Zipcar, the world’s largest car-sharing service, announced their IPO plans with a target of raising $75M.
Cambridge, Massachusetts residents Robin Chase and Antje Danielson founded Zipcar in 2000 based on similar business models in Germany and Swiss. Despite a number of struggles, the company has quickly grown to include a fleet of more than 6,000 vehicles with 275,000 drivers in 49 U.S. cities alone. In addition, the company continues to expand internationally with the recent purchase of London-based Streetcar and Spain’s Avancar.
What makes Zipcar stand out from others? The company offers a variety of upscale vehicles in many cities and partnerships with Ford and Toyota to test electric vehicles.