From GlobeNewswire: 2024-05-03 08:09:00

DriveItAway Holdings, Inc. secures $2 million in credit funding to help provide affordable personal transportation solutions to entry-level employees in the U.S. by enabling them to drive and purchase quality vehicles on a digital micro-lease platform. The funding, led by Auto Leasing II LLC, will support DriveItAway’s expansion and partnership with Partners Personnel to offer micro-leases to over 20,000 employees nationwide. The company aims to grow its electric vehicle fleet to meet the increasing demand and make EVs more accessible to the general public. This initiative addresses the transportation challenges faced by many entry-level workers and aims to bridge the gap in personal mobility.

DriveItAway Holdings, Inc. is a national dealer-focused mobility platform that helps car dealers increase sales through eCommerce. The company’s “Pay as You Go” subscription model allows dealerships to sell vehicles seamlessly and profitably online. DriveItAway is also introducing a new subscription to ownership micro-lease platform, enabling all consumers to drive and acquire new electric vehicles through its “EVs for Everyone” initiative. This innovative approach to car ownership aims to make electric vehicles more accessible and affordable to a wider range of customers.



Read more at GlobeNewswire: DriveItAway Holdings, Inc. Secures Credit Line for 2