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DropCar Extends Mobility Cloud Platform into Apple & Android App Stores

Enables Any Fleet, OEM, Dealer, and Shared Mobility Provider to Instantly Track In-House or 3rd Party Drivers in Any Market

NEW YORK, NY / ACCESSWIRE / October 11, 2018 / DropCar, Inc. (DCAR), a rapidly growing provider of app-based mobility services and logistics for both the automotive industry and consumers, today announced that its newly created Mobility Cloud B2B driver app is now officially available on the Apple App Store and Android Google Play Store.

CEO Spencer Richardson stated, ''We believe that to deliver the best-in-class last mile logistics technology on the market today, it must be both powerful and easy to use. Our new B2B driver application instantly connects any driver, in any market, to DropCar's Mobility Cloud logistics solution in real-time, in support of any business dealing with vehicle movements. Additionally, the app opens the door for DropCar to gain broad market access to private driver networks, such as in-house dealership teams, fleets, valet companies and independent third parties, a market that includes over 140 million commercial vehicles, and tens of thousands of businesses in need of a last mile logistics partner.''

David Newman, Chief Business Development continued, ''Now, original equipment manufacturers (''OEMs''), shared mobility companies, dealerships, fleet owners and leasing companies, across the country can seamlessly onboard drivers to their DropCar Mobility Cloud account. Once a driver downloads the app, its super-easy for the business to track any driver, send them jobs via the Mobility Cloud, track them in real time, monitor their driving, and all while digitizing the entire field operations process, without the need for any costly hardware, beyond only a smartphone. In addition, we believe this gives DropCar an opportunity to provide the much-needed technology backbone to organize, streamline and monetize a highly fragmented vehicle-movement industry.''

To download the new app, which is available for IOS and Android smartphone devices, visit:

IOS: https://itunes.apple.com/us/developer/dropcar/id972228591?mt=8
Android: https://play.google.com/store/apps/details?id=com.dropcar.val

About DropCar

Founded and launched in New York City in 2015, DropCar's mission is to power the next generation of mobility by bringing the automotive industry's products and services to everyone's front door. DropCar's core Mobility Cloud platform, and integrated mobile apps help consumers and automotive-related companies reduce the cost, hassles and inefficiencies of owning a car, or fleet of cars, in urban centers. Dealerships, fleet owners, OEMs and shared mobility companies use DropCar's enterprise platform to reduce costs, streamline logistics and deepen relationships with customers. More information is available 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.