Zipcar in peer-to-peer car sharing

International car sharing network Zipcar has announced it is the lead investor in a US$13.7 million Series A round of funding for Wheelz, which claims to be the first peer-to-peer (P2P) car sharing company targeting college campus communities. “Based on our analysis and primary research, we believe P2P could expand the total addressable market for car sharing,” said Zipcar chairman and CEO Scott Griffith, who added he believes Wheelz has the right leadership, technology and business model to succeed in the
June 21, 2012 Read time: 2 mins
International car sharing network 3874 Zipcar has announced it is the lead investor in a US$13.7 million Series A round of funding for 5975 Wheelz, which claims to be the first peer-to-peer (P2P) car sharing company targeting college campus communities.

“Based on our analysis and primary research, we believe P2P could expand the total addressable market for car sharing,” said Zipcar chairman and CEO Scott Griffith, who added he believes Wheelz has the right leadership, technology and business model to succeed in the emerging P2P space.

Also participating in the round is Detroit-based 1072 Fontinalis Partners,
a leading transportation technology strategic investment firm. Mark Schulz, 30-year automotive industry veteran, former president for international operations at 278 Ford Motor Company and Founding Partner at Fontinalis, will be joining Scott Griffith on the Wheelz board. Also joining the board is Jim Freer, former vice-chairman of Ernst & Young.

For more information on companies in this article

Related Content

  • Syracuse models post-industrial revival for US cities
    August 13, 2015
    A connective corridor in Syracuse, New York State, could be a model for other post-industrial cities, as David Crawford discovers. The aim of the city of Syracuse’ 5.6km-long Connective Corridor in Onandaga County in upstate New York is to create a model ‘complete street’ for use in wider regeneration schemes. Key transport-sector components are traffic calming, high-quality transit with accessible passenger information, plus walkability and bike-friendliness.
    Read More
  • Sweating the asset
    May 22, 2012
    Technological progress has done many things for the good of mankind and, as is evident from this issue of ITS International, it has become fundamental for those needing to ‘sweat the asset’. You will not find that expression anywhere else in this issue, but you will discover a lot pointing to the crucial and expanding role for ITS in getting more out of existing infrastructure.IBM associate partner Michael Noblett puts this into context in our special smart cities feature starting on page 50. Noblett refers
    Read More
  • Georgia Yexley: Here's how micromobility can deliver public good
    June 27, 2023
    Georgia Yexley, founder of Loud Mobility, looks at the lessons on diversity, equity and inclusion which can be learned from the US and wider – and explores why it is a vital component for industry growth in the UK
    Read More
  • Investing in ITS: Show us the money
    April 8, 2022
    The ITS industry is currently attracting a lot of interest from private equity and venture capital providers. Adam Hill asks some of the people who have their eyes on the market what makes it such a good bet
    Read More

Highlighted Content