inc
Media Relations:
Ronjini Joshua
The Silver Telegram
HyreCar@thesilvertelegram.com
or
Investor Contact:
Ted Haberfield
President, MZ Group - MZ North America
HYRE@mzgroup.us
Web: www.mzgroup.us