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Co-cars ceases trading

Martin Redfern

Exeter-based South West shared mobility provider Co-Cars, which is also responsible for Co-Bikes e-bike hire, has ceased trading.

It says the suspension of its services for long periods during the pandemic, changes in travel habits and the cost of living crisis have combined with high fuel and energy costs and supply chain issues to force the company into administration.

Buyers for all or part of the business will now be sought.

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