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DriveItAway Holdings Ignites National Scale with Free2move and Launches 9 New Cities in December - DriveItAway Holdings (OTC:DWAY)
Benzinga· 2025-12-23 13:30
Core Insights - DriveItAway Holdings, Inc. is expanding its service footprint to nine major U.S. cities as part of a joint mobility program with Free2move, enhancing accessibility to flexible lease-to-own automotive solutions [1][2] - The expansion aims to make mobility accessible to individuals who cannot meet traditional financing requirements, with a focus on no down payment, no minimum credit score, and no long-term lease commitments [2] - The partnership with Free2move is expected to facilitate a national rollout, leveraging a dealer network to bridge the gap in accessible mobility [2][7] Expansion Details - The new markets for DriveItAway's flexible lease/subscription service include Miami, Fort Lauderdale, Orlando, Tampa, Key West, Minneapolis/St. Paul, Denver, St. Louis, and Los Angeles [6] - The company plans to continue expanding into additional U.S. cities in 2026, driven by dealer participation and regional demand [4] Strategic Partnerships - The collaboration with Free2move integrates flexible lease-to-own technology with aligned supply, enabling a national rollout through franchise dealerships [7] - Free2move, a subsidiary of Stellantis, provides the necessary industrial scale and expertise to support DriveItAway's accelerated growth [1][7] Leadership and Advisory Board - DriveItAway has strengthened its Board of Advisors by adding members with extensive experience in retail, rental, and capital markets, which will support the company's growth and operational discipline [7] Market Positioning - DriveItAway is positioned as a national dealer-focused mobility platform, enabling franchise dealers to sell more vehicles through an exclusive lease-to-own, app-based subscription model [5]