There will be one less ride-sharing company to shuttle you and your packages around the city come January 1: Sidecar plans to shutter its ride and delivery service by the end of the year.
Sidecar CEO Sunil Paul announced that the company would cease ride and delivery operations at 2 p.m. PST on December 31.
While the end is near for Sidecar’s services, Paul made it clear that the company as a whole wasn’t going away. Instead it will focus “on strategic alternatives and lay the groundwork for the next big thing.”
“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,” he wrote.
Sidecar, which was founded in San Francisco in 2011, was a rival for Uber and Lyft for a time before transitioning to focus more on deliveries of packages and medical marijuana in certain areas.
“I’m extremely proud of our team and all that we’ve accomplished,” Sunil said. “We are the innovation leader in ride-sharing despite a significant capital disadvantage, continually rolling out new products that set the bar for others to follow.”
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