HyreCar Announces Expansion to All 50 States

Uber and Lyft Drivers Now Have Vehicle Rental Solutions Nationwide

LOS ANGELES–(BUSINESS WIRE)–HyreCar Inc. (Nasdaq: HYRE), the carsharing marketplace for ridesharing,
today announced the Company has expanded access to its proprietary
platform for drivers and vehicle owners in all 50 U.S. states.

This expansion represents an increase from the Company’s previously
announced availability in 34 states. The Company has added Delaware,
Oklahoma, Nebraska, Arkansas, Rhode Island, New Hampshire, New Mexico,
Maine, Idaho, South Dakota, Alaska, North Dakota, Vermont, Montana, West
Virginia and Wyoming to its carsharing marketplace platform.

“We expect this expansion to add at least 25% in incremental 2019
revenue,” said Joe Furnari, CEO of HyreCar. “Our technology driven
marketplace allows us to expand into these states overnight. By
leveraging the current staff and technology already in place, each new
state becomes directly accretive to our bottom line.”

In addition to its peer-to-peer services, these new states will showcase
the Company’s ability to ramp inventory through HyreCar’s commercial
division, DriveItAway, focused on dealer based shared mobility. The
Company has a backlog of over 200 multi-location dealerships interested
in adding cars to the marketplace. With this announcement, HyreCar is
positioned to continue building the ridesharing industry, which is
estimated to grow eightfold to $285
billion by 2030
.

“This is a historical moment for HyreCar,” added Abhi Arora, Co-Founder
of HyreCar. “As a Founder, it is extremely gratifying to have grown the
Company’s presence from 4 to 50 states in just three years. Our mission
has always been to build roads to financial freedom – I can proudly say
that this opportunity is now available to everyone regardless of a
driver or vehicle owner’s state of residency,” concluded Arora.

About HyreCar

HyreCar Inc (Nasdaq: HYRE) is the carsharing marketplace for ridesharing
through its proprietary technology platform. The Company is establishing
a leading presence in Mobility as a Service (MaaS) through vehicle
owners and institutions, such as dealers and OEM’s, who have been
disrupted by automotive asset sharing. HyreCar currently operates in all
50 U.S. states and Washington, D.C., providing a unique revenue
opportunity for both owners and drivers. By providing a safe, secure,
and reliable marketplace, HyreCar is transforming the industry – one
driver, one vehicle, one road at a time. For more information, please
visit www.hyrecar.com.

Forward Looking Statements

Statements in this release concerning HyreCar Inc.’s (“HyreCar” or the
“Company”) future expectations and plans, including, but not limited to,
HyreCar’s partnerships and technology solutions, its ability to add and
maintain additional car listings from car dealers and consumer demand
for cars to be used for ridesharing, may constitute forward looking
statements for the purposes of the safe harbor provisions under the
Private Securities Litigation Reform Act of 1995 and other federal
securities laws and are subject to substantial risks, uncertainties and
assumptions. You should not place reliance on these forward looking
statements, which include words such as “could,” “believe,”
“anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,”
“predict,” “potential,” “project” or similar terms, variations of such
terms or the negative of those terms. Although the Company believes that
the expectations reflected in the forward-looking statements are
reasonable, the Company cannot guarantee such outcomes. HyreCar may not
realize its expectations, and its beliefs may not prove correct. Actual
results may differ materially from those indicated by these
forward-looking statements as a result of various important factors,
including, without limitation, market conditions and the factors
described in the section entitled “Risk Factors” in HyreCar’s
Prospectus, dated June 26, 2018, and HyreCar’s other filings made with
the U. S. Securities and Exchange Commission. All such statements speak
only as of the date made. Consequently, forward-looking statements
should be regarded solely as HyreCar’s current plans, estimates and
beliefs. Investors should not place undue reliance on forward-looking
statements. HyreCar cannot guarantee future results, events, levels of
activity, performance or achievements. HyreCar does not undertake and
specifically declines any obligation to update, republish, or revise any
forward-looking statements to reflect new information, future events or
circumstances or to reflect the occurrences of unanticipated events,
except as may be required by applicable law.

Contacts

Media Relations:
The Silver Telegram
Ronjini Joshua
HyreCar@thesilvertelegram.com
or
Investor
Contact:

MZ Group – MZ North America
Ted Haberfield
President,
HYRE@mzgroup.us
Web: www.mzgroup.us

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