Sidecar Squeezed Out by Uber and Lyft, Will Shut Down
Sunil Paul, chief executive officer of SideCar Technologies Inc.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Sidecar Technologies Inc., the third-biggest U.S. car-hailing service, said it will end its ride and delivery operations as the company is squeezed out by better-known competitors Uber Technologies Inc. and Lyft Inc.
One of the pioneers of the ride-sharing concept, Sidecar will end its service on Dec. 31, co-founders Sunil Paul and Jahan Khanna wrote in a blog post. The move will help pave the way for the "next big adventure in 2016," according to the letter.