Powerband Solutions Inc is a junior software technology company that support automotive retail industry.
The Burlington-based fintech company provides cloud-based platform that offers auction and finance support services to enhance profits and maximize sales.
The product portfolio of Powerband Solutions Inc includes web portals for online auction, compliance requirements, bid or options and automotive dealerships. Some of the offerings include:
It is a web portal that enables the dealers to initiate an online auction of a used automotive with all material information throughout a certified network of buyer in the industry.
Dynamic Appraisal is a flexible appraisal system for used vehicles that enable the dealers to customize the compliances requirements according to the State or different provinces.
MarketPlace Auction is a platform that enables the OEMs, rentals, and leasing companies to carry the automotive onsite with a pre-set reverse bid and all material information disclosed, such as details, photos, and conditional reports about it.
It is a software platform that provides analytical and reporting assistance to summarize the information through tables, charts, graphs, and reports and allows the parties to take quick and informative decisions.
In addition, Powerband introduced DRIVRZ, a leasing division that trades, leases and finances different automotive vehicles.
Powerband Solutions Inc has business operations across the international markets and North America.
The software company is also involved strategic partnerships with several companies, including CB Auto Group, Trader, Dealer Socket, PBS, Route One, Quantech Software Inc, and Car Pages Canada.
In May 2021, Powerband Solutions Inc signed a MoU with Atlis Motor Vehicles Inc, a United States-based electric truck manufacturer, to offer its electric vehicles under DRIVRZ. Further in June, the company announced that the Premier Automotive Group would launch its electronic vehicle leasing finance for new and used vehicles under DRIVRZ platform.