Evercar suspends operations

Date: 11 OCT 2016posted by Car Rentaledited by WinX

Evercar is a three-year-old Los Angeles-based service that rents electric and hybrid cars to drivers for delivery and ride-hailing services. They effectively suspended their services on Monday, even though the company had expanded its operations to the Bay Area last month and is now shutting both down. Evercar lets customers rent out cars for $5-$8 hourly, depending on the car type and location, to drive for services like Uber and Lyft, along with delivery services such as Postmates and Doordash. It's very unclear why the startup, which has raised about $29 million (including debt), according to Pitchbook, is suddenly suspending operations, but there are lots of speculation surrounding stuff competition. In July, a similar company, Breeze, decided to also end its operation since they could not compete against Uber and Lyft's river car rental programs.

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