Free2move Powered by DriveItAway
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DriveItAway Holdings Transitions to OTCID™ and Accelerates National Scale with Free2move — Launches 19 New Cities, Expands to 40 U.S. Markets
Globenewswire· 2026-03-31 12:40
Core Insights - DriveItAway Holdings, Inc. has transitioned to the OTCID™ Basic Market, enhancing its disclosure standards and expanding its operational footprint to 40 major U.S. metropolitan markets within 15 months [1][2][3] Company Developments - The transition to OTCID reflects the company's commitment to transparency and improved public disclosures, which are expected to enhance market integrity and investor confidence [3] - The CEO emphasized that this transition is a significant step in the company's evolution as a public entity, aligning with its rapid national expansion strategy [4] Expansion Strategy - DriveItAway has launched operations in 19 additional metropolitan markets, following a previous rollout of eight new cities in January [5][6] - The expansion is supported by the Free2move Powered by DriveItAway platform, which allows franchise dealers to serve credit-challenged consumers through flexible lease subscription programs [5][12] Market Positioning - The company is positioned for accelerated growth, with a scalable dealer-centric model and infrastructure aligned with Stellantis, indicating a strong potential for continued expansion throughout 2026 [8] - Key growth drivers include increasing dealer adoption, regional demand, and the rising popularity of flexible mobility models [12] Industry Engagement - DriveItAway leadership will participate in industry events, such as the Used Car Industry Summit, to enhance visibility and market leadership [9]
DriveItAway Holdings Accelerates National Scale with Free2move - Launches 8 New Cities in January, Now Operating in 21 Major U.S. Markets
Globenewswire· 2026-01-26 13:30
Core Insights - DriveItAway Holdings, Inc. is expanding its operations rapidly, launching in eight additional major U.S. markets, bringing its total to twenty-one active metropolitan regions within just over twelve months [1][2][9] - The expansion is part of a strategic roadmap aimed at building a NASDAQ-tier platform by 2026, leveraging a co-branded mobility platform developed in partnership with Stellantis' Free2move [1][6] Expansion Strategy - The recent expansion follows a December rollout of nine new cities, indicating a strong growth trajectory in the flexible mobility sector [2][9] - DriveItAway's service model aims to eliminate traditional barriers such as down payments and credit thresholds, facilitating easier access to vehicle ownership [3][4] Infrastructure and Technology - The company utilizes an industrial-scale SaaS infrastructure to automate dealer inventory feeds and consumer demand, enhancing operational efficiency [3][4] - DriveItAway's proprietary architecture and telematics-driven risk management support immediate transportation access while creating pathways toward ownership [4][11] Market Positioning - The expansion reflects a deliberate strategy to establish a national mobility infrastructure rather than merely pilot programs, positioning DriveItAway as a leader in flexible lease and subscription-to-ownership mobility [5][6] - The partnership with Free2move integrates DriveItAway's technology with Stellantis' global mobility infrastructure, enabling a dealer-led national deployment [12] Future Outlook - DriveItAway anticipates continued expansion into additional U.S. markets throughout 2026, driven by dealer participation and consumer demand for flexible mobility models [10] - The company is focused on disciplined growth and infrastructure scale, which are essential for building a durable, institutional-grade company [6][9]
DriveItAway and Free2move Launch National Partnership to Revolutionize Vehicle Access and Supercharge Dealer Profitability
Globenewswire· 2025-07-22 12:00
Core Insights - DriveItAway Holdings, Inc. has partnered with Free2move to launch "Free2move Powered by DriveItAway," aiming to transform dealerships into next-generation mobility hubs [1][6] - The collaboration integrates DriveItAway's lease-to-own subscription platform with Free2move's mobility expertise, providing a seamless app-based experience for customers [2][4] Group 1: Partnership Overview - The partnership allows franchise dealers to offer flexible lease-to-own programs without credit checks, down payments, or long-term commitments [6][7] - Dealers can provide vehicle access by the minute, day, week, or month through a co-branded app, enhancing their service offerings [7] Group 2: Market Impact - This initiative is expected to help dealers capture new customers, increase service revenue, and compete with rental and subscription companies in the flexible-use market [6][7] - The partnership targets consumers and businesses traditionally served by rental car and subscription companies, aiming to reclaim lost market share for dealerships [7] Group 3: Technological Integration - DriveItAway's proprietary platform includes advanced customer scoring and a "Savings-to-Ownership" pathway, facilitating seamless integration with dealer digital front ends [4] - Returned vehicles will be re-entered into a new short-term lease model via Free2move, maximizing utilization and profitability for dealers [7]