HyreCar Inc. is a car-sharing marketplace, which allows car owners (collectively, Owners) to rent their idle cars to ride-sharing service drivers (collectively, Drivers). The Company's business model provides fluctuating transportation demand in cities around the United States by matching Owners and Drivers through its proprietary platform. Its business is based on a proprietary car-sharing marketplace developed to onboard Owners and Drivers, facilitate the matching of Owners and Drivers, and log rental activity for Owners and Drivers. The Company's all transactions related to the rental are run through the Company's platform. It facilitates commercial automobile insurance policy, which designed to cover the period of time in which a Driver is operating an Owner's vehicle while not actively operating a vehicle on a ride-sharing platform.
During the most recent quarter, 5K shares were bought, and 638K shares were sold in insider trading.
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