This free sheet contains 100 accelerators and incubators you can apply to today, along with information about the industries and stages they generally invest in.
This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
This free Notion document contains the best 100+ resources you need for building a successful startup, divided in 4 categories: Fundraising, People, Product, and Growth.
There are a lot of things to consider when building a new startup - where to get funding, how to validate your idea, and what features should the product have.
One of the challenges is finding a market that is willing to pay for your solution without even knowing what it is yet.
However, 90% of startups will fail and shut down.
In this article, you can find 17 failed Transportation startups as well as analyses on why they closed down.
Information about the industries, stages and countries they generally invest in.
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Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
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Beepi was a marketplace for used cars. They ran out of cash to operate and tried to sell to potential buyers, but didn't achieve to close the operation.
Details of the startup:
Founders:
Ale Resnik, Owen Savir
Country:
United States
Industry:
Transportation
Started in:
2013
Closed in:
2016
Nº of employees:
100-250
Funding Amount:
> $50M
Specific cause of failure:
Mismanagement of Funds
You can read more about their failure here.
HiGear was a peer-to-peer online company that listed luxury cars for rent. A criminal gang stole four cars worth $400k. They opted to shut down operations.
Details of the startup:
Founders:
Ali Moiz, Murtaza Hussain
Country:
United States
Industry:
Transportation
Started in:
2011
Closed in:
2011
Nº of employees:
1-10
Funding Amount:
$1M-$10M
Specific cause of failure:
Legal Challenges
You can read more about their failure here.
Karhoo was a cab aggregator. It was out of business after 6 months of operation. Poor management and bad execution of a good concept were the main causes.
Details of the startup:
Founders:
Daniel Ishag
Country:
United Kingdom
Industry:
Transportation
Started in:
2014
Closed in:
2016
Nº of employees:
50-100
Funding Amount:
$10M-$50M
Specific cause of failure:
Poor Product
You can read more about their failure here.
Leap Transit was a private bus service based in San Francisco. They didn't comply with the SF regulations, which made them halt their operations.
Details of the startup:
Founders:
Kyle Kirchhoff
Country:
United States
Industry:
Transportation
Started in:
2013
Closed in:
2015
Nº of employees:
50-100
Funding Amount:
$1M-$10M
Specific cause of failure:
Legal Challenges
You can read more about their failure here.
Navdy provided a display that projected GPS in the cars' front. They failed due to a saturated market and a device that didn't satisfy customer needs.
Details of the startup:
Founders:
Doug Simpson, Karl Guttag
Country:
United States
Industry:
Transportation
Started in:
2013
Closed in:
2018
Nº of employees:
50-100
Funding Amount:
$10M-$50M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
ShipItWise was a way of booking shipping services. However, the transportation companies involved weren’t eager on jumping on this new technology.
Details of the startup:
Founders:
Aleksander Gansen, Anna Medjanskaja, Olari Miiter, Ragmar Saksing & Sander Gansen
Country:
Estonia
Industry:
Transportation
Started in:
2016
Closed in:
2019
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
No Market Need
You can read more about their failure here.
Shuddle was the go-to service for parents that needed someone to drive their kids to school. Parents found it disappointing, so they had to shut down.
Details of the startup:
Founders:
Nick Allen, Rodrigo Prudencio
Country:
United States
Industry:
Transportation
Started in:
2014
Closed in:
2016
Nº of employees:
10-50
Funding Amount:
$10M-$50M
Specific cause of failure:
Lack of Funds
You can read more about their failure here.
Shyp imitated the Uber model with an on-demand shipping service. However, they were unable to figure out a profitable business model and had to shut down.
Details of the startup:
Founders:
Jack Smith, Joshua Scott, Kevin Gibbon
Country:
United States
Industry:
Transportation
Started in:
2013
Closed in:
2018
Nº of employees:
10-50
Funding Amount:
> $50M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
Sidecar was a transportation company. They had top-notch technology but no marketing strategy, and could only become useful in high-density cities.
Details of the startup:
Founders:
Jahan Khanna, Sunil Paul
Country:
United States
Industry:
Transportation
Started in:
2011
Closed in:
2015
Nº of employees:
50-100
Funding Amount:
$10M-$50M
Specific cause of failure:
Competition
You can read more about their failure here.
Skully was a helmet targetting motorcycle riders. They had to close shops due to no fundings and couldn't complete the production of the pre-orders.
Details of the startup:
Founders:
Marcus Weller, Mitch Weller
Country:
United States
Industry:
Transportation
Started in:
2013
Closed in:
2016
Nº of employees:
10-50
Funding Amount:
$10M-$50M
Specific cause of failure:
Mismanagement of Funds
You can read more about their failure here.
Stratolaunch aimed to launch orbital rockets from the stratosphere. Paul Allen’s passing away in October of 2018 spell out the same fate for Stratolaunch.
Details of the startup:
Founders:
Paul Allen
Country:
United States
Industry:
Transportation
Started in:
2010
Closed in:
2019
Nº of employees:
500-1,000
Funding Amount:
$0
Specific cause of failure:
Lack of Focus
You can read more about their failure here.
WOW Air was the Icelandic answer to RyanAir for low-cost air travel in Europe. The cause of failure was that they wanted to become too big too fast.
Details of the startup:
Founders:
Skuli Mogensen
Country:
Iceland
Industry:
Transportation
Started in:
2011
Closed in:
2019
Nº of employees:
50-100
Funding Amount:
No Data
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
Zoomo's goal was to build trust in the Indian used cars market. The buy-and-sell vehicle market was relatively young in India and decided to shut down.
Details of the startup:
Founders:
Arnav Kumar, Himangshu Hazarika
Country:
India
Industry:
Transportation
Started in:
2014
Closed in:
2016
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Bad Business Model
You can read more about their failure here.
Autto.in was an on-demand doorstep car service provider, created by Deepak in 2017. Soon after launching, a co-founder joined him and they started marketing the startup, spending a lot of money in customer acquisition. As money burnt, they decided to reach investors, who put them pressure in growing fast. After some months, they decided to shut down.
Details of the startup:
Founder:
Deepak Murthy
Country:
India
Industry:
Transportation
Started in:
2017
Closed in:
2017
Funding Amount:
< $100K
Specific cause of failure:
Lack of Funds
You can read more about their failure here.
In 2014, Aazar, a Pakistani entrepreneur, decided to create an Uber for logistics and awkward items trying to solve a problem he and many other people were having: Bringing items from Pakistan to Germany. He soon validated the idea and built the product. But a combination of bad marketing and bad team fit led to their failure.
Details of the startup:
Founder:
Aazar Shad
Country:
Germany
Industry:
Transportation
Started in:
2014
Closed in:
2016
Funding Amount:
$0
Specific cause of failure:
Bad Marketing
You can read more about their failure here.
Mishra Motors was to be the premier electric sports bike in India. Time and capital were the causes of its collapse.
Details of the startup:
Founder:
Naveen Mishra
Country:
India
Industry:
Transportation
Started in:
2014
Closed in:
2016
Funding Amount:
$0
Specific cause of failure:
Lack of Funds
You can read more about their failure here.
Simple, WiFi-enabled, OBD-II vehicle data logger and cloud services creating a platform for custom software development, which couldn’t reach customers.
Details of the startup:
Founder:
Joe Stech
Country:
United States
Industry:
Transportation
Started in:
2013
Closed in:
2013
Funding Amount:
$0
Specific cause of failure:
Bad Marketing
You can read more about their failure here.
