Kyte, which billed itself as the ‘best competitor to Hertz,’ shuts down
Rental car startup Kyte has shut down nearly one year after slashing staff and exiting most of its cities in the United States. The company sold its customer list to Turo in July, and then turned right around and entered into a form of receivership in California, according to a notice that went out to Kyte creditors. Kyte fell behind on some of its loans earlier this year, according to the notice. That caused the company’s top lender to repossess and liquidate Kyte’s vehicle fleet. Kyte’s boar