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VRSS | All | San Francisco Car Rental Startup Kyte, Once Seen as Hertz Rival, |
August 19, 2025 3:20 PM |
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Feed: Slashdot Feed Link: https://slashdot.org/ --- Title: San Francisco Car Rental Startup Kyte, Once Seen as Hertz Rival, Shuts Down Link: https://tech.slashdot.org/story/25/08/19/1840... Kyte, a rental car startup once touted as a modern alternative to Hertz, has shut down after years of rapid growth followed by mounting financial troubles. From a report: Founded in 2017, the San Francisco company built its brand by delivering rental cars directly to customers' doors, eliminating the paperwork and long waits of traditional counters. At its peak, Kyte operated in 14 U.S. cities, managed a fleet of more than 2,000 vehicles and raised nearly $300 million from backers including Goldman Sachs and Ares Management. Read more of this story at Slashdot. --- VRSS v2.1.180528 |
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