HyreCar eyes growth with hiring of new executive

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HyreCar has named a new vice president for growth. | Facebook

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A.J. Lee has been named senior vice president for growth of HyreCar Inc., CEO Joe Furnari recently announced. 

Lee comes to HyreCar Inc. from Airspace, a transportation and logistics management platform, where he served as senior vice president of growth. He brings that expertise to HyreCar, which is trying to increase its presence among individual vehicle owners, dealers and rental agencies.

“A.J.’s experience will allow him to guide HyreCar into 2022 and beyond, as he brings expertise scaling tech-enabled marketplaces as the company continues to be a driver of liquidity for the gig economy,” Furnari said in a company statement. “Moving forward, A.J. will be a key contributor to the design and execution of our growth strategy as we continue to innovate new products to better serve customers."

According to the release, among the initiatives HyreCar is focused on for 2022 include providing the most trusted and secure platform for vehicle sharing for ride-share partners and their drivers. Highlights of 2021 included: demand remaining strong through the holidays at 85% utilization of vehicle fleet; implementing initiatives to reduce insurance and claims expenses; becoming an official vehicle solution provider for drivers using the Uber platform, and right-sizing the company’s operating cost structure.

“We continue to engage with lending partners to establish and expand credit lines for core commercial fleet owners, which is a key pillar in achieving dedicated inventory in the short and medium terms,” Furnari said in the release. “While there are cars available for purchase, our recommended buying criteria for owners remains disciplined to ensure that acquired vehicles meet specific standards that are foundational to maintaining long-term sustainability on the platform. We have put the pieces in place to grow with our partners as the leading platform for rideshare and delivery entrepreneurs.”

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