DropCar Expands Mobility Logistics Service to Los Angeles
August 16 2018 - 7:00AM
DropCar Inc.(NASDAQ: DCAR), a provider of app-based mobility
services and logistics software-as-a-service (SaaS) for automotive
consumers and enterprises, announced today it is expanding into Los
Angeles (LA), California. The initial focus will be on vehicle
movements and logistics for the car-sharing unit of one of
DropCar’s Tier One automotive partners.
DropCar’s services will play a crucial supporting role for the
wide range of new transportation options coming to car-centric Los
Angeles, from ride-hailing and mobile maintenance, to luxury
vehicle subscriptions. As more people enjoy the convenience
of these services the companies that provide them are discovering a
new set of logistics challenges that can only be addressed by
pairing advanced data analytics, machine learning and teams of
highly trained drivers.
“For every new mobility service there needs to be a bedrock
logistics platform that ensures vehicles get to where they need to
be,” said Spencer Richardson, co-founder and CEO of DropCar.
“DropCar not only provides the technology, but also the drivers and
service to make sure vehicles are delivered efficiently and on
time.”
In addition to working closely with its new corporate partner,
DropCar will be marketing its VAL (Vehicle Assistance &
Logistics) and Mobility Cloud platforms to Los Angeles-area auto
dealerships, fleet managers, and other next generation mobility
service providers.
DropCar’s VAL platform is a turnkey vehicle logistics system
that deploys advanced analytics to dispatch professionally-trained
and insured drivers to pick up and deliver vehicles wherever
dealerships, car rental companies, car sharing operators, vehicle
subscription programs and other fleet operators need them.
DropCar’s Mobility Cloud is a software-as-a-service (SaaS)
version of the VAL platform that allows customers to access
DropCar’s cloud-based back-end, mobile app, client interaction
dashboard, vehicle tracking, analytics and other services while
utilizing their own staff of drivers for vehicle pickup and
delivery.
“DropCar’s mission is to power the next generation of mobility,”
said Richardson. “There is no better place than Los Angeles to
demonstrate how our advanced vehicle logistics services will be
indispensable for companies that want to thrive in a future of new
transportation habits and car ownership models.”
About DropCarFounded and launched in New York
City in 2015, DropCar (DCAR) offers its Vehicle Support Platform
(VSP), a cloud-based platform and mobile apps that help consumers
and automotive-related companies reduce the cost, hassles and
inefficiencies of owning a car, or fleet of cars, in urban centers.
Consumers use DropCar’s mobile app to ease the cost and stress of
owning a car in the city. Dealerships, fleet owners, 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.
Investor Relations Contact
Daniel Gelbtuch, VP of Corporate Finance for DropCar
daniel@dropcar.com (917) 509-9582
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