About Zipcar
Zipcar is a company based in Boston (United States) founded in 2000 was acquired by Avis Budget Group in January 2013.. Zipcar has raised $60.7 million across 4 funding rounds from investors including Avis Budget Group, Pinnacle Ventures and Meritech Capital. Zipcar has completed 2 acquisitions, including Local Motion and Streetcar. Zipcar offers products and services including Zipcar App, Zipcar for Business, and Zipcar for Universities. Zipcar operates in a competitive market with competitors including Kyte, Avis, Envoy, Gotcha and Silvercar, among others.
- Headquarter Boston, United States
- Stage Public
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60.7 M (USD)
in 4 rounds
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Latest Funding Round
$21 M (USD), Series G
Dec 15, 2010
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Investors
Avis Budget Group
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
Local Motion
& 1 more
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Acquired by
Avis Budget Group
(Jan 02, 2013)
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Products & Services of Zipcar
Zipcar offers a comprehensive portfolio of products and services, including Zipcar App, Zipcar for Business, and Zipcar for Universities. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for booking and accessing shared vehicles hourly or daily.
Service providing car sharing solutions for businesses and fleets.
Platform offering discounted car sharing for university students and staff.
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Funding Insights of Zipcar
Zipcar has successfully raised a total of $60.7M across 4 strategic funding rounds. The most recent funding activity was a Series G round of $21 million completed in December 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series G — $21.0M
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First Round
First Round
(20 Dec 2002)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2010 | Amount | Series G - Zipcar | Valuation |
investors |
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| Nov, 2006 | Amount | Series D - Zipcar | Valuation |
investors |
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| Jan, 2005 | Amount | Series C - Zipcar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Zipcar
Zipcar has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Avis Budget Group, Pinnacle Ventures and Meritech Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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Venture debt and equity financing are provided across US sectors.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zipcar
Zipcar has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Local Motion and Streetcar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Shared mobility is enabled via vehicle modules and mobile apps.
|
2011 | ||||
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B2C car rental company
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Zipcar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zipcar Comparisons
Competitors of Zipcar
Zipcar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kyte, Avis, Envoy, Gotcha and Silvercar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based car rental platform
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| domain | founded_year | HQ Location |
Online platform offering car rental services
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| domain | founded_year | HQ Location |
Community-based electric car-sharing services are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Provider of multi-modal electromobility services
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| domain | founded_year | HQ Location |
App-based car rental platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zipcar
Frequently Asked Questions about Zipcar
When was Zipcar founded?
Zipcar was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Where is Zipcar located?
Zipcar is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Zipcar a funded company?
Zipcar is a funded company, having raised a total of $60.7M across 4 funding rounds to date. The company's 1st funding round was a Series C of $10M, raised on Dec 20, 2002.
What does Zipcar do?
Zipcar is a membership-based car-sharing company that provides automobile rentals to its members, billable on an hourly or daily basis. Members are able to view vehicle availability and reserve a self-service car via the internet, iPhone app, or telephone, in increments as short as one hour and pay only for the time they reserve. Zipcar vehicles report their positions to a control center using in-car technology. Zipcar was founded in 2000 by Cambridge, Massachusetts. On October 31, 2007, Zipcar merged with rival Flexcar. In 2009 Zipcar has become the worlds largest car-sharing service, sharing 6,000 vehicles among 275,000 drivers in 49 U.S. cities, Vancouver, Toronto, and London. On April 1, 2010, Zipcar bought London-based car-sharing firm Streetcar in its latest bid to expand across Europe. Zipcar IPOed in April 2011 and at the end of its first day of trading as a public company, Zipcar was valued at approximately 1.1 billion. Zipcar was bought by Avis Budget Group in Jan-2013 for around 500M in cash.
What products or services does Zipcar offer?
Zipcar offers Zipcar App, Zipcar for Business, and Zipcar for Universities.
How many acquisitions has Zipcar made?
Zipcar has made 2 acquisitions, including Local Motion, and Streetcar.
Who are Zipcar's investors?
Zipcar has 6 investors. Key investors include Avis Budget Group, Pinnacle Ventures, Meritech Capital, Greylock Partners, and Benchmark.