Hailo shutting down toronto

Hailo Toronto fights for survival as parent company exits North America

Mobile taxi company Hailo announced earlier today that it is shutting down its North American operations amidst fierce competition from services like Uber and Lyft. The Toronto branch of the company is, however, fighting to remain in operation under a licensing agreement that would allow it to run independently of the company at large.

"Hailo Toronto remains in operation and will continue to provide service to passengers and drivers," local head Justin Raymond told TechCrunch. "As it stands, the Toronto team definitely wants it to continue, and we're committed to that. There just need to be some details worked out with the Hailo parent company to keep it alive and make it thrive in Toronto as it has been."

Should a deal be able to be worked out, it will be interesting to examine what it is about the Toronto market that makes the company more viable here than other North American cities. Hailo now plans to focus its efforts on Europe and Asia, where it is active in over 20 cities.

Photo courtesy of Hailo


Join the conversation Load comments

Latest in Tech

Tech company wants to install WiFi hotspots in Toronto street furniture

One of the biggest startups from Toronto might be selling for more than $500 million

Freedom Mobile stores continue non-essential shopping in Toronto despite lockdown

Swedish electric car maker Polestar now has a store in Toronto

Here are the biggest online Boxing Day 2020 sales in Canada announced so far

Mississauga small business loses thousands in merchandise during break-in

You can now visit the ER of a Toronto hospital from your computer

10 holiday gift ideas for the tech obsessed in Toronto