DWAY

DriveItAway Holdings, Inc. Secures Credit Line for 2 Million Dollars in Financing From Industry Leader to Accelerate Growth

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金曜日, 5月 3, 2024
EVS, Ability, Partner, OTC, Drive, Traction, Partnership, Employment, Transport, Digital, Credit history, EV, Holding, Regardless, DWAY, Growth, Unique, Car rental

The Philadelphia-based company will use the capital to accelerate growth, particularly in its electric car fleet, to get more EVs and PHEVs into the hands of regular people who can most use the advantages of lower fuel and maintenance costs that electric vehicles provide.

Key Points: 
  • The Philadelphia-based company will use the capital to accelerate growth, particularly in its electric car fleet, to get more EVs and PHEVs into the hands of regular people who can most use the advantages of lower fuel and maintenance costs that electric vehicles provide.
  • “With this credit line and participation from car dealers, our intention is to substantially expand our business with a rapidly growing fleet of quality internal combustion and new EV vehicles.
  • The resulting positive response and demand for the DriveItAway program following the announcement nationwide has been overwhelming, requiring more vehicles on the platform, and the company is now encouraging dealers to work with the company to supply vehicles.
  • In addition, DriveItAway announced last week that the DriveItAway SaaS micro-lease retail app and platform was available for all car dealers nationwide to use, with credit lines offered by Westlake Fleet, part of Westlake Financial, for dealers who want to scale and expand sales, market share and profits.

DriveItAway Micro-Lease App and Platform Now Available for Car Dealers with Credit Line Options Provided by Westlake Fleet

Retrieved on: 
水曜日, 4月 24, 2024
Turnkey, Ability, Partner, OTC, Traction, Partnership, Transport, Software as a service, Nation, Credit history, Regardless, DWAY, Vehicle, Car rental

The resulting positive response and demand for the DriveItAway program following the announcement nationwide has been overwhelming, requiring more vehicles on the platform for customers, and the company is now encouraging dealers to partner up and use its app and platform as a SaaS, offering the DriveItAway micro-lease program to satisfy this demand, and their own showroom customers who may not meet down payment or credit requirements for conventional vehicle financing.

Key Points: 
  • The resulting positive response and demand for the DriveItAway program following the announcement nationwide has been overwhelming, requiring more vehicles on the platform for customers, and the company is now encouraging dealers to partner up and use its app and platform as a SaaS, offering the DriveItAway micro-lease program to satisfy this demand, and their own showroom customers who may not meet down payment or credit requirements for conventional vehicle financing.
  • A critical element for a dealer to use the DriveItAway SaaS platform and benefit from the national demand is fleet financing, while the cars are on the micro-lease program paid for by the driver.
  • Westlake Fleet, part of Westlake Financial, now will provide funding options to DriveItAway SaaS platform dealers allowing for easy scale and implementation.
  • Adds Possumato, “vital to dealers who want to expand sales and market share with the DriveItAway program is vehicle credit line funding to scale in volume, and there is no better national company to do this than Westlake Fleet, part of Westlake Financial, the leader in the industry – we are very proud today to announce Westlake Fleet credit line options to our dealers for our DriveItAway Micro-Lease Program”

John F. Possumato to Speak on “Discovering the Future of Super Apps” at the FTT Embedded Finance & Super Apps Conference in San Francisco

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火曜日, 11月 21, 2023
Conference, Fintech, Software as a service, Learning, DWAY, Customer, E-commerce, OTC, KCD, EV, Mobile phone

PHILADELPHIA, Nov. 21, 2023 (GLOBE NEWSWIRE) -- John F. Possumato, Founder and CEO of DriveItAway Holdings, Inc. (“ DriveItAway ”), (OTC Marketplace: DWAY), will be speaking at the annual FTT Embedded Finance & Super Apps Conference , where the most advanced disruptive community of retailers, manufacturers, insurers, telcos, financial institutions, fintech and tech innovators meet to present and discuss game changing advances in the interconnected world of embedded apps.

Key Points: 
  • PHILADELPHIA, Nov. 21, 2023 (GLOBE NEWSWIRE) -- John F. Possumato, Founder and CEO of DriveItAway Holdings, Inc. (“ DriveItAway ”), (OTC Marketplace: DWAY), will be speaking at the annual FTT Embedded Finance & Super Apps Conference , where the most advanced disruptive community of retailers, manufacturers, insurers, telcos, financial institutions, fintech and tech innovators meet to present and discuss game changing advances in the interconnected world of embedded apps.
  • Produced by VC Innovations, and held December 6-7, in San Francisco, California, this conference is collocated with the Customer Alpha and Future Identity Customer conferences, bringing together a group of speakers and attendees who share a passion for understanding how to delver the best outcomes for customers, with technology innovation.
  • Today financial services are increasingly provided outside of traditional financial institutions.
  • The FTT Embedded Finance & Super Apps bring together the players who are winning the hearts and minds of businesses and customers.

John F. Possumato Featured on WardsAuto Podcast: “Getting Consumers into EVs Via Rent-to-Own”

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木曜日, 11月 16, 2023
Sale, Spotify, PHEV, Apple Podcasts, DWAY, EVS, Pew Research Center, Ford Motor Company, General Motors, Managing editor, EV, OTC, Fireworks

PHILADELPHIA, Nov. 16, 2023 (GLOBE NEWSWIRE) -- John F. Possumato, Founder and CEO of DriveItAway Holdings, Inc. (“ DriveItAway ”), (OTC Marketplace: DWAY), is a featured guest on the WardsAuto Podcast, hosted by long time auto industry veteran and Senior Editor, WardsAuto David Kiley, as they talk about the automotive retail, vehicle affordability, EVs, and “what it will take to move the iron” (internal combustion or electric propulsion).

Key Points: 
  • PHILADELPHIA, Nov. 16, 2023 (GLOBE NEWSWIRE) -- John F. Possumato, Founder and CEO of DriveItAway Holdings, Inc. (“ DriveItAway ”), (OTC Marketplace: DWAY), is a featured guest on the WardsAuto Podcast, hosted by long time auto industry veteran and Senior Editor, WardsAuto David Kiley, as they talk about the automotive retail, vehicle affordability, EVs, and “what it will take to move the iron” (internal combustion or electric propulsion).
  • The WardsAuto Podcast, “Getting Consumers into EVs Via Rent-To-Own” can be found here and the WardsAuto podcast can be subscribed to on Apple Podcasts, Spotify and other platforms.
  • Mr. Possumato outlines how the unique DriveItAway consumer app and platform was designed for dealers to allow a consumer to first try, and then buy an EV/PHEV vehicle, without a long-term financial commitment, a key in relieving a potential buyer’s apprehension in getting into an EV/PHEV.
  • A franchise dealer owner veteran, Possumato earlier in his career helped to design the dealer based national small fleet programs for Ford Motor Company and General Motors.

DriveItAway Holdings, Inc. and Partners Personnel Join Forces

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水曜日, 6月 21, 2023
Maintenance, Partnership, Partner, Workplace, DWAY, Organization, SIA, OTC, Region, Transport, Environment, Renewable energy

DriveItAway and Partners Personnel identified a common obstacle facing today’s competitive job market: a lack of reliable transportation that leads to job dissatisfaction and increased turnover rates.

Key Points: 
  • DriveItAway and Partners Personnel identified a common obstacle facing today’s competitive job market: a lack of reliable transportation that leads to job dissatisfaction and increased turnover rates.
  • "We are delighted to join forces with DriveItAway to address a significant challenge faced by our associates – reliable transportation," said Kristy Gebhart, Regional Vice President, and Chair for the Associate Resource Committee at Partners Personnel.
  • Through this collaboration, Partners Personnel creates a work environment that not only addresses its associates' immediate needs but fosters long-term career stability and satisfaction.
  • For more information about the partnership between DriveItAway and Partners Personnel, please visit https://www.driveitaway.com/partners-personnel-program/ or contact DriveItAway at 989 373-8644.

DriveItAway Holdings, Inc. Partners with Perks at Work to Offer EV Subscription to Ownership to Fortune 1000 Companies

Retrieved on: 
水曜日, 3月 15, 2023
DWAY, The Home Depot, EV, Partnership, Work, Travel, Starbucks, Workplace, OTC

PHILADELPHIA, March 15, 2023 (GLOBE NEWSWIRE) --  DriveItAway Holdings, Inc. (“DriveItAway”), (OTC Marketplace: DWAY), an industry leader in automotive industry new mobility platforms with its unique subscription to purchase technology, is excited to announce its partnership with the leading workplace perks provider, Next Jump and its Perks at Work platform. Perks at Work helps 70% of the Fortune 1000 companies benefit employees by providing exclusive discounts in areas ranging from travel to everyday essentials, including automotive needs. Perks at Work counts Google, Starbucks, and The Home Depot among their employer partners.

Key Points: 
  • Perks at Work helps 70% of the Fortune 1000 companies benefit employees by providing exclusive discounts in areas ranging from travel to everyday essentials, including automotive needs.
  • Perks at Work counts Google, Starbucks, and The Home Depot among their employer partners.
  • Now millions of Perks at Work members will get access to vehicles on DriveItAway’s unique “Drive Now, Decide Later” vehicle subscription to ownership program.
  • Combining the benefits of a rental, a lease and a purchase, members can now choose a vehicle on the app to drive and then buy the vehicle of their choice.