Private transportation company Chariot is going out of business and will stop running shuttles by March, its CEO announced Thursday.
The company sent an email to its employees Thursday morning before confirming it publicly in a blog post, the Examiner first reported. CEO Dan Grossman announced that Jan. 25 would be the last day its vehicles on commuter routes would run in the United Kingdom and Feb. 1 for the United States.
Remaining services for private businesses will cease by March.
“In today’s mobility landscape, the wants and needs of customers and cities are changing rapidly,” Grossman wrote. “Chariot was built on a commitment to help reduce congestion, ease the commute and improve quality of life in cities.”
Chariot came to San Francisco in 2014 as a private competitor to Muni and Ford Motor Company bought it over in 2016. Last year, the SFMTA prohibited the company from mirroring Muni lines but allowed previously created lines to continue.
The impending closure impacts about 625 employees, 385 of which are in the Bay Area, says Chariot spokesperson Erin First.
The Teamsters Union represents about 300 of those drivers, according to the Examiner. Fortunately for those drivers with Class B drivers licenses, they are in high demand to operate Muni vehicles, school buses, and tech companies.