• Zipcar Acquires Controlling Stake In Spain’s Largest Car Sharing Operator

    Zipcar Acquires Controlling Stake In Spain’s Largest Car Sharing Operator

    Car sharing network operator Zipcar this morning announced the exercise of its option to purchase a majority ownership interest in Barcelona-based Catalunya Carsharing, better known as Avancar, after investing in the company almost exactly two years ago. In fact, the option had been extended for an extra year after Zipcar decided last year it wouldn’t yet exercise it, opting instead to… Read More

  • Zipcar Members Can Now Reserve A Car On Facebook

    Zipcar Members Can Now Reserve A Car On Facebook

    Car sharing network company Zipcar this morning announced the release of a Facebook application that allows its members to ‘reserve their wheels’ on the popular social networking site without having to leave it. The Nasdaq-listed car-sharing company warns that the app is being tested in public beta for now. Aside from booking a vehicle, members can also use the app to check car… Read More

  • Ford And Zipcar Partner On Car-Sharing Program For Universities

    Ford And Zipcar Partner On Car-Sharing Program For Universities

    Ford Motor Company and the leading car-sharing network Zipcar have just announced a partnership that establishes Ford as Zipcar’s largest auto source for Zipcar’s University program. The new, two-year alliance will reach students at over 250 university campuses here in the U.S. Ford will start shipping its vehicles, primarily the 2012 Ford Focus and Ford Escape, to colleges… Read More

  • ZipCar Shares Up Over 50%, Market Cap Surpasses $1 Billion After IPO

    Carsharing service ZipCar began the morning of its IPO trading at $18 a share and is now up to $27.96, a rise of over 50%. Based on its 38.6M total shares this means that it is now a billion dollar company (Congrats ZipCar!). Zipcar has raised $174 million in its IPO , surpassing its original target of $75 million. The Massachusetts-based ZipCar provides it over 560,000 members with… Read More

  • Zipcar Parks Former eBay CEO Meg Whitman On Its Board Of Directors

    Zipcar, a membership-based car-sharing service that enables members to reserve a car via the Web, phone or an iPhone app, this morning announced the addition of former eBay CEO Meg Whitman to its board of directors. She will be replacing long-time Zipcar investor and board member Jim Gerson, who is giving up his seat. Whitman led eBay from 1998 to 2008. After her tenure, she ran for Governor… Read More

  • Car-Sharing Service Zipcar Adds $21 Million To Its Coffers

    Car-sharing service company Zipcar this morning announced that it has raised $21 million in Series G funding. Meritech Capital Partners led the round with a $20 million investment, while Pinnacle Ventures contributed the additional $1 million. Zipcar didn’t detail what it plans to do with the fresh capital, other than to say it intends to use the proceeds to fund working capital needs… Read More

  • TC Teardown: 13 Ways To Get To $10 Million In Revenues (Part II)

    TC Teardown: 13 Ways To Get To $10 Million In Revenues (Part II)

    Editor’s note: This post is the second part of an analysis of different consumer Internet business models by guest author Steven Carpenter. It is suggested that you first read Part I. Most consumer Internet startups fall into a baker’s dozen of possible business models. In the first part of this post, I tried to lay out the three main buckets those business models fall into… Read More

  • Tesla Stock Idling 7 Percent Below IPO Price

    After a better-than-expected pop on the first day of its IPO, Tesla’s stock (under the ticker symbol TSLA) started to slide a few days after.  It is now hanging 7 percent below its initial pricing of $17, closing at $15.80 per share today. Only a week on the market, Tesla’s stock has fluctuated greatly, trading at a high of $30.42 and dropping to a low of $14.98. While some… Read More

  • Zipcar Seeks $75 Million IPO To Pay Off Debts

    Zipcar Seeks $75 Million IPO To Pay Off Debts

    Technology-driven car sharing and rental service provider Zipcar this morning announced that it has filed an S-1 with the SEC relating to a proposed IPO of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined, but the filing reveals a target of $75 million. Read More

  • Zipcar buys U.K. car sharing company Streetcar for $50 million

    Car sharing service company Zipcar today announced that it has acquired Streetcar, a similar venture that operates in the UK out of London. The terms of the acquisition were not disclosed, but the Wall Street Journal says the deal is valued at $50 million. The two companies will now be folded into one entity and soon operate solely under the Zipcar flag. Read More

  • Life in the Slow Lane: Zipcar’s Sputtering iPhone App Release

    Sometimes even a do-gooder company flubs something badly enough that it deserves to take some crap. So I give that honor to Zipcar, which over the past few months brilliantly and boldly promoted its iPhone app even though, for all practical purposes, it didn’t exist. The story begins with a giant coup: Zipcar won an invite to show off its App at Apple’s World Wide Developers… Read More