Unicorner - 🦄 Kyte: Rental cars, delivered

Kyte is a rental car company that delivers and picks up cars from your address. The company allows you to rent vehicles for a period of time, or subscribe to a car on a monthly plan for as long as you want.
🦄 Unicorner Startup of the Week: Kyte
 
 ✍️ Notes From The Editors  
Happy Monday! Today’s cover is on a company that is changing the way we rent cars. We hope you enjoy learning about Kyte as much as we did. Happy holidays!
 
 - Ethan and Arek 🦄
 
 
Rental cars, delivered
 
 
Kyte is a rental car company that delivers and picks up cars from your address. The company allows you to rent vehicles for a period of time, or subscribe to a car on a monthly plan for as long as you want.
 
 
🔗 Check them out: drivekyte.com
 
 
💰 Business Model
The company charges per day (similar to Airbnb) on rentals, in addition to other optional perks and pickup/delivery fees. For subscriptions, the company charges a monthly fee and a one-time service fee.
 
📈 Traction and Fundraising
  • Raised $30 million Series A round from investors like Park West Asset Management, Sterling Road, DN Capital, FundersClub, Moving Capital, Rosecliff Ventures, Seraph Group, Unpopular Ventures, and more
  • Available on the iOS App Store and Google Play Store
  • Currently operating in San Francisco, Los Angeles, Long Beach, Boston, Washington D.C., New York City, and more
 
👫 Founder(s)
  • Ludwig Schoenack, BD/Operations: Previously Venture Partner @ Contrary, Fellow Senior Associate @ McKinsey & Company, Associate @ KPMG, MBA @ Berkeley, Business Administration and Finance @ University of St. Gallen
  • Francesco Wiedemann, Product: Previously Product Manager Shared Mobility @ BMW Group, Venture Incubation Program @ Harvard Innovation Labs, Founder @ First Calling, Management MS and Engineering Science BS @ Technische Universität München
  • Nikolaus Volk, Engineering: Previously SWE @ Uber, Data Scientist & Machine Learning Engineer @ iRhythm Technologies, Developer @ 21Diamonds, Comp. Biomechanical Engineering MS @ Stanford, Engineering Science BS @ Technische Universität München
  
💼 Opportunities
Be sure to mention you came from Unicorner when applying!
 
🔮 Our Analysis
From trying to figure out how to book a car to waiting in long lines, renting cars is often a tedious process. Kyte’s vehicle-as-a-service approach aims to simplify the world of car rentals. The ability to book a vehicle and have it delivered directly to where you need makes the process of renting a car easy. In addition, the company claims that by minimizing its overhead costs, it is able to offer better prices than traditional car rental companies. Behind the scenes, the company has built its service through partnerships with existing rental companies, which provide the vehicles. While we find the potential of the company in this space exciting, we are also impressed by its long-term goal of building a “platform that can deliver vehicles via teleoperation or an autonomous system.” Overall, the company has a strong vision and a lot of long-term prospects that make it unique and worth keeping up with.
 
📚 Further Reading
 
 
If you enjoyed today's article, forward this email to a friend!
If you're just seeing this email now, subscribe here.
 
Made with 💜 by the Unicorner Team 🦄
 
 
🎁 Bonus Content!
Oxygen, a neobank for freelancers that we covered back in February, is in talks to raise around $70 million with its Series B according to TechCrunch. Check out the article here.
 
 
Twitter
LinkedIn
 
 
This email was sent to you
You received this email because you signed up with Unicorner.
 
Unsubscribe here 💔
 

Older messages

🦄 Serve Robotics: Self-driving food delivery

Monday, December 13, 2021

Serve Robotics is on a mission to create sustainable food delivery solutions using robots. Serve's compact robots facilitate food deliveries in urban settings rather than relying on human drivers.

🦄 Bubble: No-code development platform

Monday, December 6, 2021

Bubble was founded with the goal that anybody should be able to build out their ideas, regardless of whether or not they know how to code. Its click-and-drag interface allows users to build

🦄 Writer: AI writing assistant for teams

Monday, November 29, 2021

Writer provides individuals, teams, and companies the ability to easily create and enforce a writing style guide, helping them improve their branding. Writer allows you to manage accepted terminology

🦄 Utopia Labs: Operating system for DAOs

Monday, November 22, 2021

Utopia is building a way to effectively manage Decentralized Autonomous Organizations (or DAOs). You can think of DAOs as a kind of corporate structure (like an LLC or C-corp) for crypto and web3

🦄 Ladder: Next-gen professional community platform

Monday, November 15, 2021

Ladder is rethinking how we connect with one another professionally. Its service combines the layout of a forum and social network, with the aim of becoming the go-to professional platform for a Gen Z

You Might Also Like

🗞 What's New: ~40% of young adults get their news from influencers

Saturday, November 23, 2024

Also: "File over App" for digital longevity ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Initiator Creator - Issue 145

Saturday, November 23, 2024

Initiator Creator - Issue #145 - ( Read in browser ) ​By Saurabh Y. // 23 Nov 2024 Presented by NorthPoll​ This Week's Notes:​ ​Content-rich designs looks more convincing I just love how Basecamp

🛑 STOP EVERYTHING 🛑 BLACK FRIDAY IS NOW!

Saturday, November 23, 2024

This is your sign to take action—2025 could be your breakthrough year, but only if you start now. Black Friday_Header_2 Hey Friend , This is getting serious. We're handing over $1700 in value as

What’s 🔥 in Enterprise IT/VC #421

Saturday, November 23, 2024

Thoughts from Goldman's PICC + optimism for 2025? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

I'm blue

Saturday, November 23, 2024

Hey, ​ ​ tl;dr – I've decided to delete all my Twitter posts, lock down my account, and leave the platform. And I'm going all-in on Bluesky, which (in the last month) has become 1000x more fun

🚀 Globalstar to the Nasdaq

Saturday, November 23, 2024

Plus $RKLB CEO becomes a billionaire, DIRECTV $SATS debt deal called off, TEC's $160M Series B, and more! The latest space investing news and updates. View this email in your browser The Space

Theory Two

Friday, November 22, 2024

Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here.​ ​Theory Two​ Today, we're announcing our second fund of $450

🗞 What's New: AI creators may be coming to TikTok

Friday, November 22, 2024

Also: Microsoft's AI updates are helpful for founders ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

behind the scenes of the 2024 digital health 50

Friday, November 22, 2024

the expert behind the list is unpacking this year's winners. don't miss it. Hi there, Get an inside look at the world's most promising private digital health companies. Join the analyst

How to get set up on Bluesky

Friday, November 22, 2024

Plus, Instagram personal profiles are now in Buffer! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏