Awto, car rental firm for short periods, comes to an end

Bad news for the world of Chilean startups. It is that the car rental firm, Awto, announced the end of its operations due to economic problems and the need for greater capital. “Today, with great sadness and due to multiple factors that were limiting our route, 10 years later and with great sadness, we want to inform you that Awto will close its operations in Chile and Brazil,” the firm said in an email to its customers. “After much effort and a…

Awto, considered to be one of the pioneers in the rental of vehicles, announced the closure of its functions due to a severe global economic crisis. Awto came to revolutionize the way in which people were transported in the city, allowing to rent cars that the same users could drive, either for minutes, hours or days. In his statement, Awto reported that users will have until April 11 to complete the journeys that are already underway and reques…

The AGF announced a negative impact of more than a third on the value of its Alternative Assets vehicle. The startup will close its operations in Chile and Brazil in early April.