Market Overview

HyreCar Rapidly Expands Dealership Program to Franchise & Independent Dealer Groups in Six Cities Across the U.S.


HyreCar Expands Car Dealership-Based Carsharing for Ridesharing "Path
to Ownership" Program

HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing,
announced today that it is expanding its unique car dealer focused "path
to ownership" program with car dealerships in six cities throughout the
United States, potentially adding upwards of 500 vehicles to the
platform. Rideshare drivers are now able to rent and drive-to-own
vehicles that are listed on the HyreCar platform by participating

HyreCar's aim is to meet an overwhelming dealer demand to enter the
mobility as a service (MaaS) industry throughout the U.S. The
HyreCar-DriveItAway alliance is now executing a unique dealer program
that gives participating dealers the opportunity to offer vehicles to
new ridesharing drivers for temporary use, as a means to generate funds
towards a down payment for vehicle ownership.

In cooperation with a national ridesharing company, HyreCar's partner
DriveItAway is installing customized sign-up kiosks inside participating
dealerships, where potential rideshare drivers can apply to drive. Once
approved, drivers can participate in the "Drive for your Down Payment"
program. With this program, new driver candidates are provided a
temporary vehicle by the dealership, through the HyreCar dealership
platform, to raise money through rideshare driving, for a down payment
to buy the vehicle of their choice, regardless of past credit history.

"The reception to our dealer enabling program has been overwhelming,"
said Joe Furnari, Chief Executive Officer of HyreCar Inc. "As a result,
we are mobilizing very quickly to meet dealer demand all over the United
States. These dealer additions will help us meet the increasing demand
for ridesharing-approved vehicles, while also adding additional vehicles
to our growing platform."

"We see this program as a win for everyone," said Wayne Hileman, owner
of Burlington Auto Group, one of the pilot dealers to launch this
program. "We make money supplying temporary vehicles, and in the
process, nurture a new customer to buy a vehicle. We are delighted to
empower new rideshare drivers to purchase a vehicle through the
‘on-demand' employment opportunity provided by the ridesharing company.
Additionally the rideshare company gets a new, loyal driver, dedicated
to building his or her own driving business."

While Hileman's stores are located in the Philadelphia area, HyreCar
also recently signed on Sims Mitsubishi in the Cleveland area, 1st
Place Auto Stores in the Dallas area, Don's Auto Group in the greater
New Orleans market, M & S Auto Sales in Atlanta and Benchmark Auto Sales
in Asheville, North Carolina. Each dealer location will have a
customized driver sign-up kiosk in their showroom, to actively promote
the HyreCar program.

About HyreCar

HyreCar Inc (NASDAQ:HYRE) is the carsharing marketplace for ridesharing
through its proprietary technology platform. The Company is establishing
a leading presence in Mobility as a Service (MaaS) through vehicle
owners and institutions, such as dealers and OEMs, who have been
disrupted by automotive asset sharing. HyreCar currently operates in 34
states and Washington, D.C. providing a unique revenue opportunity for
both owners and drivers. By providing a safe, secure, and reliable
marketplace, HyreCar is transforming the industry – one driver, one
vehicle, one road at a time. For more information, please visit

Forward Looking Statements

Statements in this release concerning HyreCar's future expectations and
plans, including without limitation, HyreCar's expectations regarding
HyreCar's dealership program and the "Path to Ownership" program, may
constitute forward looking statements for the purposes of the safe
harbor provisions under The Private Securities Litigation Reform Act of
1995 and other federal securities laws and are subject to substantial
risks, uncertainties and assumptions. You should not place reliance on
these forward looking statements, which include words such as "believe,"
"intend," "may," "potential" or similar terms, variations of such terms
or the negative of those terms. Although the Company believes that the
expectations reflected in the forward-looking statements are reasonable,
the Company cannot guarantee such outcomes. Actual results may differ
materially from those indicated by these forward-looking statements as a
result of various important factors, as well as those risks more fully
discussed in the section entitled "Risk Factors" in HyreCar's
prospectus, dated June 26, 2018, that was filed with the U.S. Securities
and Exchange Commission under File No. 333-225157, as well as
discussions of potential risks, uncertainties, and other important
factors in HyreCar's subsequent filings with the U.S. Securities and
Exchange Commission. All such statements speak only as of the date made,
and the Company undertakes no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information,
future events or otherwise.

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