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DropCar Expanding Network of Available NYC Garage Spaces Over 2x this Week

NEW YORK--(BUSINESS WIRE)--

DropCar, Inc. (DCAR), a leading provider of cloud-based “last mile” logistics technology, mobility services, and parking solutions for both the automotive industry and consumers, today announced that it has more than doubled the total available inventory for its Self-Park Spaces monthly parking subscription program in NYC.

“We expect that more than doubling our available inventory of premium garage spaces will have a very positive impact on attracting new monthly customers to our Self-Park Spaces program. Spaces are now available in nearly every neighborhood in the city, giving customers the accessibility of a nearby location when they want to manage their car themselves, while still having the benefit of accessing our network of drivers when they want added convenience,” stated DropCar CEO, Spencer Richardson.

Members of DropCar’s Self Park Spaces program receive a monthly parking space, starting as low as $249/month plus tax, and have access to DropCar’s network of in-house drivers that can perform a wide array of services on demand. Services include replacing traditional taxi and e-hailing services (i.e., Uber, Lyft, etc.), utilizing the vehicle owner’s own car for everything from runs to the airport to curbside waiting while running errands, attending events, and meetings.

Additional vehicle support services available to DropCar members include the ability to request fueling, electric vehicle charging, washing, taking vehicle in for servicing and inspections, as well as vehicle pickup to and from Self-Park garage locations to the owner’s front door.

All Self-Park Spaces and additional a la carte services are managed directly via DropCar’s consumer mobile app on the Apple App Store and Google Play Store.

If you are a garage owner, manager, auto repair provider, or other automotive care company interested in partnering with DropCar, please email hello@DropCar.com or call (646) 342-1595.

About DropCar

DropCar’s mission is to power the next generation of mobility by bringing automotive based products and services to everyone’s front door. DropCar’s core Mobility Cloud platform and driver network helps fleet owners, dealers, OEMs, retailers, Mobility-as-a-Service (Maas) providers and other shared mobility companies manage their last mile logistics and launch new consumer services. DropCar’s consumer mobile app (on IOS & Android) helps busy urbanites reduce the overhead of owning a car in the city while unlocking its full potential, at the tap of a button.

Learn more at https://drop.car/.

Forward-Looking Statements

This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, prospects, plans and objectives of management are forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the company to meet its business objectives and operational requirements and the impact of competitive products and services and technological changes. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors under the heading “Risk Factors” in DropCar’s filings with the Securities and Exchange Commission. Except as required by applicable law, DropCar undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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