Fluid Truck’s board ousted its sibling co-founders amid allegations of mismanaging funds

Quick Summary:

Fluid Truck, a startup that was founded to disrupt the commercial vehicle rental industry, has ousted its sibling co-founders — CEO James Eberhard and chief legal counsel Jenifer Snyder — according to sources familiar with the matter.

Fluid Truck, Bison and Ingka did not respond to TechCrunch’s questions about whether they plan to invest more funds into the company to help it get back on track.

Since insurance companies can take up to two years to reimburse claims, Fluid Truck would cover the repair costs to get FVIP vehicles back on the road quickly, according to several FVIP members and an email that Leo Amigoni, Fluid Truck’s chief operating officer, sent FVIP members.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesIndia

Topics: Exclusive Venture Startups Transportation Fluid Truck

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 19:40:50 (3 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 2451 words

Reading Time: 14 minutes read

Sentences: 96 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22292279

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