General Motors announced the shut down of its car-sharing service Maven, attributing the closure in part to the coronavirus pandemic.
Maven, established in 2016, recently cut its service in major operating cities such as Boston and Chicago, according to Business Insider.
In early 2019, the company’s chief Julia Steyn stepped down.
GM vice-president Pamela Fletcher said in a statement, “We’ve gained extremely valuable insights from operating our own car-sharing business. Our learnings and developments from Maven will go on to benefit and accelerate the growth of other areas of GM business.”
Maven will continue its wind-down until the end of summer, according to the report.
Maven’s “assets and resources will be transferred to GM’s Global Innovation organization, as well as the larger enterprise,” according to a press release obtained by Business Insider.
GM previously suspended Maven’s operations in March so the business could be assessed for future viability.