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Zipcar gas drivers#
Zipcar gas series#

ZipCar is for people, usually city residents, who need occasional access to a car, but who prefer not to carry the expense and burden of owning one. By January 2014 Zipcar has 850,000 members, more than 700 employees and 11,000 cars available in the U.S., Canada and Europe.Īlthough ZipCar has bought several competitors in recent years, other competitors do exist including Car2Go and DriveNow, and peer-to-peer firms like RelayRides and Uber.

The logic behind the Avis acquisition is they saw a synergy for fleet optimisation since their vehicles are used mainly during the week, whilst ZipCars are used mainly on weekends.

In January 2013 Avis Budget Group purchases ZipCar for US$500 million.

In April 2011 Zipcar goes public, earning a market valuation of more than $1 billion, though in the months to come its stock price will fall from a high of more than $28.

In December 2010, Zipcar raises US$21 million from Meritech Capital Partners and Pinnacle Ventures.

In April 2010 Zipcar buys Streetcar, the largest British car-sharing company for about US$50 million.

In June 2009 the Zipcar iPhone app is announced so users can locate Zipcars, check on their availability, reserve them and even unlock them.

In 2007 ZipCar merged with Seattle-based Flexcar.

In November 2006 ZipCar opens a London office as part of a European expansion effort at the same time as a venture round of US$25m.

Zipcar gas series#

In December 2002 ZipCar raises US$4.7m in a series B round.The service mobilises location- based technology by helping customers and ZipCar locate the vehicles, cardkey technology to unlock vehicles and smartphone technology allowing customers to make and alter their booking from their mobile device.įounded in Cambridge, Massachusetts by Antje Danielson and Robin Chase, ZipCar debuted its first cars on the streets of Boston and Cambridge in June 2000 after raising an initial US$75,000. Bookings are made in advance by telephone, through the website or the app.

Zipcar gas drivers#

The sells access to a network of cars owned by ZipCar located in densely populated residential areas to drivers who need a car for a short time. ZipCar represents a product business model in the automotive industry that mobilizes location technology and cardkey technology.