One of the pioneers of the ride-sharing/ride-hailing business is closing its doors. Sidecar was one of the first startups to bring the sharing economy concept to cars. Unfortunately, it doesn’t have the clout as the likes of Uber. Sunil Paul, CEO and co-founder of Sidecar announced on a blog post that they will end the service on Dec. 31 at 5 p.m. ET. They tried to supplement the ride-hailing aspect with a delivery service but it seems it wasn’t enough to keep them afloat. The company, though, isn’t entirely dead as Paul said they are working on “strategic alternatives” and are laying the groundwork for “the next big thing.”
"Shutting down the Sidecar service is a disappointment for our team and our fans. 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." he wrote.