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October 10, 2015 8:49 AM ET

Road and Rail

Company Overview of Zipcar, Inc.

Company Overview

Zipcar, Inc. owns and operates a car sharing network. It offers self-service vehicles that are located in reserved parking spaces in neighborhoods, cities, and airports across the globe; and in urban areas and college campuses in Austria, Canada, France, Spain, Turkey, the United Kingdom, and the United States. The company also provides a Zipcard that unlocks various cars, trucks, and vans. It offers its solutions to residents, businesses, and universities. The company was founded in 2000 and is based in Boston, Massachusetts. As of March 14, 2013, Zipcar, Inc. operates as a subsidiary of Avis Budget Group, Inc.

35 Thomson Place

Boston, MA 02210

United States

Founded in 2000





Key Executives for Zipcar, Inc.

Vice President of Operations & Revenue
President of International
Vice President of Technology
Director of Human Resources
Compensation as of Fiscal Year 2015.

Zipcar, Inc. Key Developments

Zipcar, Inc. to Expand ONE > WAY Beta Program to Denver, Philadelphia and Los Angeles

Zipcar, Inc. announced its plans to expand its ONE > WAY beta program to Denver, Philadelphia and Los Angeles. Zipcar ONE > WAY, which was launched as a beta in Boston last year, enables members to take on-demand one-way trips with the flexibility to choose a parking spot at both the pick-up and drop off locations. ONE > WAY, combined with Zipcar's leading round-trip model, provides members with a comprehensive mobility solution to meet a variety of their transportation needs. A select number of ONE > WAY vehicles will launch in each of these three cities, allowing members to travel between locations, such as airports, along transit lines and in key downtown areas. Zipcar plans to launch in Philadelphia, Los Angeles and Denver this fall and, as a result of growing demand, continues to expand its successful program in Boston, where 50 more ONE > WAY vehicles have been added for a total of 250 in the greater metropolitan area. Zipcar members have been an integral part of developing the ONE > WAY service and consistently report that they want to go between key locations where they travel frequently with reserved parking included. Zipcar's ONE > WAY fleet consists exclusively of Honda Fits - the fuel-efficient, versatile and fun subcompact that can fit up to five people and their gear. Zipcar pods in expansion cities will contain both ONE > WAY and round-trip vehicles. All ONE > WAY vehicles feature specially branded exterior graphics to easily distinguish them from round-trip models.

Zipcar Appoints Nicholas Cole as President, International

Zipcar announced that Nicholas Cole has been appointed as President, International. In this role, Cole will be responsible for driving Zipcar's international expansion in Europe, the Middle East and Africa (EMEA), Asia and Australia, and for accelerating the Company's growth in these key territories. Cole will replace Massimo Marsili, who has been appointed managing director, Western Region, Avis Budget EMEA. Cole brings with him a wealth of experience in the transportation industry and adeep knowledge and passion for car sharing and the role it plays in shaping the future of urban mobility. Prior to joining Zipcar, Cole spent more than 15 years at Daimler AG, where he held a variety of senior roles across the company, most recently as president and chief executive officer of Daimler's Car2Go car sharing subsidiary in North America.

Zipcar Expands Car Sharing in the Washington, D.C. Area

Zipcar is expanding to provide additional 'wheels when you want them' to residents, businesses, visitors and students. In the last four months, Zipcar has added an additional 35 locations to better serve communities such as Logan Circle, Brookland and Capitol Hill. Zipcar is also adding dozens of cars to Wards 7 and 8, with new locations along Benning Road, Branch Avenue and Minnesota Avenue, so that residents in those areas have a convenient and cost-effective alternative to get around the District. Zipcar is also expanding along the major transit lines throughout the greater Washington, DC area. In addition to adding more cars in more places, Zipcar D.C. announced that construction is under way for a newly expanded downtown office. The larger space, located at 403 8th Street NW in the Penn Quarter, will allow Zipcar to host more on-site member appreciation events, give more members access to visit with questions or to join, and provide more working space for Zipcar’s D.C. employees. Construction is expected to be completed this summer.

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