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

  • Ability to keep in touch on US buses woos travellers
    February 1, 2012
    David Crawford finds evidence of a new trend in American intercity travel: that better access to data sources on the move is tempting passengers away from air travel and onto surface modes. In the US the ease of use of Portable Electronic Devices (PEDs) is successfully wooing long-distance travellers away from airlines and onto surface public transport, according to just-published research. Using data from field observations of 7,028 passengers travelling by bus, air and train in 14 US states and the Distri
    Read More
  • Teledyne to acquire Flir for $8bn
    January 6, 2021
    The two companies' various camera and sensor products have 'minimal overlap', they insist
    Read More
  • Europe will have over two million public charging points by 2017
    April 19, 2012
    A new report from Frost & Sullivan - “Strategic Technology and Market Analysis of Electric Vehicle Charging Infrastructure in Europe” predicts that the electric venicle (EV) charging infrastructure market could grow from less than 10,000 charging stations in 2010 to more than two million in 2017, 3% of which would be based on very-fast charging and inductive charging. “We are awaiting that European governments will forecast a budget of €700 million over the next seven years to build a charging infrastruc
    Read More
  • Airly cleans up with $5.5m funding
    November 18, 2022
    Air quality platform provides data infrastructure to allow cities to reduce pollutants
    Read More

Highlighted Content