PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider of a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, has announced a recent approval to access two U.S. $1 billion lease lines targeted towards the DRIVRZ(TM) electric vehicle (“EV”) leasing initiative on the DRIVRZ Financial platform (formerly MUSA Auto Finance). According to the update, PowerBand believes these new EV lease lines position DRIVRZ to become the premier EV leasing option in the industry. Unify Financial Credit Union and Valley Strong Credit Union, two leading U.S. credit unions, have provided the new EV lease lines, which can be expanded with increased demand. The two lines are in addition to the existing lease and finance lines, which were previously announced. “This latest development is confirming our intent to become the North American leader in EV leasing,” said Jon Lamb, CEO of DRIVRZ Financial. “Utilizing our unique online leasing experience, we will be able to offer customers an approval on an EV lease in as little as eight seconds. This demonstrates our ongoing commitment to providing unique products and the stellar customer experience that consumers have come to expect from DRIVRZ Financial.”
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About PowerBand Solutions Inc.
PowerBand Solutions, listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand’s integrated, cloud-based platform facilitates transactions amongst consumers, dealers, funders and manufacturers (“OEMs”). It enables them to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, on smart phones or any other online digital devices, from any location. PowerBand’s transaction platform – DRIVRZ(TM) – will be available across North American and global markets. For more information, visit www.PowerBandSolutions.com.
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