Ford is shutting down its Chariot shuttle service, due to the rapidly changing “wants and needs of customers and cities”. The service currently operates in 10 US cites and London.

Chariot was acquired by Ford in 2016 for around $65m – having already been operating using a fleet of 100 Ford Transit vans – and placed within the company’s Smart Mobility unit, as a sign of Ford’s growing ride-hailing ambitions.

Now, however, Chariot will cease its London commuter operations on 25 January and put it a stop to its US commuter routes on 1 February. All operations within Chariot, including its enterprise services, will be shut down at the end of March.

“We are truly grateful to our commuters, enterprise customers, and partners for your support over the past five years,” said Dan Grossman, CEO of Chariot, in a statement. “Chariot was built on a commitment to help reduce congestion, ease the commute and improve quality of life in cities, and since our start, we have provided our customers with more than 3m rides. In addition, we helped Ford build their mobility business, and their experience with Chariot continues to inform their mobility efforts and design decisions for the future.”