(Yicai Global) Oct. 25 -- Ezzy, a car-sharing platform operating in the Chinese capital announced yesterday that it will shut up shop and users are temporarily unable to withdraw their security deposits, the Beijing News reported.

The company has dissolved and withdrawn its vehicles. User deposits will be handled after the company has got its finances in order, a customer service rep told a Beijing news reporter.

Before renting Ezzy cars, customers are required to make a CNY2,000 (USD301) security deposit.

Users can apply for their deposit to be refunded through the service's mobile app, but it won't be dealt with as a priority, the car-sharing operator said.

Car sharing has much higher input costs than the more common practice of sharing bikes, and is more difficult to operate. Another car sharer closed its doors after running for three years in March this year, as it was unable to secure another round of funding.

Ezzy officially began in March 2016, its main vehicles include the BMW i3 and Audi A3 among other mid- to high-end vehicles. It operated around major business areas in eastern Beijing, such as the China World Trade Center, Sanlitun and Dongzhimen.