To dig more on how Powerband extracts revenues through their products, we explain it for you:
DRIVRZfinancial
Transaction, gain on lease/sale of vehicles, other ( referral commission, rev share, data lisencing);
DRIVRZXchange
Transaction, gain on lease/sale of vehicles, other ( referral commission, rev share, data lisencing);
DRIVRZlane
Transaction, SAAS/Subscription, other ( referral commission, rev share, data lisencing).
Powerband isn’t the only one in this sector but with their product DRIVRZ, the company has many qualities compared to their competitors:
-VROOM cannot support consumer listings and doesn’t offer used vehicles leasing;
-CARVANA is limited to seel because of its inventory, cannot sell both new and used and doesn’t offer used vehicles leasing;
-CARLOTZ is a high fee for retail business and doesn’t offer used vehicles leasing