Archive:Fluid Truck: Difference between revisions
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| founded = 2016 | | founded = 2016 | ||
| founder = [[James Eberhard]] | | founder = [[James Eberhard]] | ||
| hq_location_city = Denver, Colorado | | hq_location_city = [[Denver]], [[Colorado]] | ||
| hq_location_country = United States | | hq_location_country = United States | ||
| area_served = United States | | area_served = United States | ||
| products = Truck rental platform | | products = Truck rental platform | ||
| services = | | services = Commercial vehicle rental | ||
| fate = Filed for Chapter 11 bankruptcy (2024); assets acquired by Kingbee Rentals | | fate = Filed for Chapter 11 bankruptcy (2024); assets acquired by Kingbee Rentals | ||
}} | }} | ||
'''Fluid Truck''' (legally '''Fluid Market, Inc.''') was an American truck-sharing and commercial vehicle rental platform headquartered in Denver, Colorado. | '''Fluid Truck''' (legally '''Fluid Market, Inc.''') was an American truck-sharing and commercial vehicle rental platform headquartered in [[Denver]], [[Colorado]]. [[James Eberhard]] established the company in 2016 and it offered rentable commercial vehicles. In October 2024, Fluid Truck filed for [[Chapter 11, Title 11, United States Code|Chapter 11]] bankruptcy protection.<ref name="wsj-bankruptcy" /> Its assets were acquired by Kingbee Rentals in December 2024.<ref name="abf-sale" /> | ||
== History == | == History == | ||
| Line 30: | Line 28: | ||
=== Founding and early growth === | === Founding and early growth === | ||
Fluid Truck was founded in 2016 by [[James Eberhard]] | Fluid Truck was founded in 2016 by [[James Eberhard]].<ref name="denverpost" /> | ||
Fluid Truck raised venture capital funding from institutional investors, including Bison Capital and Ingka Capital, IKEA's fundraising arm | Fluid Truck raised venture capital funding from institutional investors, including Bison Capital and Ingka Capital, [[IKEA]]'s fundraising arm.<ref name="tc-funding"/> In 2019, it raised $63 million in a fundraising event.<ref name="cnbc" /> | ||
=== Expansion and financial challenges === | === Expansion and financial challenges === | ||
Fluid Truck had expanded into at least thirty [[U.S. state]]s by 2024. However, the company reported financial losses and faced operational challenges.<ref name="wsj-bankruptcy" /> | |||
=== Bankruptcy and acquisition === | === Bankruptcy and acquisition === | ||
In October 2024, Fluid Truck filed for Chapter 11 bankruptcy protection in the United States | In October 2024, Fluid Truck filed for Chapter 11 bankruptcy protection in the [[United States District Court for the District of Delaware]].<ref name="wsj-bankruptcy" /> | ||
In December 2024, | In December 2024, Fluid Truck's assets were acquired by Kingbee Rentals after a court–approved transaction.<ref name="abf-sale" /><ref name="epiq-case"/> | ||
== | == Services == | ||
Fluid Truck | Fluid Truck rented out commercial vehicles.<ref name="tc-bankruptcy"/> | ||
== See also == | == See also == | ||
| Line 85: | Line 83: | ||
<ref name="denverpost">{{cite news |last1=Wingerter |first1=Justin |title=Bankrupt Fluid Truck leaves Denver offices, reveals $35 million in debt |url=https://www.denverpost.com/2024/12/03/fluid-truck-leaves-denver-offices-bankruptcy/ |access-date=July 31, 2026 |work=[[The Denver Post]] |date=December 3, 2024}}</ref> | <ref name="denverpost">{{cite news |last1=Wingerter |first1=Justin |title=Bankrupt Fluid Truck leaves Denver offices, reveals $35 million in debt |url=https://www.denverpost.com/2024/12/03/fluid-truck-leaves-denver-offices-bankruptcy/ |access-date=July 31, 2026 |work=[[The Denver Post]] |date=December 3, 2024}}</ref> | ||
<ref name="cnbc">{{cite news |last1=LeBeau |first1=Phil |title=Truck sharing start-up Fluid Truck raises capital in bid to disrupt rental industry |url=https://www.cnbc.com/2021/03/02/truck-sharing-start-up-fluid-truck-raises-capital-in-bid-to-disrupt-rental-industry-.html |access-date=August 5, 2026 |work=[[CNBC]] |date=March 2, 201}}</ref> | |||
<ref name="abf-sale">{{cite news | <ref name="abf-sale">{{cite news | ||
Revision as of 02:23, 6 August 2026
Template:Multiple issues Template:Short description Template:Use mdy dates Template:Use American English
Fluid Truck (legally Fluid Market, Inc.) was an American truck-sharing and commercial vehicle rental platform headquartered in Denver, Colorado. James Eberhard established the company in 2016 and it offered rentable commercial vehicles. In October 2024, Fluid Truck filed for Chapter 11 bankruptcy protection.[1] Its assets were acquired by Kingbee Rentals in December 2024.[2]
History
Founding and early growth
Fluid Truck was founded in 2016 by James Eberhard.[3]
Fluid Truck raised venture capital funding from institutional investors, including Bison Capital and Ingka Capital, IKEA's fundraising arm.[4] In 2019, it raised $63 million in a fundraising event.[5]
Expansion and financial challenges
Fluid Truck had expanded into at least thirty U.S. states by 2024. However, the company reported financial losses and faced operational challenges.[1]
Bankruptcy and acquisition
In October 2024, Fluid Truck filed for Chapter 11 bankruptcy protection in the United States District Court for the District of Delaware.[1]
In December 2024, Fluid Truck's assets were acquired by Kingbee Rentals after a court–approved transaction.[2][6]
Services
Fluid Truck rented out commercial vehicles.[7]
See also
References
- ↑ 1.0 1.1 1.2 Yerak, Becky (2024-10-17). "'Uber of Truck Rentals' Files for Bankruptcy". The Wall Street Journal. https://www.wsj.com/articles/uber-of-truck-rentals-files-for-bankruptcy-a6b44afb.
- ↑ 2.0 2.1 Wilson, Brianna (2025-01-10). "SSG Advises Fluid Truck in the Sale of Substantially All Assets to Kingbee Rentals". ABF Journal. https://www.abfjournal.com/ssg-advises-fluid-truck-in-the-sale-of-substantially-all-assets-to-kingbee-rentals/.
- ↑ Wingerter, Justin (December 3, 2024). "Bankrupt Fluid Truck leaves Denver offices, reveals $35 million in debt". The Denver Post. https://www.denverpost.com/2024/12/03/fluid-truck-leaves-denver-offices-bankruptcy/.
- ↑ Bellan, Rebecca (2021-03-02). "Fluid Truck, the Zipcar of commercial trucks, raises $63M to take on rental giants". TechCrunch. https://techcrunch.com/2021/03/02/fluid-truck-the-zipcar-of-commercial-trucks-raises-63m-to-take-on-rental-giants/.
- ↑ LeBeau, Phil (March 2, 201). "Truck sharing start-up Fluid Truck raises capital in bid to disrupt rental industry". CNBC. https://www.cnbc.com/2021/03/02/truck-sharing-start-up-fluid-truck-raises-capital-in-bid-to-disrupt-rental-industry-.html.
- ↑ "Fluid Market, Inc. Overview Case: 24-12363". 2024-10-16. https://dm.epiq11.com/case/fluidtruck/info.
- ↑ Bellan, Rebecca (2024-10-18). "Fluid Truck files for Chapter 11 bankruptcy and pursues sale after leadership shakeup". TechCrunch. https://techcrunch.com/2024/10/18/fluid-truck-files-for-chapter-11-bankruptcy-and-pursues-sale-after-leadership-shakeup/.