Driveitaway

DriveItAway, founded in 2017, aims to address the challenge of providing affordable vehicle options to individuals with poor credit or minimal cash for a down payment in the automotive industry. The company's technology and platform facilitate the opportunity for all individuals, regardless of their credit score or cash down, to test drive and potentially purchase a vehicle from any dealer on the platform through a transparent, easy, and risk-free subscription to ownership model. This approach not only provides convenience and ease through an all-in-app turnkey digital transaction but also enables building credit and down payment with each payment. The startup's innovative program attracts mainstream new or used vehicle buyers by offering them the opportunity to drive their chosen vehicle without an immediate financial commitment to ownership while reaping the benefits of usage payments as an investment towards the purchase. Furthermore, DriveItAway stands out in the market by providing moderate-income individuals and first-time buyers with the opportunity to drive electric vehicles (EVs) and experience the benefits of lower fuel costs, reduced maintenance, and an enjoyable driving experience before making a purchase decision, effectively democratizing "EVs for Everyone." Notably, DriveItAway secured a Seed Round investment on 1st April 2021 with Knightsgate Ventures as the investor. With its focus on e-commerce, real estate, and automotive industries, DriveItAway is headquartered in the United States, positioning itself as a promising player in the evolving automotive market.