NetworkNewsBreaks – PowerBand Solutions Inc. (TS
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Posted On: 04/22/2021 5:03:50 PM
NetworkNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Working Alongside Allianz to Accelerate EV Leasing, Insurance Strategy
PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a fintech provider disrupting the automotive industry, is working with Allianz Partners, the global insurance and services provider, to accelerate PowerBand’s North American electrical vehicle (“EV”) leasing strategy through DRIVRZ(TM). In order to do that, the companies are pursuing access to necessary lines of credit. DRIVRZ enables users to auction used EVs, as well as combustion engine vehicles, on its proprietary auction platform, DrivrzXchange. In addition, DRIVRZ in collaboration with PowerBand’s investor and partner D&P Holdings, will offer easy access to insurance products. With support from Allianz and its other financial lending partners, PowerBand is making progress on its plan to make DRIVRZ a leader in the delivery of EV insurance and leasing options; the company is focusing on operations in the United States and Canada with potential global expansion. Allianz insurance products are already available through the DRIVRZ virtual platform. With Allianz and other financial lending partners, PowerBand is advancing its strategy to make DRIVRZ a leader in the delivery of EV insurance and leasing options in the United States and Canada, with a global focus thereafter. “Global EV sales are expected to reach billions in global sales over the next five years, which offers enormous opportunities in insurance, leasing and the trading in or auctioning of used vehicles including used EVs,” said PowerBand CEO Kelly Jennings in the press release. “We have a functioning virtual marketplace that can do that now, and we intend to make DRIVRZ the go-to platform for all consumers but especially for EV drivers and EV automotive dealers. . . . I want to thank Allianz for their financial support and look forward to a long-term lucrative partnership with both them and D&P Holdings. It is our plan to transact a high-volume of EV leases on DRIVRZ with our proven track record as a digital solution for leasing Teslas — and a platform that can deliver approvals in as little as eight seconds — to achieve our goal of making PowerBand a leader in the EV leasing and EV insurance space.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a fintech provider disrupting the automotive industry, is working with Allianz Partners, the global insurance and services provider, to accelerate PowerBand’s North American electrical vehicle (“EV”) leasing strategy through DRIVRZ(TM). In order to do that, the companies are pursuing access to necessary lines of credit. DRIVRZ enables users to auction used EVs, as well as combustion engine vehicles, on its proprietary auction platform, DrivrzXchange. In addition, DRIVRZ in collaboration with PowerBand’s investor and partner D&P Holdings, will offer easy access to insurance products. With support from Allianz and its other financial lending partners, PowerBand is making progress on its plan to make DRIVRZ a leader in the delivery of EV insurance and leasing options; the company is focusing on operations in the United States and Canada with potential global expansion. Allianz insurance products are already available through the DRIVRZ virtual platform. With Allianz and other financial lending partners, PowerBand is advancing its strategy to make DRIVRZ a leader in the delivery of EV insurance and leasing options in the United States and Canada, with a global focus thereafter. “Global EV sales are expected to reach billions in global sales over the next five years, which offers enormous opportunities in insurance, leasing and the trading in or auctioning of used vehicles including used EVs,” said PowerBand CEO Kelly Jennings in the press release. “We have a functioning virtual marketplace that can do that now, and we intend to make DRIVRZ the go-to platform for all consumers but especially for EV drivers and EV automotive dealers. . . . I want to thank Allianz for their financial support and look forward to a long-term lucrative partnership with both them and D&P Holdings. It is our plan to transact a high-volume of EV leases on DRIVRZ with our proven track record as a digital solution for leasing Teslas — and a platform that can deliver approvals in as little as eight seconds — to achieve our goal of making PowerBand a leader in the EV leasing and EV insurance space.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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