The newest industry executive to join DriveItAway Holdings sees the provider of “micro-lease to purchase” technology as being on a “path to scale.”

DriveItAway announced on Thursday that it has closed a $4 million credit line funding guaranty from Menachem Light, a noted national leader in the vehicle rental industry who has also agreed to serve on the company’s board of advisors as chairman.

Light is the co-founder of Voyager Global Mobility (VGM), a growing mobility supply company that provides professionally managed vehicles in North America to driver and software company partners on the asset side of the smart mobility industry, including ride-hailing, on-demand travel and car sharing.

VGM operates its internal companies and its wholly owned subsidiaries Buggy TLC (United States), FastTrack Leasing TLC (United States) and Mi Nave (Mexico), and partners closely with Uber, Lyft, Via, Didi, and Turo.

“As one of the original three co-founders of Buggy, which grew from just one vehicle in New York City to over 14,000 vehicles globally, I believe that I can truly help DriveItAway on this path to scale,” Light said in a news release

“I think there is tremendous opportunity here as the way people ‘acquire’ personal transportation begins to change, and DriveItAway provides the technology needed to enable all automotive retailers to adapt to these changes, which is why I am ‘all in’ in helping John and his team at DriveItAway achieve and leverage this tremendous scalable business,” Light continued.

DriveItAway said it will use the credit guaranty to increase its own company-owned fleet, operating on its app-based digital platform that can provides vehicle subscriptions, long-term rentals and flexible leases to individuals, and now small businesses, regardless of credit score, credit history or cash down payment.

“According to Deloitte’s 2025 Global Automotive Consumer Study, 44% of 18-34 year olds in the U.S. are somewhat or very interested in giving up vehicle ownership for subscription model, yet very few car dealerships offer vehicle subscriptions or flexible leases as an option,” said John Possumato, founder and CEO of DriveItAway.

“While we are fundamentally a turnkey software as a service for car dealerships who want to offer vehicle subscriptions and flexible leases to all prospects (including those who ‘fall of the buying grid’ due to a poor credit scores), increasing our own fleet of vehicles serves not only to increase revenues and continues to improve our technology, but also acts as an ‘open book’ example to our chosen supplier car dealer partners that may be interested in using our platform to provide this turnkey service with their own inventory, as a unique competitive advantage for gaining new potential vehicle prospects who are looking for such a service but who currently are not being offered this option,” Possumato continued in the news release

“We don’t just offer SaaS, we put ‘our money where our mouth is’ in demonstrating, firsthand, the returns and advantages,” he said.

Possumato referenced his year-end message to shareholders last month when adding, “We believe that we are at the forefront of a massive opportunity for our new automotive retailing technology to solve the needs of a vast number of people and small businesses, and one of our goals for the new year is to work and be guided by the very best in our sector of the industry to reach our true potential, which is why I am the most pleased and excited to announce that Menachem Light, a true industry icon, has agreed to chair our newly created board of advisors to help us with long-term strategy and growth.

“We are very fortunate that Menachem will help us achieve and fully leverage the massive opportunity we see ahead,” Possumato went on to say.