Be & Drive Rental Operations to Close, Dozens of Vehicles to Be Sold

In depth

According to Ynet and Calcalist, Be & Drive accumulated debts of NIS 97 million and received a stay-of-proceedings order. Afterward, it was decided to immediately shut down the car rental operations of the long-established agency, which proved to be loss-making.

The court approved that the arrangement administrators of Be & Drive Holdings may hold an online tender on Thursday for dozens of the company's vehicles. According to Ice, the sale will include a range of models from model years 2022–2025 (first hand). According to Ynet, the models to be offered include Hyundai, Mitsubishi, Chery and Jaecoo.

The sales themselves still require the court's approval.