Press Releases

DropCar, Inc. | August 16, 2018

DropCar Expands Mobility Logistics Service to Los Angeles

Expansion into Los Angeles is initially being anchored by the car sharing unit of a Tier One partner

DropCar, Inc. | August 14, 2018

DropCar Reports Second Quarter 2018 Financial Results

- Completes 250,000th vehicle movement
- Reports combined B2B & B2C revenue growth of 133% year over year for first six months
- Binding term sheet to sell low-voltage contracting unit for $3.5 million
- Announces changes to consumer offerings designed to increase margins towards profitability | July 10, 2018

DropCar Partners with Volvo Cars Manhattan

DropCar’s logistics software and services will streamline the dealership’s customer service experience and maintenance operations | June 13, 2018

DropCar Launches Mobility Cloud

- DropCar’s vehicle logistics platform is now available as a standalone SaaS solution
- Initially targets dealerships looking to increase CSI scores, expand revenues beyond the showroom and streamline customer retention operations | May 29, 2018

DropCar is Heading to Washington D.C.

Company’s third city will be initially anchored by an existing Tier One car sharing partner | May 23, 2018

DropCar Expands to San Francisco

Inaugurates Vehicle Assistance & Logistics platform for a Tier One car sharing partner | May 16, 2018

DropCar Announces Inducement Grant to Newly-Appointed Chief Human Resources Officer

DropCar Announces Inducement Grant to Newly-Appointed Chief Human Resources Officer | May 15, 2018

DropCar Reports First Quarter 2018 Results

- DropCar lands its 4th Tier One automotive account and a Top-5 brand’s largest dealership
- STEVE subscriber retention levels normalized late in Q1, following a ~9% January rate increase
- Management expects to launch Tier-One partnerships in at least 2 new cities in the near term
- DropCar is ramping efficiency initiatives identified & enabled by its machine-learning software
- Automotive revenues expanded ~139% year-over-year (YoY) to $1.7M in Q1
- WPCS contracting business generated $309K of operating income during its abbreviated Q1 | May 10, 2018

DropCar To Report First Quarter 2018 Results on May 15, 2018

Conference Call on Tuesday May 15th at 5PM EDT | April 30, 2018

DropCar Hires Human Resources Veteran Victoria Pasquale to Guide National Expansion

Pasquale Brings HR and Operations Executive Experience in Fortune 500 Companies | April 18, 2018

DropCar Provides A Preliminary Q1 2018 B2B Business Update

- Q1 B2B Automotive Volumes Grew ~163% Year-Over-Year and ~26% Quarter-Over-Quarter
- DropCar Generated Revenues From Several New Enterprise Customers
- The Company Signed its Fourth Tier-One Automotive Brand in the First Quarter of 2018 | March 09, 2018

DropCar Announces $6,000,000 Private Placement

- Financing Will Support Expansion of Consumer and Enterprise Businesses
- Reinforced Balance Sheet Should Augment DropCar’s Ability to Secure New & Large OEM Deal| February 20, 2018

DropCar, Inc. (Nasdaq: DCAR) Rings The Nasdaq Stock Market Opening Bell

DropCar, Inc. (Nasdaq: DCAR) Rings The Nasdaq Stock Market Opening Bell| January 31, 2018

DropCar Completes Merger with WPCS

- DropCar Commences Trading on NASDAQ Capital Market under Ticker Symbol “DCAR”
- Company Adds Brian Harrington, Former Zipcar Chief Marketing Officer, to Board of Directors| January 4, 2018

DropCar Launches DropCar Premier, a Total Vehicle Care and Valet Subscription Service

For $499/month, DropCar Premier provides complete vehicle maintenance and care services including parking and valet pickup/dropoff| December 21, 2017

DropCar Expands B2B Service Area Signing New Partnership Agreement with Lexus of Queens

Premier Brands Using DropCar to Improve Logistics and Customer Retention| December 7, 2017

DropCar Enhances its Enterprise Vehicle Assistance & Logistics (VAL) Platform with New CRM Toolset

Turnkey solution lets dealers rapidly launch door-to-door valet pickup and delivery of vehicles for servicing with consumer-directed web booking| November 7, 2017

Toyota of Manhattan Selects DropCar’s Enterprise Vehicle Service Platform to Streamline Service Appointments and Deepen Relationships with Customers

DropCar adds a major Toyota dealer to its premier automotive roster, which now includes Mercedes of Manhattan, Lexus of Manhattan, Jaguar and Land Rover of Manhattan, Manhattan Motorcars with brands Porsche, Bentley, Lamborghini and Bugatti| October 26, 2017

Manhattan Motorcars Selects DropCar’s Enterprise Platform to Drive Customer Engagement, Increase Efficiency and Boost Service Revenue

DropCar’s cloud-based platform automates logistics of getting customer vehicles to and from dealerships for scheduled service and maintenance utilizing professional valets. | September 6, 2017

WPCS and DropCar Announce Definitive Merger Agreement

Merger to provide public currency and financial flexibility for DropCar's growing automotive logistics offerings

Media Coverage | June 1, 2017

This On-Demand Valet Startup Is Booming. That’s a Sign That Something’s Wrong With the American City.

In Ferris Bueller’s Day Off, there’s a scene in which our teenage heroes drop Cam’s dad’s precious red Ferrari at a downtown parking garage. “You fellas have nothing to worry about,” the attendant says from the driver’s seat. “I’m a professional.” Moments later, he’s burning rubber on the streets of Chicago. | December, 2016

This NYC Startup Parks Your Car For You

Parking a car on the street in NYC collectively accounts for millions of hours per year for New Yorkers. Between the alternate side parking, fines, and simply searching for parking, you may just never want to park again or get rid of your car. If this sounds like you, DropCar is... | November 17, 2016

How Poor Planning at TechCrunch Disrupt Inspired a Million-Dollar Startup’s New Idea

If you ask anyone about TechCrunch Disrupt NY 2016, they might remember the speakers, but they will definitely remember the hassle it was to get there. This past May, the three-day conference was held at the Brooklyn Cruise Terminal in the industrial area of Red Hook, Brooklyn, which is located more than 30 minutes walking from the nearest subway station. Many attendees fought over surge-priced Ubers and Lyfts (which were a bit hard to come by at the conference’s close, since we were in such a remote area), but some, including myself, trekked to the train-a walk that, via the conference’s slightly misleading address at 72 Bowne Street, included crossing an interstate highway and walking through a shipping yard where I had to step over hoses and other boating equipment. I eventually found a route that allowed me to avoid the shipping obstacles, but it tacked on some extra time.

Press kit

Our company

Founded and launched in New York City in 2015, DropCar offers its Vehicle Support Platform (VSP), 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.
DropCar’s technology platform blends the efficiency and scale of cloud computing, machine learning and connected cars with the high-touch of highly trained valets to move 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, auto manufacturers and shared mobility companies use DropCar’s enterprise platform to reduce costs, streamline logistics and deepen relationships with customers.

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