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Kyte shuts down

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Rental car startup Kyte has shuttered its operations after launching in 2019.

The closure follows the company's sale of its customer list to Turo in July and its filing of a form of receivership in California.

Kyte, which raised over $300 million in financing over the course of its history, had billed itself as the “best competitor to Hertz.”

Read more from TechCrunch.

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