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Stock impact report

DropCar Expands Mobility Logistics Service to Los Angeles

DROPCAR (DCAR) 
US:NASDAQ Investor Relations: wpcsir.com
Company Research Source: GlobeNewswire
NEW YORK and LOS ANGELES, Aug. 16, 2018 (GLOBE NEWSWIRE) -- DropCar Inc.(NASDAQ: DCAR), a provider of app-based mobility services and logistics software-as-a-service (SaaS) for automotive consumers and enterprises, announced today it is expanding into Los Angeles (LA), California. The initial focus will be on vehicle movements and logistics for the car-sharing unit of one of DropCar’s Tier One automotive partners. DropCar’s services will play a crucial supporting role for the wide range of new transportation options coming to car-centric Los Angeles, from ride-hailing and mobile maintenance, to luxury vehicle subscriptions.  As more people enjoy the convenience of these services the companies that provide them are discovering a new set of logistics challenges that can only be addressed by pairing advanced data analytics, machine learning and teams of highly trained drivers. “For every new mobility service there needs to be a bedrock logistics platform that ensures vehicles get to Show less Read more
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