The round is led by InterAlpen Partners, whose founder, Stephen George - an early investor in Tesla and SpaceX - is joining Kyte's Board. Other new investors include Valor Equity Partners, Anthemis, Citi Ventures, and Hearst Ventures, with significant participation from existing investors DN Capital plus 1984 Ventures, FJ Labs, and Urban Innovation Fund. This round brings Kyte's total funding to approximately $300M across equity and debt.

Kyte is reinventing the mobility market and is on a mission to unlock the freedom to go places. Kyte delivers cars on demand to people's doors for all trips longer than a rideshare. The company's intentional approach increases vehicle utilization and takes cars off the road for a more sustainable future while saving customers time and money. Through the Kyte mobile app on iOS, Android, or website, customers can book a car for a day, multiple days, multiple weeks, months, or however long they want. To begin, customers choose a time and location for their vehicle delivery. Then, the company dispatches a delivery driver - known as a Kyte Surfer - to deliver a clean, sanitized car at the time requested. When the vehicle is ready to be returned, a Kyte Surfer retrieves the car from the customer at the location and time they can flexibly choose.