Kyte, who presented himself as the “best competitor in Hertz”, firm

The startup of rental car Kyte has closed almost a year After dropping the staff And get out of most of its cities in the United States. The company sold its list of customers in Turo in July, then turned right and entered a form of stay in California, according to a notice This went to the Kyte creditors.

Kyte has lagged behind some of her loans earlier this year, according to the advice. This led the company’s best lender to regain possession and liquidate the fleet of Kyte vehicles.

The Kyte Board of Directors “continued various capital solutions” to maintain the company in life, indicates the opinion. But the company could not align the funding and the board of directors voted to relax Kyte.

While Kyte has transmitted her list of customers to Turo, a number of users Who had pre-served trips before closing complained that they were stuck awaiting reimbursements for hundreds of dollars.

Some who spoke in Techcrunch have said that they could ensure that their credit card companies are carrying out a retrocarrage, while others were unlucky. Kyte CEO Nikolaus Volk told Techcrunch in a message that retrofactured can be the fastest way for customers to recover this money.

Founded in 2019, Kyte provided rental cars on demand that she also delivered directly to the customers’ homes. He controlled his own fleet of vehicles, which makes him a little more like Zipcar and less like the peers of players like Turo. Kyte has reached 14 markets and collected more than $ 300 million in funding in her lifetime, and began to present himself as the “best competitor in Hertz”.

The company began to separate in 2024, Volk told Techcrunch last year. Kyte had trouble generating cash flows available in markets like Atlanta, Chicago, Boston and Washington, DC Volk said that his team had explored the sale of the company, but decided to restructure and focus on making profits on the two biggest markets in San Francisco and New York.

Kyte is not the only startup in this sector to get in trouble – especially in the United States. Getaround, another Peer-to-Peer vehicle rental service, has closed its American operations In February of this year Focus on its European activities. Founder of Truecar Scott Painter pivoted far from vehicle subscriptions In 2024 after having had trouble creating a business called autonomy.