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DriveItAway Holdings, Inc. operates a dealer-focused digital mobility platform for flexible lease-to-own and subscription-to-ownership vehicle access through franchised automotive dealers. Company news centers on national market launches, the Free2move Powered by DriveItAway program with Stellantis’ Free2move mobility brand, dealer onboarding, fleet access, and the app-based subscription model used for consumers facing down-payment, credit-score, or long-term-contract constraints.
Recurring updates also cover the company’s turnkey dealer program, including proprietary mobile technology, a driver app, insurance coverages, training, and dealer enablement. Additional announcements address small commercial fleet offerings such as DriveItAway Business Preferred, advisory-board additions, and OTC market status.
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DriveItAway Holdings (OTC Marketplace: DWAY) has announced a partnership with Next Jump to offer its subscription service through the Perks at Work platform, which caters to 70% of the Fortune 1000 companies. This new initiative allows employees to access the ‘Drive Now, Decide Later’ program, giving them the chance to try electric vehicles (EVs) without long-term commitments. The program aims to increase accessibility for those regardless of credit score or down payment requirements. DriveItAway's mission includes expanding employee benefits and addressing automotive needs amid rising vehicle costs.
DriveItAway Holdings, Inc. (DWAY) announced a partnership with Legacy Auto Credit to launch an innovative subscription-to-ownership program in Canada, aimed at credit-challenged customers. This collaboration marks DriveItAway's first expansion outside the United States. The app-based platform facilitates vehicle acquisition, allowing users to drive and potentially purchase vehicles with more flexibility. Legacy Auto Credit will lead in Ontario before expanding nationally, leveraging their expertise in assisting those struggling with vehicle financing.
DriveItAway Holdings, Inc. (OTC Markets: DWAY) has partnered with DigiSure, offering a screening solution to enhance subscriber onboarding for its subscription-to-ownership platform. This collaboration enables DriveItAway to expand its services beyond credit scores, addressing key barriers for customers interested in electric vehicles (EVs). DigiSure's platform checks identity and risk factors, allowing DriveItAway to add subscribers while maintaining operational security. The initiative aligns with DriveItAway's mission of making EV access available to a broader audience, ensuring financial commitment and reducing risks.
DriveItAway Holdings recently announced its name change to DriveItAway Holdings, Inc. and new trading symbol DWAY, approved by FINRA. Effective October 3, 2022, the change aims to clarify the company's identity and focus on electric vehicle (EV) subscriptions. Their innovative program, “EVs for Everyone,” allows consumers to drive vehicles before committing financially, addressing cost and range concerns. CEO John F. Possumato emphasized their mission to make EV ownership affordable for all.