DriveItAway Holdings Inc.

About DriveItAway Holdings Inc.

DriveItAway is a rent-to-own car dealer that offers a flexible vehicle subscription program called Free2Move Powered By DriveItAway. Their mission is to revolutionize the way people drive by providing options to lease, buy, or test vehicles with no long-term commitment or credit application required. Customers can start with a 1-month lease, earn purchase credits with payments, and decide later whether to buy, keep driving, or return the vehicle.

Products & Services

Rent-to-Own Vehicle Program:A subscription-based service allowing customers to lease vehicles for as little as one month with the option to buy later using earned purchase credits. No credit application is needed, and it includes roadside assistance and full warranties.

Electric Vehicles (EVs):A selection of electric vehicles available through the rent-to-own program, catering to environmentally conscious drivers looking to save on fuel costs.

Mobile App:An intuitive app for browsing vehicles, building subscription plans, and managing payments, available on iOS and Android.

Specialties

Rent-to-Own Vehicle Programs Electric Vehicles (EVs) Flexible Leasing Solutions Subscription-to-Ownership Models

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Credit Line Guaranty T: - FT: Credit Line Guaranty	A: 4000000 MR: - FA: 4 Million Dollars FAN: 4000000	D: 2025-02-13 FD: 2025-02-13	1 investors
2	RT: Credit Line T: - FT: Credit Line	A: 2000000 MR: - FA: $2 Million FAN: 2000000	D: 2024-05-03 FD: 2024-05-03	1 investors

Credit Line Guaranty Latest

2025-02-13

$4.0M

1 investor (Pro only)

Credit Line 2024-05-03

$2.0M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

J

John F. Possumato

Long-time auto industry veteran and serial entrepreneur

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