Zipcar

Zipcar

Car sharing service for hourly rentals

About Zipcar

Simplify's Rating
Why Zipcar is rated
B-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Automotive & Transportation

Consumer Software

Company Size

201-500

Company Stage

Acquired

Total Funding

$105.7M

Headquarters

Boston, Massachusetts

Founded

2000

Overview

Company Does Not Provide H1B Sponsorship

Zipcar provides a car sharing service that allows users to rent vehicles by the hour or day through a mobile app. Users can choose from a diverse fleet of cars, including sedans, luxury SUVs, and vans, making it suitable for various needs. This service is especially beneficial for urban residents, students, and businesses that need short-term vehicle access without the responsibilities of car ownership. Unlike traditional car rental services, Zipcar focuses on convenience and flexibility, operating in urban areas and on university campuses. The company earns revenue through membership fees and rental charges based on how long the vehicles are used.

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Simplify's Take

What believers are saying

  • Zipcar's EV expansion attracts environmentally-conscious consumers and first-time EV drivers.
  • Partnerships with residential complexes increase convenience and potential membership.
  • Zillennials' preference for access over ownership aligns with Zipcar's business model.

What critics are saying

  • Emerging competition from cooperative car-sharing models like ZEV could impact market share.
  • Regulatory compliance issues with NHTSA may increase scrutiny and operational costs.
  • Maintaining profitability in urban markets is challenging due to decreased demand and rising costs.

What makes Zipcar unique

  • Zipcar offers a diverse fleet including sedans, luxury SUVs, and vans.
  • The company provides flexible, short-term vehicle access without ownership commitments.
  • Zipcar's app-based booking system enhances user convenience and accessibility.

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Funding

Total Funding

$105.7M

Below

Industry Average

Funded Over

8 Rounds

Notable Investors:
Buyout funding comparison data is currently unavailable. We're working to provide this information soon!
Buyout Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

401(k) Retirement Plan

401(k) Company Match

Commuter Benefits

Bicycle Reimbursement program

Employee Discounts

Company News

PYMNTS
Feb 12th, 2025
Zillennials Choose Access Over Car, Home Ownership

While their millennial peers may have been the first to embrace subscription services and gig economy jobs, zillennials (born between 1991-1999) are redefining ownership altogether. Unlike older generations, the idea of purchasing a car or house is a major challenge, thanks largely to the financial burdens associated with down payments. Zillennials Face Down Payment HurdlesAccording to a recent PYMNTS Intelligence report, “Zillennials’ Transportation Choices May Have Future Down Payments in Mind,” nearly 14% of zillennials identify saving for a down payment as the primary obstacle in buying a car, compared to just 9.5% of millennials. In the housing market, this barrier is more pronounced: 24% of zillennials cite the down payment as their biggest challenge to homeownership. This struggle underscores the rising cost of living, stagnant wages, and higher prices of major purchases. On top of financial hurdles, many zillennials simply don’t view ownership the same way as previous generations

GeekWire
Aug 19th, 2024
A New Ev Car-Sharing Program In Seattle Aims To Reach Underserved Communities With Co-Op Model

Sustainability: News about the rapidly growing climate tech sector and other areas of innovation to protect our planet. SEE MORETown and Country Markets in Seattle joined the ZEV co-op car-sharing cooperative as a group member. ZEV users can rent this Chevy Volt from a reserved parking spot at the company’s Ballard store. (GeekWire Photo / Gillian Dohrn)I parked my dirty old Honda at the grocery store around 2 p.m. last Thursday and drove away in a shiny electric Chevy Volt just 30 minutes later. I didn’t steal the car

GeekWire
Jul 25th, 2024
Another One Bites The Dust: Aaa’S Gig Car-Sharing Service Shutting Down In Seattle

(GeekWire File Photo)Another fleet-based car-sharing service is shutting down in Seattle. AAA’s Gig Car Share emailed customers Wednesday notifying them that the service will end Dec. 27. “Since launching Gig Car Share, we have continuously evolved our offerings based on Member feedback and demand,” the email reads. “Despite our best efforts, there have been challenges — primarily around decreased demand, rising operational costs, and changes to consumer commuting patterns.”We’ve reached out to AAA for more details. Gig launched in Seattle in 2020 just after the onset of the pandemic with 250 Toyota Prius hybrid vehicles available to rent on an minute, hourly or daily basis

Shoreline Area News
May 20th, 2024
Ion Town Center blends luxury and affordability in Shoreline

Adding to the convenience factor, Ion Town Center partners with Zipcar to provide residents with on-site car access at discounted rates.

PR Newswire
Apr 22nd, 2024
Staypineapple Recognizes Earth Day With Strengthened Commitment To Sustainability

From eliminating single-use plastic water bottles to launching waste diversion training programs, the hotel brand continues its efforts to build a greener futurePRESS READY IMAGES AVAILABLE HEREBELLEVUE, Wash., April 22, 2024 /PRNewswire/ -- Staypineapple, the national boutique hotel brand, has taken significant steps to strengthen its commitment to sustainable business practices and achieve its goal of providing a greener guest experience.One of Staypineapple’s major sustainability successes is the replacement of all single-use plastic water bottles with complimentary PATH refillable water bottles."Staypineapple has taken great strides in its contribution of building a better, more sustainable environment for our guests, team members and communities," said Dina Belon, President of Staypineapple. "In 2023, we made a number of commitments to reduce our company's overall carbon footprint, and are pleased to announce that we have accomplished several of our major green initiative goals and are on a steady trajectory with our year-by-year commitments of reducing our carbon footprint. We are continually looking for new ways to improve our sustainability practices that will result in a positive impact on our planet."One of Staypineapple's major sustainability successes is the replacement of all single-use plastic water bottles with complimentary PATH refillable water bottles and Quench Water Bar refill stations. This milestone for the organization will help to divert nearly 500,000 single-use plastic water bottles from landfills annually. With options of still or sparkling water at the lobby refill stations, guests have appreciated this upgraded amenity, allowing them to share in the reuse and recycle efforts of the brand.Also at the start of this year, Staypineapple launched an electric vehicle (EV) car-sharing service in partnership with Zipcar at Hotel Rose in Portland, OR and Watertown Hotel in Seattle, WA. The EVs are parked and charged at the hotels' on-site charging stations, which are powered by nearly 70% renewable energy, providing guests with a convenient and environmentally-conscious transportation option

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