Kyte, which billed itself as the ‘best competitor to Hertz,’ shuts down

Rent car startup kit has been closed about a year After the staff slash And most of its cities in the United States come out. The company sells its customer list to Tur in July and then turn right in the form of receivership in California, according to this Notification It went to the Kyt Credit Dwellers.

According to the notice, some of the kit’s loans fell behind this year. As a result, the company’s top NDD coast can restore the vessel and make the fluid.

The notice said that the board of directors “followed various capital solutions” to save the company. However, the company was not able to finance and the board voted for the kit to be down the air.

When Kayet passed his customer list in Turo, several Users The person who did the pre-booking trip before the shutdown complained that they were stuck in waiting for a few hundred dollars.

Talking to TechCrunch, some people say they were able to get their credit card companies to perform chargeback, others have no fate. Kit CEO Nicholas Volc TechCrunch told a message that customers could be the fastest way to get this money back.

Established in 2019, the on-Demand fare caught on KITE, which provides it directly to customers’ homes. It controls the vehicle’s own fleet, making it somewhat like a zipker, and making players like Turo low like a peer-to-peer offer. The kit has grown to 14 in the market and has raised more than $ 300 million in his lifetime and has started billing himself as “best contestant in Hartz”.

In 2024, the business began to separate, Voclock told TechCrunch last year. The KYT was fighting to generate free cash flow in the markets like KYTT Atlanta, Chicago, Boston and Washington, DC Volcl said that his team had selling business, but San Francisco and New York City decided to focus on reorganization and profit in the two largest markets.

Especially in the United States is not the only beginning of the sector – especially in the United States. Gate a, another peer-to-peer vehicle rental service, stopped its US activities In February this year To focus on its European business. Trucker founder Scott Painter The vehicle has moved away from the subscription After fighting to build a business called autonomy in 2024.