LOS ANGELES -

Carsharing marketplace HyreCar said its new and expanded strategic partnerships announced Thursday can provide infrastructure and capital that will allow the company to enter the next level of growth and scalability.

The formal partnerships are with automotive mobility fleet manager, AmeriDrive Holdings, and Cogent Bank’s specialty lending unit.

HyreCar, a carsharing marketplace for ridesharing, food, and package delivery services, said the partnerships will increase car supply on the HyreCar platform in key markets.

The companies and their partners represent successful organizations serving the mobility and transportation as a service industry, according to the comapny.

HyreCar chief executive officer Joe Furnari said that although the past year was extremely challenging, the company has sustained a 50% growth rate with a little more than 3,000 cars. The company achieved that by maximizing vehicle utilization, Furnari said.

“These partnerships will help us significantly increase vehicle supply to our expanded ecosystem while securing strong and sustainable growth in 2021 and thereafter,” he said.

Noting that the company is in a position to reach its goal of being the leader in supplying on-demand vehicles for the mobility industry, Furnari said, “Our partnerships with AmeriDrive and Cogent will fortify the ecosystem for HyreCar to serve the gig-economy on a national scale.”

Furnari went on to say that AmeriDrive, a Mobility-as-a-Service company, has entered into agreements with important vehicle supply partners that can provide more than $65 million in assets to ensure supply.

“Our exclusive partnership with AmeriDrive further validates HyreCar’s platform and our ability to execute regardless of the difficult environment,” Furnari said.

AmeriDrive Holdings CEO Carlos Hernandez believes the partnerships will accelerate AmeriDrive’s national presence serving the mobility industry through the HyreCar platform.

“We have the potential to add over 6,000 cars from our leasing partner this year and expect to expand that number as the nation recovers from COVID-19 constraints,” Hernandez said.

Hernandez also said, “HyreCar allows us to scale in markets with the most growth potential. The combined resources of HyreCar, AmeriDrive, and Cogent will benefit everyone involved, including our customers.”

Cogent Bank executive vice president of specialty lending Michael Skat said, “Working with the respective teams, our group created an innovative debt structure that provides the necessary working capital and certain vehicle acquisition support to help achieve success for all parties. We sincerely look forward to watching the progress made by these dynamic groups.”