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

  • The FIA’s formula for future mobility
    March 11, 2016
    The FIA’s Region I president Thierry Willemarck tells Colin Sowman about his organisation’s campaigning work for the rights of road users and mobility for all. The Fédération Internationale de l’Automobile may be best known as the FIA and the governing body for world motor sport - particularly Formula 1 - but its influence spreads far wider than the racetrack. The organisation was founded in 1904 with a remit to safeguard the rights and promote the interests of motorists and motor sport across the world. No
    Read More
  • The problem of mass transit ridership post-Covid 19
    June 9, 2020
    Several pillars of Mobility as a Service – notably public transit, ride-share and micromobility – are under pressure as ridership plummets.
    Read More
  • Huawei is accelerating intelligence
    April 9, 2025
    At MWC Barcelona 2025, Huawei released seven new smart transportation solutions and set out its philosophy for the use of AI to support safety and efficiency gains
    Read More
  • Autumn budget: EV charging infrastructure fund and higher tax rates for diesel vehicles
    November 23, 2017
    Chancellor of the Exchequer Philip Hammond has announced a £400m ($532m) charging infrastructure fund for electric vehicles (EVs), an extra £100m ($133m) investment in Plug-In-Car Grant, and a £40m ($53m) in charging R&D in the UK’s Autumn Budget 2017. He added that laws need to be clarified so that motorists who charge their EVs at work will not face a benefit-in-kind charge from next year.
    Read More

Highlighted Content