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DropCar, Maven Car Sharing Expand Partnership to Baltimore

General Motors mobility brand expands DropCar services to support Maven Car Sharing in New York, San Francisco, Los Angeles, Washington D.C. and Baltimore.

NEW YORK, NY / ACCESSWIRE / November 1, 2018 / DropCar, Inc. (NASDAQ: DCAR), a rapidly growing provider of app-based maintenance and logistics services for automotive industry clients and consumers, formally announced the deployment of its Mobility Cloud fleet services with General Motors' car sharing brand Maven in Baltimore, Maryland. The Maven team now leverages DropCar's Mobility Cloud in five markets including: New York, San Francisco, Los Angeles, Washington D.C. and Baltimore.

According to CEO Spencer Richardson, ''We are very excited to continue working side-by-side with Maven as a trusted partner for vehicle movements and logistical support through our mobility software and concierge services, as they roll-out Maven into key US markets.''

''Starting in New York City in 2017, Maven fleet managers have utilized DropCar's Mobility Cloud platform to easily schedule and track valet pickup and drop-off of vehicles for everything from fleet balancing, cleaning, refueling maintenance and delivery of new Maven cars – all critical to customer satisfaction,'' added David Newman, DropCar's Chief Business Development Officer.

Launched in 2016, GM Maven is a shared vehicle marketplace. Maven's versatile software and operational platform provides members with seamless access to car sharing through an app, for both personal and commercial use. In just two-and-a-half-years, Maven has attracted nearly 200,000 members in 20 cities worldwide (US, Canada, and Australia), and provides access to thousands of Maven vehicles through Maven Gig, which provides a fleet of vehicles to Uber and Lyft drivers, as well as its new Peer-to-Peer Car Sharing Program recently announced which Maven is rolling out into 10 cities across the US by the end of 2018.

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 last mile logistics 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.

Media Contact

Any questions related to Maven should be directed to:

Annalisa Esposito Bluhm
Communications for Maven
(586) 713-5907

Any questions related to DropCar should be directed to:

John Williams
Scoville PR for DropCar
(206) 660-5503

Contact DropCar Investor Relations:

(646) 916-4595

SOURCE: DropCar, Inc.