Sidecar, a ride-sharing and delivery service, will cease operations at 2PM PT on December 31st, according to co-founders Sunil Paul and Jahan Khanna. The company, which is based in San Francisco, has struggled in recent years to get out from under the shadow of its much larger rivals like Uber and Lyft.
„Shutting down the Sidecar service is a disappointment for our team and our fans,“ Paul and Khanna write in a post on Medium, citing „a significant capital disadvantage“ as one of the reasons Sidecar decided to fold. „The impact of our work, however, will be felt for generations to come. We changed transportation law, and created a new mode of transportation that has transformed cities and made life easier and better for millions of people.“