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Chariot has operations in 10 US cities and in London, UK.
Chariot, the private bus startup, is going out of business.
Thursday - CEO - Dan - Grossman - Chariot
On Thursday, CEO Dan Grossman said Chariot will cease all operations by the end of the March. He said the decision to close the service was made after "significant consideration."
"It has become clear that the mobility services delivered by Chariot over the past five years will not be a sustainable solution going forward," Grossman wrote in a blog post.
Chariot - Goal - Transportation - Fee - Ride
Chariot's goal was to provide an alternative to public transportation for a slightly higher fee -- usually between $1.50 to $3 more per ride. The service launched in San Francisco in April 2014 and has since spread to nine other US cities and to London, UK. Ford acquired Chariot for $65 million in September 2016.
The company focused on shuttling commuters from outer neighborhoods to downtown areas and financial districts using mid-sized vans. Grossman said Chariot provided more than 3 million rides over the past five years. Some urban planners have criticized the company for catering to affluent clientele and unfairly competing with cities'...
(Excerpt) Read more at: CNET
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