from The Wall Street Journal article New York-based New Carpools, one of the biggest car sharing services in the world, will shut down on Jan. 4.
Carolyn Kaster, the company’s founder and CEO, said she has “no illusions” that the service would return to the fold.
She said the company was “a great service for our customers, but the industry is changing and new opportunities are emerging.”
Carpools was started by a group of former Uber employees in 2014.
Its biggest success came when its customers started to demand car sharing at the same time as Uber drivers.
Kaster said she is planning to hire people from other car sharing platforms, like Sidecar, Car2Go, and Zipcar, but not from the New Carp.
New Carpool is owned by Lyft and its driver-partners, and it was a key driver of Lyft’s growth.
Lyft is the second-largest ride-sharing company in the United States.
Carpool has grown from about 15,000 users to more than 300,000 by 2020.
The company will no longer accept new rides and will focus on “local and national” car sharing.
The service will also be unavailable from 1 a.m. to 5 a.mb. until Feb. 9, and from 6 a. m. to 10 a.ms. until May 6.