Archive:Fluid Truck
Template:Short description Template:Multiple issues Template:Use mdy dates Template:Use American English Template:Infobox company
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/.