Airport-focused car sharing service Flightcar, which had raised $40m from backers including Priceline, Tencent, Comcast and SoftBank, has shut down and sold its technology to Mercedes-Benz.
Flightcar, a US-based car-sharing service backed by a range of corporates including internet company Tencent, has closed down and sold its technology platform to carmaker Mercedes-Benz, according to Forbes.
Founded in 2012, Flightcar operated a service that enabled car owners to leave their vehicles at the airport and rent them out to other users while they were away. The offering meant car owners could both avoid parking fees and earn some money.
The acquisition follows a struggle by Flightcar to…
