Zipcar files for $75M IPO to expand car-sharing service

0

Zipcar, recipe the world’s largest car-sharing service, physiotherapist announced their IPO plans with a target of raising $75M.

Cambridge, cure 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.

Share.

About Author

Southern Technology Leaders (So.Tech) was created with the over-arching goal to showcase the South’s vibrant technology sector, connect its people, and deliver the resources necessary to establish the South as the leader in technology innovation and growth in the U.S.

Comments are closed.