HyreCar Expands Partnership with AmeriDrive and Cogent Bank to Drive Vehicle Supply on its Platform

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Nov 04, 2021

HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, food, and package delivery services, today announced an expanded strategic partnership to significantly increase car supply in key markets on the HyreCar platform. The formal partnerships include AmeriDrive Holdings, a leading automotive mobility fleet manager, and Cogent Bank’s Specialty Finance Group. Cogent has agreed to expand its lending capacity so that AmeriDrive can continue to build its fleet exclusively on the HyreCar platform. This fleet will include electric vehicles in key markets which builds on a strategic commitment of HyreCar to provide EV cars to rideshare and delivery drivers in the United States.