# Zipcar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zipcar

- Industry: Transportation Services
- Headquarters: Boston, US
- Website: www.zipcar.com
- Total disclosed funding: $56M
- Latest round: Series G (Dec 15, 2010)
- Investors on record: 6

## About

Zipcar, Inc. is a leading car-sharing company based in the US that offers convenient access to a diverse fleet of vehicles for hourly or daily rentals, catering to urban residents and students.Founded in 2000 and headquartered in Boston, US, Zipcar, Inc. operates a car-sharing service that allows members to reserve vehicles on demand. The company was acquired by Avis Budget Group in January 2013 for USD 500 mn. The most recent deal occurred in April 2011 when Zipcar raised USD 174.31 mn in an IPO, selling 9.68 million shares at USD 18 each. Christof Fuchs serves as the CEO of the company.Zipcar provides a car-sharing platform enabling members to rent from a wide array of vehicles by the hour or day. The mobile application facilitates easy reservations and vehicle access without physical keys. Catering primarily to urban dwellers and students, Zipcar's fleet includes compact cars, SUVs, and cargo vans, addressing both personal and commercial transportation needs across over 500 cities in North America and Europe, including Boston, New York City, and San Francisco.In 2012, Zipcar reported a revenue of USD 278.87 mn and an EBITDA of USD 47.46 mn. The company generates income primarily through membership subscriptions, starting at USD 9 per month, and rental fees that include gas and insurance, providing a straightforward pricing model for users.Zipcar plans to leverage its recent funding from the acquisition by Avis Budget Group to enhance its service offerings and expand into new markets. The company is focused on launching new products to improve the user experience and increase its fleet diversity. Specific geographic regions targeted for expansion include under-served urban areas in North America and Europe, with plans to implement these changes as soon as feasible following the acquisition, enhancing accessibility for members in the coming years.

## Funding rounds

- Series G, Dec 15, 2010, $21M — Meritech Capital Partners, Pinnacle Ventures
- Series E, Nov 16, 2006, $25M — Benchmark, Globespan Capital Partners, Greylock Partners, BlueHub Capital
- Series D, Jul 10, 2005, $10M — Benchmark

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series D, Series E
- Globespan Capital Partners (https://capitalatlas.ai/funds/globespan-capital-partners) — Series E
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series E
- BlueHub Capital (https://capitalatlas.ai/funds/bluehub-capital) — Series E
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series G
- Pinnacle Ventures (https://capitalatlas.ai/funds/pinnacle-ventures) — Series G