Arab Today, arab today end of the road for rideshare operator sidecar
Last Updated : GMT 20:05:56
Arab Today, arab today
Arab Today, arab today

End of the road for rideshare operator Sidecar

Arab Today, arab today

Arab Today, arab today End of the road for rideshare operator Sidecar

Ride-sharing service Sidecar App
San Francisco - AFP

Sidecar, a ridesharing operator that sought to compete against bigger rivals Uber and Lyft, announced Tuesday it was shutting down its service on December 31.

"I'm extremely proud of our team and all that we've accomplished," founder and chief executive Sunil Paul said in a blog post.

"We are the innovation leader in ridesharing despite a significant capital disadvantage, continually rolling out new products that set the bar for others to follow."

San Francisco-based Sidecar was launched in 2012 and backed by Google Ventures and British billionaire Richard Branson, but failed to gain traction against its larger rivals.

Earlier this year, Sidecar sought to diversify by enabling its drivers to deliver groceries, flowers and other goods, and later added marijuana in jurisdictions where it is legal.

Paul said the company had blazed a trail for others.

"Long ago we conceived of the technology that gave rise to the rideshare movement," he said.

"And nearly four years ago we invented what is now known as 'ridesharing' with an app that connected riders with everyday drivers in their personal vehicle. People  loved it. It was safe, convenient and affordable, and it quickly caught on."

Sidecar raised more than $35 million, according to research firm CB Insights, but that was dwarfed by the billions raised by Uber and Lyft, which have been rapidly expanding.

Paul said that while the service is ending, the company will remain, with unspecified projects down the road.

"This is the end of the road for the Sidecar ride and delivery service, but it's by no means the end of the journey for the company," Paul said.

"Thanks to our riders, our drivers, our delivery partners, our investors, the forward thinking politicians and regulators, and all of our champions that have allowed us to pursue and achieve our vision to reinvent transportation. We wish you all the best and hope to work with you again as we embark on our next big adventure in 2016."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today end of the road for rideshare operator sidecar Arab Today, arab today end of the road for rideshare operator sidecar

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today end of the road for rideshare operator sidecar Arab Today, arab today end of the road for rideshare operator sidecar

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday