FlightCar to Shut Down

FlightCar’s technology platform has been acquired by Mercedes-Benz Research & Development North America Inc. (MBRDNA), according to the company. The technology will be part of the business innovation division at MBRDNA, the lab for new mobility services. The price for the acquisition is unknown at this time.

Launched in 2012, FlightCar provided its customers with free airport parking as well as the chance to earn extra cash by renting out their unused cars to other approved members. FlightCar paid car owners when their car was rented, based on the mileage the car was driven.

“We believe that people around the world can be more self-reliant by sharing their resources to improve society, and we truly appreciate the community that came together to share and rent each other’s unique cars,” the company stated on its website. “We thank all of our customers for being a part of our journey, and we look forward to a new future.”