HyreCar Partners with Spring Free EV to Dramatically Expand Availability of Electric Vehicles on its Platform Through Innovative Financing for Fleet Owners
November 17 2021 - 9:00AM
Business Wire
HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for
ridesharing and delivery services, today announced a partnership
with Spring Free EV, Inc., a financial technology company built to
accelerate the adoption of electric vehicles (EVs) through
innovative fintech products, to significantly increase the
availability and utilization of EVs on the HyreCar carsharing
platform. Now, rental fleet operators and even would-be
entrepreneurs have simple, low-cost and hassle-free access to
financing options to expand or upgrade and future-proof their fleet
with in-demand EVs for ridesharing rentals.
Sunil Paul, CEO, Spring Free EV, and “the pioneer of
ridesharing” stated, “Climate impact is Spring Free EV’s number one
driver. We estimate that deployment of 100 million electric
vehicles over the next 10 years will get us to one gigaton of
emissions reduction. There's an opportunity for innovations in
finance and technology to radically transform what’s happening with
the adoption of electric vehicles and transform what’s possible
with solutions to climate. We’re excited that our partnership will
accelerate EV adoption on HyreCar’s marketplace by making EVs more
accessible and affordable.”
“The Spring Free EV and HyreCar partnership addresses both
companies’ collective goal to reduce greenhouse gas emissions by
making EV access fast, easy and affordable for fleet managers,”
said Mike Furnari, Chief Business Development Officer at HyreCar.
“Leveraging innovative financing from Spring Free EV for fleet
operators will reduce the biggest barrier to EV adoption – high
upfront costs. The partnership is expected to accelerate the growth
of EVs in the HyreCar marketplace.”
“Partnering with Spring Free EV is a win-win for both of our
customer segments,” said Joe Furnari, HyreCar CEO. “Increasing
commercial adoption of EVs through Transportation as a Service
opportunities is a large part of our strategy for 2022 and beyond.
This partnership will round out the EV value proposition for fleet
owners with easy, low-cost financing and a fast path to acquiring
high-demand EV inventory.”
The HyreCar and Spring Free EV collaboration makes it easy for
fleet owners to upgrade or expand their fleet to the future of
electrification. With no leases, no long-term loans, no personal
credit or guarantees required and monthly rates as low as $299/mo.
plus .12/mile, owning and renting EVs on the HyreCar platform has
never been easier. HyreCar owners who are interested in expanding
their fleet with EVs and entrepreneurs looking for passive income
can visit https://www.hyrecar.com/ev to learn more and begin the
simple and affordable process of “greening and cleaning” their
fleet.
About HyreCar
HyreCar Inc. (NASDAQ: HYRE) is a national carsharing marketplace
for ridesharing, food, and package delivery via its proprietary
technology platform. The Company has established a leading presence
in Mobility as a Service (MaaS) through individual vehicle owners,
dealers, rental agencies, and OEM’s that wish to participate in new
mobility trends. By providing a unique opportunity through our
safe, secure, and reliable marketplace, HyreCar is transforming the
industry by empowering all to profit from Mobility as a Service.
For more information, please visit hyrecar.com.
About Spring Free EV
Spring Free EV is a financial technology company built to
accelerate the adoption of electric vehicles (EVs) through
innovative fintech products. We have the bold mission to reduce CO2
emissions by one gigaton by 2030 through a new vehicle financing
approach that makes EVs more accessible to everyone. Spring Free EV
was co-founded by Sunil Paul, Martin Lagod, and Cassandra John in
2021 and is backed by leading investors Reid Hoffman, Mark Pincus,
Ev Williams, and others. Learn more at www.springfreeev.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211117005508/en/
Media Contacts: Allie Potter Skyya PR for HyreCar
allie@skyya.com
Spring Free EV contact@springfreeev.com
Investors: Scott Arnold CORE IR scotta@coreir.com
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