Kyte, who described himself as “the best competitor to Qurtz”, closes

Kyte starting car rental closed for nearly one year After lowering employees And exit from most of its cities in the United States. The company sold its customer list to Turro in July, then turned right and entered in a form of judicial guarding in California, according to Notice That came out to the Kyte creditors.

Kate failed some of her loans earlier this year, according to the notice. This caused the best lender in the company to deliver the Kyte vehicle fleet.

The notice shows that the KYTE Board of Directors “Follow -up of various capital solutions” to maintain the company alive, as stipulated in the notification. However, the company was not able to manufacture financing and the vote of the Board of Directors for the retreat of Kitty.

While Kyte transferred its customer list to Turro, a number of Users Those who previously reserved before the closure complained that they were stuck while waiting for the recovered amounts of hundreds of dollars.

Some of those who spoke to Techcrunch said they were able to obtain their credit card companies to pay a fee, while they were not lucky. Nikolaus Volk, CEO of Kyte Techcrunch, told a letter that the fees recovery may be the fastest way to customers to recover this money.

Founded in 2019, Kyte provided on -request rental cars that were also delivered to customer homes. She dominated her fleet of vehicles, making her a little more similar to Zipcar and less like peer offers to a counterpart for players such as Turo. KYTE grew into 14 markets and raised more than $ 300 million in financing over its life, and began to issue bills as “the best competitor to Qurtz”.

Falkcrunch last year said that the company began to disintegrate in 2024. Kate was struggling to generate a free cash flow in markets such as Atlanta, Chicago, Boston and Washington, DC, that his team explored the sale of business, but decided to restructure and focus on reaching profits in the largest markets in San Francisco and New York City.

KYTE is not the only emerging company in this sector that faces a problem – especially in the United States. Getaround closed, vehicle rental service from analogous to counterpart, its American operations In February this year To focus on her European works. Founder of Truecar Scott Painter Axis away from vehicle subscriptions In 2024 after he struggled to build a company called autonomy.