DropCar Partners with Volvo Cars Manhattan
July 10 2018 - 7:00AM
DropCar Inc. (NASDAQ:DCAR), the provider of app-based mobility
services and logistics for automotive consumers and enterprises,
today announced a new agreement with Volvo Cars 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 Volvo Cars 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 200
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.
“Volvo Cars Manhattan is committed to offering our customers the
best and most convenient options when it comes to car service,”
said John Kaufman, vice president of Volvo Cars Manhattan. “The VAL
platform developed by DropCar helps our service teams give
customers a smooth, high-quality experience that builds loyalty and
trust.”
Volvo Cars Manhattan joins a growing list of dealers in the
Tri-State area that have licensed DropCar’s enterprise VAL
platform, including: Manhattan Motorcars, Jaguar Land Rover
Manhattan, Lexus of Manhattan, Lexus of Queens, Mercedes Benz of
Manhattan, Toyota of Manhattan and Queensboro Toyota.
The announcement also comes on the heels of DropCar’s expansion
nationwide. In June, the company released DropCar Mobility Cloud, a
version of the VAL platform that allows any dealership to take
advantage of DropCar’s advanced logistics software by using their
own personnel for vehicle pickup and delivery. The company also
recently began new operations in San Francisco and Washington,
D.C., offering the VAL platform to auto-dealerships, rental
companies and car sharing brands.
“We are excited to bring our platform to the great team at Volvo
Cars Manhattan,” said Spencer Richardson, chief executive officer
of DropCar. “With the touch of a button, their customers will now
be able to schedule maintenance, track progress, and build
long-term relationships with their dealer service department.”
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