A car-sharing marketplace for ride-sharing, HyreCar through their DriveItAway program have entered into a partnership with PassTime, a top provider of GPS services. This new partnership will give advanced car asset tracking and management to dealer as well as fleet managers who are utilizing mobility as a service using the HyreCar platform.
HyreCar is the first platform to enable automotive retailers with a turnkey, cost effective tool allowing dealers to easily enter and learn the MaaS business. This gives dealers the opportunity to profit from the growing need for vehicles of rideshare drivers, while simultaneously giving rideshare drivers a “Path to Ownership” for a vehicle purchase. DriveItAway’s “Drive for Your Down Payment” program provides ridesharing drivers the ability to earn a down payment for their vehicle through driving for ridesharing services like Uber and Lyft, through dealer rentals.
“As we see an increasing demand in the ‘Path to Ownership’ program through our partnership with DriveItAway, it became clear that our dealer partners needed access to a more comprehensive MaaS solution with asset tracking and management,” said Joe Furnari, CEO of HyreCar. “As one of the leaders in telematics for over 25 years, PassTime was a natural fit to give our dealers the leveraged advantage that they need to maximize opportunities in this space.”
PassTime has set up a special-order portal for DriveItAway - HyreCar dealers to procure vehicle telematics units, and will be integrating all of the PassTime telematics services within its dealer focused vehicle administration platform for easy vehicle specific applications.
“PassTime is excited to enter the emerging Shared Mobility market through its strategic partnership with DriveItAway and HyreCar,” says Kevin Carr, VP of Financial Service at PassTime. “We look forward to providing dealers with a turnkey solution, leading the way through the application of our telematics innovations.”
Edited by M. Hunt
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.