DriveItAway Holdings announced the closing of a $2M credit line funding from Auto Leasing II, led by a noted national leader in the vehicle rental industry. The Philadelphia-based company will use the capital to accelerate growth, particularly in its electric car fleet, to get more EVs and PHEVs into the hands of regular people who can most use the advantages of lower fuel and maintenance costs that electric vehicles provide. The company has found that many people are hesitant to make any financial commitment to purchase or lease an EV vehicle right from the start, but with its unique micro-lease to ownership platform, where no long-term financial commitment is required to drive an EV for any extended time and is as transparent and easy as hitting a button on the DriveItAway app, it paves the way for many to try, and then buy now, very economically priced slightly used EV vehicles.
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Read More on DWAY:
- DriveItAway Holdings, Inc. Secures Credit Line for 2 Million Dollars in Financing From Industry Leader to Accelerate Growth
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