HyreCar, Inc.
HYREQ
Other OTC0.00
USD
- -
- -
ISIN
US44916T1079
CUSIP
44916T107
Return %
Stock
S&P500
1Y
900.00
19.25
3Y
-95.00
65.11
5Y
-100.00
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Ken Grimes
- Full Time Employees
- 76
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- 915 Wilshire Boulevard Los Angeles CA United States of America 90017
- IPO Date
- Jun 27, 2018
- Website
- hyrecar.com
- Similar Companies
- Business
- HyreCar Inc. operates a peer-to-peer and commercial car-sharing marketplace primarily in the United States, facilitating connections between car owners—including individuals, dealerships, and fleet operators—and gig economy drivers who require vehicles for ridesharing, delivery, and other transportation network company (TNC) services. Its core offerings include short-term vehicle rentals with insurance coverage, liability protection, maintenance services, and 24/7 roadside assistance, enabling flexible and accessible mobility solutions for rideshare and delivery drivers. The company leverages proprietary technology to support its platform, offering a mix of passenger gas and electric vehicles, and has started to incorporate white glove service features, such as dedicated account management and subscription-based models targeting commercial clients. Founded in 2014 and headquartered in Los Angeles, California, HyreCar has positioned itself within the transportation-as-a-service (TaaS) and mobility-as-a-service (MaaS) sectors, targeting gig economy drivers primarily across large U.S. metropolitan areas. Recent major developments include a strategic joint venture with AmeriDrive that enabled significant fleet expansion by acquiring over 1,300 vehicles, supported by a $100 million credit line, with utilization rates nearing 70%. In 2023, the company underwent Chapter 11 bankruptcy proceedings and subsequently saw its assets acquired by Getaround for approximately $9.45 million, a move that consolidates its market presence within the broader carsharing industry. The acquisition is poised to enhance profitability and operational scale, leveraging integration with Getaround’s technology platform to increase value for hosts and drivers. Meanwhile, HyreCar has focused on expanding its vehicle inventory with plans to add tens of thousands of cars by 2025 and enhancing user services such as insurance packages specifically designed for rideshare contexts. HyreCar’s main products and services revolve around car rental solutions tailored to gig economy drivers, including vehicles from individual owners and commercial fleets, comprehensive insurance covering vehicle damage and liability, maintenance services, roadside assistance, and flexible rental terms. These offerings serve rideshare drivers operating for platforms such as Uber and Lyft as well as delivery drivers, providing the means to participate in the gig economy without vehicle ownership burdens. The company’s latest operational strategy includes building out subscription-based commercial rental services with a "white glove" user experience, coupled with ongoing fleet expansion and strategic partnerships to maintain leadership in the emerging sector of automotive asset sharing and transportation services marketplace. HyreCar functions primarily within the U.S. market and focuses on rideshare, delivery, and gig economy transportation services. It operates under the broader industrial sector of rental and leasing services. The company’s restructuring and asset acquisition by Getaround mark significant transitions in its operational and financial status while maintaining its core mission of empowering gig workers through accessible vehicle sharing. Its headquarters remain in Los Angeles, California. This description captures HyreCar’s business model, product suite, strategic developments including bankruptcy reorganization and acquisition, and its role in the evolving TaaS and MaaS industry for gig economy drivers as of late 2025.
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