NEW YORK, March 09, 2018 (GLOBE NEWSWIRE) — DropCar, Inc. (DCAR), a provider of app-based automotive logistics and mobility services for consumers and the automotive industry, announced today that it has completed a financing with certain institutional and accredited investors (the “H-4 Investors”) to issue newly designated Series H-4 convertible preferred stock (the “Series H-4 Shares”)…
52 Week Range
Founded and launched in New York City in 2015, DropCar offers a cloud-based platform and mobile app that help consumers and automotive-related companies reduce the cost, hassles and inefficiencies of owning a car, or fleet of cars, in urban centers. Its technology platform blends the efficiency and scale of cloud computing, machine learning and connected cars with the high-touch of highly trained valets to transport cars to/from fully staffed, secure garages to/from the people (or businesses) who own them. Consumers use DropCar’s mobile app to ease the cost and stress of owning a car in the city. Dealerships, leasing companies, OEMs and shared mobility providers use DropCar’s enterprise platform to reduce costs, streamline logistics and deepen relationships with customers.