DropCar Announces Deal with Leading Peer-to-Peer Car Sharing Marketplace, Turo
January 14 2019 - 6:00AM
Business Wire
- DropCar’s Mobility Cloud technology
to provide Turo customers enhanced vehicle drop-off, pick-up and
delivery.
- Program launches today across Los
Angeles, San Francisco, Newark, New Jersey and Washington,
D.C.
DropCar, Inc. (NASDAQ:DCAR), a leading provider of last mile
logistics technology, mobility services and cloud based software
for both the automotive industry and consumers, today announced a
deal with Turo, the world’s leading peer-to-peer car sharing
marketplace. DropCar’s Mobility Cloud services will provide Turo
customers in Los Angeles, San Francisco, California, Washington
D.C. and Newark, New Jersey an enhanced vehicle pick-up and
drop-off through DropCar’s software and managed services
platforms.
CEO Spencer Richardson stated, “We are excited to work with
Turo, a true leader in the sharing economy and proud to have them
utilize DropCar’s Mobility Cloud technology and managed services
platform to enhance the experience of consumers in their
marketplace.”
Launched in 2010, Turo is a car sharing marketplace where guests
can book any car they want, wherever they want it, from a vibrant
community of local hosts across the US, Canada, the UK, and
Germany. Guests choose from a unique selection of nearby cars,
while hosts earn extra money to offset the costs of car ownership.
A pioneer of the sharing economy and travel industry, Turo is a
safe, supportive community with more than 350,000 vehicles listed
and over 850 unique makes and models.
“We look forward to working with DropCar and are excited to
deploy their technology to enhance vehicle delivery on our
marketplace,” added Doug Watt, VP Operations of Turo.
Turo hosts can request DropCar’s vehicle pick-up and drop-off
services via Turo’s host tools webpage. The rates range from $35 to
$49 per hour and only require a 24 hour advance notice, allowing
for Turo hosts to have more availability and flexibility in their
Turo trips schedule.
David Newman, DropCar Chief Business Development Officer, added,
“DropCar’s last mile logistics platform will provide Turo hosts a
convenient option for getting their unique vehicle to a guest.”
About DropCar
DropCar’s mission is to power the next generation of mobility by
bringing automotive based products and services to everyone’s front
door. DropCar’s core Mobility Cloud platform and driver network
helps fleet owners, dealers, OEMs, retailers, and shared mobility
companies manage their last mile logistics and launch new consumer
services. DropCar’s consumer mobile app (on IOS & Android)
helps busy urbanites reduce the overhead of owning a car in the
city while unlocking its full potential, at the tap of a
button.
Learn more at https://drop.car/.
Forward-Looking Statements
This press release contains “forward-looking statements” that
involve substantial risks and uncertainties for purposes of the
safe harbor provided by the Private Securities Litigation Reform
Act of 1995. All statements, other than statements of historical
facts, included in this press release regarding strategy, future
operations, future financial position, future revenue, projected
expenses, prospects, plans and objectives of management are
forward-looking statements. Such statements are based on
management’s current expectations and involve risks and
uncertainties. Actual results and performance could differ
materially from those projected in the forward-looking statements
as a result of many factors, including, without limitation, the
ability to project future cash utilization and reserves needed for
contingent future liabilities and business operations, the
availability of sufficient resources of the company to meet its
business objectives and operational requirements and the impact of
competitive products and services and technological changes. The
foregoing review of important factors that could cause actual
events to differ from expectations should not be construed as
exhaustive and should be read in conjunction with statements that
are included herein and elsewhere, including the risk factors under
the heading “Risk Factors” in DropCar’s filings with the Securities
and Exchange Commission. Except as required by applicable law,
DropCar undertakes no obligation to revise or update any
forward-looking statement, or to make any other forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190114005227/en/
DropCar Business Development InquiriesDavid
Newmancontact@DropCar.com(646) 342-1595DropCar Investor
RelationsSpencer Richardsonir@DropCar.com(646) 916-4595For
DropCar press inquiries, contact press@DropCar.comFor Turo press
inquiries, contact press@turo.com
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