DriveItAway Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John F. Possumato
- Full Time Employees
- 7
- Sector
- Industrials
- Industry
- Rental & Leasing Services
- Address
- 14 Kings Hwy Haddonfield NJ United States of America 08033
- IPO Date
- Oct 13, 2022
- CIK
- 0001394638
- Website
- driveitaway.com
- Similar Companies
- Business
- DriveItAway Holdings Inc. (DWAY) develops and operates a consumer-facing app and web-based platform that enables car dealers to sell vehicles through eCommerce with its proprietary Pay-As-You-Go subscription program; the platform offers flexible one-month micro-leases without credit checks or down payments, earning purchase credits toward eventual ownership via traditional financing; turnkey solutions for dealers include proprietary mobile technology, driver apps, insurance coverages, training, roadside assistance, routine maintenance, and mileage allowances up to 1,000 miles per month. The company targets subprime and deep subprime buyers, entry-level employees, gig workers, on-demand nurses, and small businesses needing reliable transportation; it serves dealerships nationwide, with recent expansions into Canada and partnerships enhancing electric vehicle access for Fortune 1000 companies via Perks at Work. Founded in 2006 and headquartered in Philadelphia, Pennsylvania, DriveItAway focuses on the automotive software and rental-leasing services industry. Recent developments include a national partnership with Free2move, the mobility arm of Stellantis, launched in July 2025 to power Free2move Powered by DriveItAway and transform dealerships into mobility hubs; a $4 million credit line guaranty secured in February 2025 from industry leader Menachem Light, who joined as chair of the board of advisors; multiple 2024 alliances such as with Partners Personnel, Westlake Financial for dealer credit lines, AutoLeasing II for fleet financing, Corporate Claims Management for maintenance, and AllShifts for healthcare staffing; month-over-month fleet growth surging 36% in August 2024 amid rising demand; and a headquarters move to Philadelphia's University City innovation district.
DriveItAway and Free2move to Introduce a Shared Fleet Initiative to Expand Independent Rental Operators Business at the International Car Rental Show
DriveItAway Holdings Transitions to OTCID™ and Accelerates National Scale with Free2move — Launches 19 New Cities, Expands to 40 U.S. Markets
DriveItAway Holdings CEO Provides Year-End Review and 2026 Outlook as Vehicle Affordability Pressures Accelerate
DriveItAway Holdings Ignites National Scale with Free2move and Launches 9 New Cities in December
Automotive Retail & Investment Banking Leader James "JT" Taylor Joins DriveItAway Holdings Board of Advisors
Leasing Industry Icon Mitch Fadel Joins DriveItAway Holdings Board of Advisors
DriveItAway and Free2move Launch National Partnership to Revolutionize Vehicle Access and Supercharge Dealer Profitability
DriveItAway Holdings, Inc. Partners with Fleet-Connection to Offer its Flexible Lease Alternative to Commercial Fleet Customers with its New “DriveItAway Business Preferred” Program
DriveItAway Holdings, Inc. Secures a Credit Line Guaranty of 4 Million Dollars from Industry Leader Menachem Light, Who Will Chair the Board of Advisors
DriveItAway Holdings CEO Provides Year-End Message to Shareholders
DriveItAway Holdings, Inc. Partners with AllShifts, One of the Most Highly Rated Healthcare Staffing Firms In the US, to Help On-Demand Nurses Get to The Job
DriveItAway Holdings, Inc. Fleet Owned or Under Management Surges 36% Month-Over-Month, as Supply Meets Demand
DriveItAway Holdings, Inc. Partners with Chapman Automotive Group in Philadelphia to Supply New Vehicles and To Provide Its Micro-Lease to Ownership Program to Chapman Store Customers
DriveItAway Holdings, Inc. Partnerships & Growth Highlighted in Leading Automotive Trade Publication
DriveItAway Holdings, Inc. Partners with Corporate Claims Management for Maintenance, Service and Accident Management for its Rapidly Expanding Fleet
DriveItAway Holdings, Inc. Secures Credit Line for 2 Million Dollars in Financing From Industry Leader to Accelerate Growth
DriveItAway Micro-Lease App and Platform Now Available for Car Dealers with Credit Line Options Provided by Westlake Fleet
DRIVEITAWAY'S MICRO-LEASE PLATFORM HELPS SOLVE ONE OF THE LARGEST EMPLOYMENT PROBLEMS TODAY – GETTING TO AND FROM THE JOB
DRIVEITAWAY HOLDINGS CEO PROVIDES YEAR-END MESSAGE TO SHAREHOLDERS
John F. Possumato to Speak on “Discovering the Future of Super Apps” at the FTT Embedded Finance & Super Apps Conference in San Francisco