Uber rival Karhoo, a price comparison app for black cabs and other rented transport, has been revived from closure by the financial arm of Renault. The company said it would continue to operate as normal but that its drivers were being offered alternative jobs in the same company. In its short life, Karhoo burned through tens of millions of pounds worth of investment and ultimately closed in November. The investment will form part of Renault’s exploration of on-demand transport for its Alliance brands.
Uber rival Karhoo, a price comparison app for black cabs and other rented transport, has been revived from closure by the financial arm of Renault. The automaker purchased a majority holding in Flit Technologies, the venture formed by past Karhoo employees who bought out the remains of the firm's liquidated stock. In its short life, Karhoo burned through tens of millions of pounds worth of investment and ultimately closed in November. The investment will form part of Renault’s exploration of on-demand transport for its Alliance brands.