![]() cities, including Seattle, San Francisco, Atlanta, Chicago, and New York, and in college towns like Ann Arbor and Chapel Hill, as well as in Britain. ![]() It’s worth mentioning that the Zipcar fuel card is usually funded with a maximum of 80. You can now find Zipcars in most major U.S. The company was founded by Robin Chase, the well-known entrepreneur who, among other things, is a vocal supporter of net neutrality. You can now fill in the Zipcar using the Gas pump. Zipcar also has a fairly deep bench of executives, starting with Chairman and CEO Scott Griffith. Student Benefits Self-service access to cars 24/7 Low hourly and daily rates include gas and insurance Reserve online or by using your mobile device Cars. (I was in Detroit recently, and there were vast parking lots of rental cars, as far as the eye could see, just sitting there unused.) In truth, the rental car industry in this country is ripe for disruption, which may help explain why investors greeted Zipcar so warmly on Thursday. This isn't the first time this year that a company has gone public despite lacking profits.īut Zipcar has a lot going for it, not least of all a business model that is much more efficient than that of the legacy rental car giants. The company had a net loss of $14 million on revenue of $186 million last year, according to the company's IPO prospectus filed with the Securities and Exchange Commission. ![]() Zipcar's lack of profits is not so easy to overlook. Zipcar is a car-sharing service that allows members to rent cars by hour or day. And just in case you forgot, gas and insurance are always included. Perhaps the only unfortunate aspect of the whole Zipcar scenario is what the company calls its members - "Zipsters" - but given the impressive performance on the Nasdaq, we'll give them a pass on that one. There are now Zipcars in three locations in Northampton, all open to members: City. The company has hourly and daily rates that compare very favorably to the legacy rental car giants like Hertz and Avis. Drive away, and then return the Zipcar to the same reserved parking spot at the end of your reservation. You take the Zipcard to the nearest parking lot with Zipcars, use the card to unlock the car, and drive away.
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