DropCar Launches Mobility Cloud
June 13 2018 - 7:00AM
DropCar Inc. (NASDAQ:DCAR), the provider of app-based mobility
services and logistics for automotive consumers and enterprises,
today announced the DropCar Mobility Cloud, a software-as-a-service
(SaaS) version of DropCar’s Enterprise Vehicle Assistance &
Logistics technology platform (“VAL”). This new version allows
customers to access DropCar’s turnkey solution (cloud-based
back-end, mobile app, dashboard & analytics), while utilizing
their own staff/drivers for vehicle pickup and delivery.
DropCar is first making this service available to the automotive
dealership industry, where dealers can optimize the efficiency of
underutilized employees through DropCar’s robust, yet-easy-to-use
platform, and will help maximize Customer Satisfaction (CSI)
scores, increase retention and drive increased utilization of
higher-margin service revenues.
Numerous dealerships, including Jaguar Land Rover Manhattan,
Lexus of Manhattan, Lexus of Queens, Mercedes Benz of Manhattan,
Manhattan Motorcars and Toyota of Manhattan, already utilize a
version of the DropCar VAL platform, where DropCar manages the
entire service, including providing the drivers.
“By making our core logistics service available via the cloud
for dealers with their own staff of drivers, we can meet demand in
all 50 states much faster than deploying our own driver networks
across the country,” said Spencer Richardson, co-founder and CEO of
DropCar. “We’ve heard from so many dealers that want to leverage
their staff as drivers with our advanced logistics that it made
sense from a customer service and growth perspective for us to
configure the VAL service for wider, and more rapid, adoption by
dealerships everywhere.”
Key features include:
- Customer booking web integration Now
customers can schedule their own pick-up and drop-offs through a
dealer website with no complex setup or installation, dramatically
increasing Dealer CSI for scheduled
routine maintenance or more urgent service needs.
- Workforce Optimization: Dealers can
increase efficiency and reduce costs by equipping their team with
DropCar’s customizable workforce optimization application. By
intelligently scheduling tasks across a workforce, DropCar Mobility
Cloud gives dealers the ability to transport, park, maintain,
refuel and wash cars much more efficiently. DropCar Mobility Cloud
also allows dealers to integrate their own staff of drivers into
the platform.
- Real Time Vehicle Tracking: Seeing
every vehicle movement in progress on a single map helps keep
service managers and service representatives in the loop when
communicating with customers. Fully integrated driver
safeguards ensure driver accountability and route
accuracy, saving time and money.
DropCar plans to further customize the DropCar cloud for use in
other industries for different purposes. For instance, real estate
developers could leverage the service to offer high-touch valet
service at locations where parking is scarce: restaurant chains
could streamline the dining experience in cities where parking is
constrained; and automotive manufacturers could streamline the
pickup and delivery of vehicles leased to consumers on subscription
models, to name a few.
“A rapidly growing share of the world’s population expects their
products and services to be delivered to their front door, and
we’re already seeing everyone from traditional automotive
businesses to the hospitality industry head to the whiteboard to
get ahead of this trend,” continued Richardson. “We want the
DropCar Mobility Cloud to be the platform that enables all their
ideas to come to life.”
DropCar will be demonstrating the new service at the NAIDA
Convention & Expo, June 18-21 in Orlando. Dealers who visit the
DropCar booth and sign up for a demo will receive an Echo Dot. More
information, including how to register for a demo of DropCar
Mobility Cloud can be found at https://cloud.drop.car/.
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 drivers 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
platform to reduce costs, streamline logistics and deepen
relationships with customers. More information is available at
www.dropcar.com.
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.
Media Contact
John Williams, Scoville PR for DropCar
jwilliams@scovillepr.com (206) 660-5503
Investor Relations Contact
Daniel Gelbtuch, VP of Corporate Finance for DropCar
daniel@dropcar.com (917) 509-9582
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