DriveItAway Holdings, Inc.

Overview

• Company: DriveItAway Holdings, Inc. (formerly B2 Health, Inc.; later Creative Learning Corporation; became DriveItAway Holdings, Inc. in 2022). DIA Leasing, LLC is a wholly owned Florida subsidiary formed in 2024.
• Primary business: A national dealer-focused mobility platform that enables car dealers to sell more vehicles online through an app-based Pay-as-You-Go subscription program. The platform supports a subscription-to-ownership model targeted at entry-level and subprime/deep subprime buyers and plans to expand into electric vehicles (EVs).
• Core value proposition: Allows dealers to offer a flexible, quick, and transparent rental/subscription option that can convert to ownership, designed to optimize dealer profitability while providing a path to vehicle ownership for customers.

Business model and platform

• Platform capabilities:
  • Consumer app and web platform for subscription-based access to vehicles (flexible lease with optional buyout).
  • End-to-end workflow: applicant screening (identity, background, driving history, insurance risk, income verification), vehicle selection, payment collection, insurance management, and telematics integration.
  • Telematics and controls: live vehicle telematics with a starter cut-off switch linked to the payment platform; can remotely prevent vehicle start if payments are overdue as a risk-management feature.
• Revenue model elements:
  • Rental revenue, insurance revenue, and fees (initial non-refundable fees, mileage/usage charges, late fees, tolls, and deposits).
  • For vehicles owned or leased by the Company, revenue is recognized over the contract term. For dealer-sourced vehicles, revenue is recognized net of the Company’s revenue share as contra-revenue, with the Company acting as an agent.
  • Insurance arrangements: fleet policies may cover drivers, or drivers may use their own insurance with the Company acting as trustee for premium collection and transfer to insurers/financiers. Insurance revenue is recognized ratably over the contract term.
• Cost structure: depreciation on owned vehicles, lease payments for vehicles leased from others, credit card processing fees, and stock-based compensation among operating costs.
• Key product positioning:
  • "Drive Now, Decide Later" — rapid approval, select, sign, and pick up a vehicle without an immediate long-term commitment.
  • Subscribers can buy the vehicle during the subscription period; payments reduce the eventual purchase price.
  • Differentiates from traditional rental/car-sharing and Buy Here/Pay Here by providing an integrated, app-based subscription-to-ownership path focused on subprime buyers and EV adoption.

Partnerships and expansion initiatives

• 2025 partnership with Free2move (Stellantis): Free2move Powered by DriveItAway, a national partnership where Free2move finances subscription transactions while DriveItAway operates the platform and customer experience. The service is available in both the DriveItAway app and Free2move app listings.
• 2024–2025 initiatives: pilots and programs with dealer groups and a strategic partnership with Fleet-Connection to offer a "DriveItAway Business Preferred" program for small local fleets.
• Geographic footprint: As of December 2025, operations in 15 U.S. cities, with plans to add at least 8 more cities in early 2026.

Financial snapshot (fiscal years ended Sept 30)

• Revenue:

  • 2025: $987,937
  • 2024: $460,661

• Gross profit:

  • 2025: $135,693
  • 2024: $138,261

• Operating income (loss):

  • 2025: $(868,503)
  • 2024: $(568,155)

• Net income (loss):

  • 2025: $(4,902,480)
  • 2024: $(2,248,243)

• Liquidity and capital resources (as of 9/30/2025):

  • Cash: $39,930
  • Current assets (net of restricted cash): $82,462
  • Total assets: $680,292
  • Current liabilities: $9,070,576
  • Working capital deficiency: $(8,988,114)
  • Derivative liabilities (Level 3): $4,454,765
  • Convertible and other debt: substantial, with outstanding convertible notes and promissory notes in default per the financial notes
  • Accumulated deficit: $(10,461,619)

• Going concern: The auditor’s report and management discussion state substantial doubt about the Company’s ability to continue as a going concern given the net loss, accumulated deficit, and limited cash. Management plans to raise additional equity and/or debt financing.

• Revenue recognition (ASC 606): rentals and insurance revenue recognized over contract terms; certain components (dealer revenue shares) recorded as contra-revenue; initial non-refundable fees recognized when received; optional buyouts recognized when pursued.

Employees and share count

• Employees: As of September 30, 2025, the Company had 0 employees and 7 independent contractors.
• Share information:
  • Outstanding common shares: 120,025,082 as of Sept 30, 2025 (113,701,722 outstanding at Sept 30, 2024).
  • Shareholders of record: 151.
  • No dividends historically; common stock trades on OTC Pink under the symbol DWAY.
  • Notable concentrations of ownership among named holders and related parties.

Corporate and legal context

• The Company operates with complex debt and derivative instruments (warrants, embedded features, convertible notes, derivative liabilities) accounted for under ASC 815 and ASC 470-20; these instruments contribute to non-cash, non-operating expenses (derivatives, fair value changes, debt discounts).
• The Company has a history of reorganizations and established a Florida subsidiary (DIA Leasing, LLC) to support vehicle acquisition lines of credit.

What DriveItAway does, in brief

• Provides a turnkey, app-based platform for car dealers to offer a subscription-to-ownership model, including:
  • Digital onboarding and screening.
  • A driver app and vehicle telematics for monitoring and risk management.
  • Insurance coordination and payment processing within the platform.
  • Revenue generation from rental and insurance components with a path to vehicle ownership for subscribers.
• The company aims to scale through national dealer partnerships and mobility collaborations and to expand into EV subscriptions.