DropCar Signs New Agreement with Jaguar Land Rover Manhattan
February 20 2018 - 7:00AM
DropCar, Inc. (NASDAQ:DCAR), a provider of app-based automotive
logistics and mobility services for both consumers and dealers,
today announced a new agreement with Jaguar Land Rover Manhattan.
The dealership will use DropCar’s Enterprise Vehicle Assistance
& Logistics technology platform (“VAL”) to automate the pickup
and delivery of customer vehicles for service and maintenance.
DropCar’s VAL service and corresponding data analysis tools
enable Jaguar Land Rover Manhattan to deliver an entirely new and
improved level of service to customers. DropCar’s simple interface
automates the pickup and delivery of customer vehicles by more than
more than 250 professionally trained drivers. It also tracks
vehicle movements as well as repair status. The new level of
customer convenience enables dealers to retain valuable post-sale
service contracts and revenue from their customers.
“As the new owners of Jaguar Land Rover Manhattan, we wanted to
make a bold statement to our customers that we are committed to
offering the highest level of service and convenience,” said Rob
Singh, Vice President of Jaguar Land Rover Manhattan. “DropCar’s
VAL platform makes it a snap for us to take care of our customers’
needs, which helps build long term loyalty as well as referrals for
us.”
Jaguar Land Rover Manhattan is part of a growing constellation
of dealers in the Tri-State area that have licensed DropCar’s
enterprise VAL platform, including: Lexus of Manhattan, Lexus of
Queens, Mercedes Benz of Manhattan, Toyota of Manhattan and
Manhattan Motorcars, Inc.
“We’re thrilled to be working with Rob and the team at Jaguar
Land Rover Manhattan to help them delight their customers by
fulfilling their ongoing vehicle maintenance and service needs with
the tap of an app,” said Spencer Richardson, DropCar Chief
Executive Officer.
About DropCarFounded and launched in New York
City in 2015, DropCar (NASDAQ:DCAR) offers its Vehicle Support
Platform (VSP), a cloud-based platform and mobile app that help
consumers and automotive-related companies reduce the cost, hassles
and inefficiencies of owning a car, or fleet of cars, in urban
centers. Its technology platform blends the efficiency and scale of
cloud computing, machine learning and connected cars with the
high-touch of highly trained valets to move cars to/from fully
staffed, secure garages to/from the people (or businesses) who own
them. Consumers use DropCar’s mobile app to ease the cost and
stress of owning a car in the city. Dealerships, leasing companies,
OEMs and shared mobility companies use DropCar’s enterprise Vehicle
Assistance & Logistics (VAL) platform to reduce costs,
streamline logistics and deepen relationships with customers. More
information is available at www.dropcar.com.
Media ContactJohn Williams, Scoville PR for
DropCarjwilliams@scovillepr.com (206) 625-0075
Investor Relations ContactDaniel Gelbtuch, VP of Corporate
Finance for DropCardaniel@dropcar.com (917) 509-9582
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 combined 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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