Another business is being impacted by COVID-19.
General Motor’s Maven car-sharing service is being shuttered.
This follows the for-now, temporary suspension of autonomous vehicle trials around the country.
The app-based Maven service, started in early 2016 as a ZipCar competitor, was suspended in March due to the pandemic.
In a letter to customers this week, Maven said it is winding down its business.
“After critically looking at our business, the industry and what’s going on with COVID-19, we have made the tough but necessary decision to wind down our business,” GM stated in a letter to Maven customers.
Other aspects of the connected-things market are seeing varying impact.
For example, growth of 5G by Ericsson this year is projected to slow in Europe but grow in China.
Also, tech spending is declining in consumer services and hospitality while growing in professional services, according to IDC.
The business shakeout from COVID-19 could be a totally mixed bag.