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May 05, 2015 7:43 AM ET

Road and Rail

Company Overview of Zipcar, Inc.

Company Overview

Zipcar, Inc., together with its subsidiaries, operates a car sharing network. It provides self-service vehicles that are located in reserved parking spaces throughout the neighborhoods where they live and work to its members. The company offers its solutions to individuals, universities, businesses, and government agencies. It provides services with in various metropolitan areas college campuses in the United States, Canada, the United Kingdom, Spain, and Austria, as well as in Paris, France. Zipcar, Inc. was founded in 2000 and is headquartered in Cambridge, Massachusetts. As of March 14, 2013, Zipcar, Inc. operates as a subsidiary of Avis Budget Group, Inc.

25 First Street

4th Floor

Cambridge, MA 02141

United States

Founded in 2000

Phone:

617-995-4231

Fax:

617-995-4300

Key Executives for Zipcar, Inc.

President
Chief Financial Officer, Principal Accounting Officer, Vice President, Assistant Secretary and Treasurer
Age: 52
Vice President of Revenue Management & Operations
President of Zipcar Europe
Executive Vice President of Corporate Development
Compensation as of Fiscal Year 2014.

Zipcar, Inc. Key Developments

Zipcar, Inc. Announces Partnership with SNCF to Integrate into its Door-To-Door Mobility Service

Zipcar, Inc. has announced its partnership with SNCF to integrate into its door-to-door mobility service. The partnership with SNCF will offer Zipcar members and SNCF frequent travellers the opportunity to complete their journey with a Zipcar on arrival at their designated station. With a roll-out planned at 25 stations over summer 2015, the partnership will enable Zipcar to cover all major cities in France. With the increasing pressure on transport infrastructure in cities across the globe, Zipcar works closely with government, city authorities and transport stakeholders to facilitate new mobility services and to ease the pressure on congestion in the cities where it operates. The increased footprint of Zipcar across France that will come with the SNCF partnership further demonstrates Zipcar's commitment to France and its international expansion.

Zipcar Launches Service in Madrid

Zipcar, Inc. expanded its footprint in Spain by launching its service in Madrid, under the Avancar brand. The expansion builds on the success of the existing Avancar service which has been available in Barcelona since 2005. Zipcar's launch in Madrid widens its global network, giving its more than 870,000 members access to even more vehicles around the world. The expansion to Madrid will provide members with a flexible and cost-effective alternative transportation solution in Europe's seventh-largest city.

Zipcar Provides the Convenience of Car Sharing to Jet-Setting Southwest Airlines Employees

Zipcar announced partnership with Southwest Airlines to provide Zipcar memberships to nearly 45,000 Southwest and AirTran employees. With access to a Zipcar membership and discounted driving rates Monday through Friday, airline crews will now have the freedom of wheels on the ground when their flights touch down. Additionally, employees will have access to the convenience of car sharing in all Zipcar cities around the globe, including Dallas, where Southwest is headquartered and Zipcar launched this September. The Southwest partnership will further enable Zipcar to expand its membership base while highlighting a valuable use-case for businesses whose employees need access to cars by the hour or day. To further support this partnership, Zipcar added a variety of vehicles at 27 hotels nationwide and will be looking to expand this program in the coming months. These locations will give Southwest and AirTran crew members the ability to explore their stop-over city or run errands while on a layover. Further, all Zipsters across the country traveling to these hotels will have increased access to convenient and cost-effective car sharing with more wheels in more places.

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