DropCar Signs New Agreement with Jaguar Land Rover Manhattan

NEW YORK, Feb. 20, 2018 -- DropCar, Inc. (NASDAQ:DCAR), a provider of app-based automotive logistics and mobility services for both consumers and dealers, today announced a new agreement with Jaguar Land Rover Manhattan. The dealership will use DropCar’s Enterprise Vehicle Assistance & Logistics technology platform (“VAL”) to automate the pickup and delivery of customer vehicles for service and maintenance.

DropCar’s VAL service and corresponding data analysis tools enable Jaguar Land Rover Manhattan to deliver an entirely new and improved level of service to customers. DropCar’s simple interface automates the pickup and delivery of customer vehicles by more than more than 250 professionally trained drivers. It also tracks vehicle movements as well as repair status. The new level of customer convenience enables dealers to retain valuable post-sale service contracts and revenue from their customers.

“As the new owners of Jaguar Land Rover Manhattan, we wanted to make a bold statement to our customers that we are committed to offering the highest level of service and convenience,” said Rob Singh, Vice President of Jaguar Land Rover Manhattan. “DropCar’s VAL platform makes it a snap for us to take care of our customers’ needs, which helps build long term loyalty as well as referrals for us.”

Jaguar Land Rover Manhattan is part of a growing constellation of dealers in the Tri-State area that have licensed DropCar’s enterprise VAL platform, including: Lexus of Manhattan, Lexus of Queens, Mercedes Benz of Manhattan, Toyota of Manhattan and Manhattan Motorcars, Inc.

“We’re thrilled to be working with Rob and the team at Jaguar Land Rover Manhattan to help them delight their customers by fulfilling their ongoing vehicle maintenance and service needs with the tap of an app,” said Spencer Richardson, DropCar Chief Executive Officer.

About DropCar
Founded and launched in New York City in 2015, DropCar (NASDAQ:DCAR) 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. Its 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, OEMs and shared mobility companies use DropCar’s enterprise Vehicle Assistance & Logistics (VAL) platform to reduce costs, streamline logistics and deepen relationships with customers. More information is available at www.dropcar.com.

Media Contact
John Williams, Scoville PR for DropCar
[email protected] (206) 625-0075

Investor Relations Contact
Daniel Gelbtuch, VP of Corporate Finance for DropCar
[email protected] (917) 509-9582

Forward-Looking Statements

This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, prospects, plans and objectives of management are forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the combined company to meet its business objectives and operational requirements and the impact of competitive products and services and technological changes. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors under the heading “Risk Factors” in DropCar’s filings with the Securities and Exchange Commission. Except as required by applicable law, DropCar undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.