DriveItAway Holdings, Inc (OTC – GuruFocus.com

“Whereas we give attention to entry degree EV automobile enablement, we acknowledge that there’s demand proper now for our quick & straightforward subscription with non-obligatory possession program for luxurious automobiles just like the Polestar 2,” John F. Possumato, Founder & CEO, DriveItAway Holdings Inc.

PHILADELPHIA, June 01, 2022 (GLOBE NEWSWIRE) — DriveItAway Holdings, Inc. (“DriveItAway”) ( CLCN), the trade chief in automotive vendor new mobility platforms with its revolutionary subscription to buy expertise, based by serial auto retail entrepreneur, John F. Possumato, has launched an electrical automobile subscription to possession program with the Polestar 2, for anybody who want to drive and take a look at a brand new luxurious EV automobile earlier than making a dedication to buy.

“We discovered that many individuals are hesitant to make a dedication to purchase a model new EV,” says John F. Possumato, Founder & CEO of DriveItAway. “We designed this system in order that anybody can instantly drive a Polestar 2 with no dedication to buy, in a quick, straightforward, and cheap manner with the automobile subscription managed fully by way of our cellular app. Flip-key and full, our program consists of insurance coverage, upkeep and supply proper to your door, and, solely with our distinctive program, a portion of subscription charges goes in the direction of the acquisition worth, must you select to purchase the automobile.”

The DriveItAway program supplies new EV producers and legacy OEMs a brand new distribution channel for his or her autos, because it supplies an “infinite check drive” to a full vary of customers, from entry degree to luxurious patrons, to fulfill a market that’s “EV curious” however doesn’t need to make an instantaneous dedication to buy. The motive force has the correct, however not the duty, to purchase the automobile she or he is driving, with cash paid in, given again as a bonus coupon in the direction of the acquisition.

Person Experiences – Proper for the Setting & Private Funds

Elena Ciccotelli, Automotive Partnerships Supervisor at Lyft, who not too long ago selected a brand new DriveItAway Polestar 2 on this system, additionally discovered an extra profit to the method. “Used automotive values are sky excessive proper now, so I used to be wanting to promote my used automotive for high greenback,” Ciccotelli says, “however I didn’t need to purchase a brand new automobile proper now throughout the automotive scarcity, with restricted choice and excessive costs; additionally I very a lot help Lyft’s pledge to be 100% EV by 2030, so I made the dedication that my subsequent automobile could be EV zero emissions.”

Ciccotelli provides, “The DriveItAway app checked off all the bins, it provides me a brand new Polestar 2 EV instantly, with no dedication, to drive so long as I like, with the choice to purchase with the cash I paid in – it really looks like the most effective of every little thing, and gave me the flexibility to promote my used automotive at high greenback in the present day – it’s a good way to get inexperienced by going inexperienced.”

Driving with out Automobile Debt or Lengthy Time period Obligations

Matthew DeSantis, a current school graduate, had a distinct however related manner of being each environmental and financially accountable. “My schooling was costly, and I’ve loads of scholar debt, so whereas I want a automotive proper now to get to work, the very last thing I want is extra debt to purchase a automotive, particularly in the present day with the present document excessive costs,” says DeSantis. “On the identical time, I needed to go inexperienced as zero emissions is essential to me.” DeSantis confirms, “DriveItAway was the most effective different with no long run monetary dedication – good for me.”

DriveItAway Subscription with Elective Buy, the Program for US EV Adoption

DriveItAway’s EV subscription program is now beginning within the higher Philadelphia/New Jersey space with the Polestar 2, however will quickly supply a full vary of EVs, together with Chevrolet Bolt/Bolt EUVs, Nissan Leafs and even Ford Escape Plug In Hybrids, all through america. DriveItAway’s distinctive ‘EVs for Everybody’ program is the right “automobile” to cut back the limitations to EV adoption for all drivers, good for people who find themselves focused on an EV, however are delay by the upper preliminary value as in comparison with a fuel automobile or are involved about suitability and vary anxiousness.

“The long run is zero emission autos,” Possumato concludes, “and the way forward for shopper EV adoption is propelled by a versatile subscription with non-obligatory possession, with the cash paid in utilized in the direction of the acquisition.”

About DriveItAway

DriveItAway is the primary nationwide vendor centered mobility platform that permits automotive sellers to promote extra autos in a seamless manner by way of eCommerce, with its unique “Pay as You Go” app-based subscription program. DriveItAway supplies a complete turn-key, options pushed program with proprietary cellular expertise and driver app, insurance coverage coverages and coaching to get dealerships up and operating shortly and profitably in rising on-line gross sales alternatives. The corporate is now introducing its ‘subscription to possession’ platform to allow all customers to drive and purchase new Electrical Automobiles with its “EVs for Everybody” initiative. For additional data, please see www.driveitaway.com.

Cautionary Assertion Relating to Ahead-Wanting Statements

This press launch might comprise forward-looking statements throughout the which means of the federal securities legal guidelines. Ahead-looking statements relate to expectations, beliefs, projections, future plans and techniques, anticipated occasions or developments and related expressions regarding issues that aren’t historic details. In some circumstances, you’ll be able to determine forward-looking statements by way of forward-looking terminology akin to “might,” “will,” “ought to,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the adverse of those phrases and phrases or related phrases or phrases that are predictions of or point out future occasions or developments and which don’t relate solely to historic issues. Ahead-looking statements contain recognized and unknown dangers, uncertainties, assumptions and contingencies, lots of that are past our management, and should trigger precise outcomes to vary considerably from these expressed in any forward-looking assertion. All forward-looking statements mirror our good religion beliefs, assumptions and expectations, however they aren’t ensures of future efficiency. We warning buyers to not unduly depend on any forward-looking statements. The forward-looking statements converse solely as of the date of this press launch.

CONTACT INFORMATION:

DriveItAway Holdings, Inc.

John F. Possumato

[email protected]

For additional data, please see:

www.driveitaway.com

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