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HyreCar and Clutch Technologies Partnership Delivers Automotive Industry’s First Comprehensive Shared Fleet and On-Demand Mobility Solution

February 10, 2020 GMT

LOS ANGELES--(BUSINESS WIRE)--Feb 10, 2020--

HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, today announced a partnership with Clutch Technologies, a Cox Automotive brand and the pioneer of subscription and mobility services software for the automotive industry. Together, HyreCar and Clutch will bring to market an industry-first mobility solution enabling shared fleet offerings paired with on-demand. This powerful collaboration provides dealers, OEMs and other providers with an all-inclusive solution to leverage the shift from automotive ownership to access and consumer demand for mobility alternatives.

Dealerships currently using Clutch can seamlessly integrate vehicle inventory on the HyreCar platform, connecting them directly with rideshare drivers to earn incremental recurring revenue. In turn, HyreCar’s dealer clients will be able to utilize Clutch’s industry-leading subscription software that powers a variety of convenient consumer-centric transportation solutions, such as Single Vehicle Subscription and Service Pickup and Delivery.

AmeriDrive, operator of one of the largest subscription fleets in North America, is the partnership’s first mutual customer. With HyreCar and Clutch, AmeriDrive provides an alternative to vehicle ownership, enabling customers to select the vehicle, payment and term most suitable for their needs, including both gig options and affordable subscription alternatives. This joint offering will also help AmeriDrive more efficiently manage and optimize their fleets using real-time visibility into consumer driving patterns.

“We’re constantly innovating in order to provide the automotive industry with a variety of diverse mobility solutions,” said Vince Zappa, president of Clutch Technologies. “Our partnership with HyreCar helps us address market needs by leveraging its unique solution to enable dealers and others to capitalize on the strong vehicle demand driven by gig economy drivers for ridesharing and delivery services.”

“Partnering with Clutch allows us to work with one of the most innovative companies in the automotive industry,” said Joe Furnari, CEO of HyreCar. “HyreCar will be leveraging technologies built by Clutch and backed by the resources of Cox Automotive. This powerful alliance will allow HyreCar and Clutch to expand services to the dealer community at scale.”

About HyreCar

HyreCar Inc. (NASDAQ: HYRE) is a nationwide leader operating a carsharing marketplace for ridesharing in all 50 states via its proprietary technology platform. The Company has established a leading presence in Transportation as a Service (TaaS) through individual vehicle owners, dealers and OEM’s, who have been disrupted by automotive asset sharing. By providing a unique opportunity through our safe, secure, and reliable marketplace, HyreCar is transforming the industry by empowering all to profit from TaaS. For more information please visit hyrecar.com.

About Clutch Technologies

Clutch Technologies is the leader in subscription and mobility services software to the automotive industry. Utilizing Clutch’s end-to-end platform, automotive dealers, OEM’s, car rental companies and fleet operators can increase asset utilization, offer new revenue streams and deliver innovative consumer experiences. Clutch, a Cox Automotive brand, is recognized as a pioneer in the subscription category and has been chosen, trusted and recommended by more than 200 dealer rooftops and nearly 20 OEM brands across the U.S., Canada and Germany. Learn more about Clutch at www.driveclutch.com.

About Cox Automotive

Cox Automotive Inc. makes buying, selling, owning and using cars easier for everyone. The global company’s 34,000-plus team members and family of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five countries and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with revenues exceeding $20 billion.

www.coxautoinc.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20200210005282/en/

CONTACT: Denise Blasevick

HyreCar Public Relations

press@hyrecar.com

973.257.5538John Evans

HyreCar Investor Relations

j.evans@hyrecar.com

415.309.0320Kelly Buday

Clutch Technologies

kelly@driveclutch.com

678.978.5429Andrew Nicolai

Cox Automotive Mobility Group

andrew.nicolai@coxautoinc.com

949.293.5241

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE MEN PERFORMANCE & SPECIAL INTEREST MOBILE/WIRELESS DATA MANAGEMENT CONSUMER GENERAL AUTOMOTIVE TECHNOLOGY AUTOMOTIVE PUBLIC RELATIONS/INVESTOR RELATIONS WOMEN COMMUNICATIONS OTHER AUTOMOTIVE

SOURCE: HyreCar Inc.

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PUB: 02/10/2020 09:00 AM/DISC: 02/10/2020 09:01 AM

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