Press Releases

In this section of the Zipcar press center, you'll find our news releases. The releases are listed in chronological order and are archived by year.


2012 Archives

Archives:
Dec 5, 2012
Leading mobility provider plans move to Boston's Innovation District

CAMBRIDGE, Mass., Dec. 5, 2012 /PRNewswire/ -- The world's leading car sharing network is officially on the move. Zipcar, Inc. (Nasdaq: ZIP) today announced final plans for the relocation of its corporate headquarters from Cambridge, Massachusetts, to Boston's Innovation District. The move is currently planned to take place in the second quarter of 2013.

Nov 8, 2012
Revenue of $78.2 million; adjusted EBITDA of $6.5 million; US GAAP net income of $4.3 million, or $0.10 per diluted share

CAMBRIDGE, Mass., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Zipcar, Inc. (Nasdaq:ZIP), the world's leading car sharing network, today reported results for the third quarter ended September 30, 2012.

Recent Highlights

Nov 1, 2012
Zipcar brings sustainable, reliable and convenient transportation alternatives to Miami residents

CAMBRIDGE, Mass. and MIAMI, Nov. 1, 2012 /PRNewswire/-- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, with the support of City of Miami Mayor Tomas Regalado and Commissioner Marc Sarnoff, today announced the expansion of the Zipcar car sharing network into the City of Miami. With this launch, Miami becomes Zipcar's 20th major metropolitan market.

Oct 17, 2012
New global technology platform launched to support Zipcar's international operations

CAMBRIDGE, Mass., Oct. 17, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the final integration of Spain's largest car sharing service, Barcelona-based Avancar. The integration widens Zipcar's global network and membership base, giving members access to even more vehicles around the world. The service will operate as "Avancar, a Zipcar company" and is a key step in Zipcar's expansion in Europe, which also includes services in the United Kingdom and Austria.

Oct 15, 2012
Zipcar encourages members to exercise their right to vote and hit the polls on November 6

CAMBRIDGE, Mass., Oct. 15, 2012 /PRNewswire/ -- In an effort to encourage members to get out and vote this Election Day, Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, is offering a special 2012 Election Day discount to make it easier to get to the polling stations on November 6. As part of the "Zip to the Polls" program, hourly rates will be reduced by half on all Zipcars nationwide between the polling hours of 5am and 9pm (local time) on November 6, 2012.

Oct 9, 2012
Zipcar's University program demonstrates positive impact on campuses as a mobility solution for students, faculty and staff

CAMBRIDGE, Mass., Oct. 9, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, is adding dozens of new schools to its popular University program this fall, and now offers campus car sharing at more than 300 colleges and universities throughout North America.

Sep 27, 2012
Convenient, affordable transportation option aims to reduce parking demand, emissions and congestion

CAMBRIDGE, Mass., Sept. 27, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the company's expansion into the city of Tacoma, WA. The Zipcar program will provide Tacoma residents, visitors and businesses with increased access to affordable, convenient transportation options that reduce congestion and emissions.

Sep 13, 2012
Zipcar and Honda bring sustainable transportation alternatives to city residents

CAMBRIDGE, Mass., Sept. 13, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq:ZIP), the world's leading car sharing network, and American Honda Motor Co., Inc. today announced the introduction of 2013 Honda Fit EV battery electric vehicles (BEV) into the Zipcar fleet, starting in San Francisco. The addition of the new electric vehicles comes as a result of the program announced by Honda and Zipcar in April 2012, through which Honda became a Zipcar preferred vehicle manufacturer with a focus on hybrid and electric vehicles.

Aug 22, 2012
Nissan Leaf EVs and other plug-in electric hybrid vehicles to be outfitted with Zipcar's FastFleet® proprietary fleet sharing technology for use by city employees

CAMBRIDGE, Mass., Aug. 22, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced a new partnership with the City of Houston to launch a municipal electric vehicle (EV) fleet sharing program, called Houston Fleet Share. Through this program, 50 existing city-owned fleet vehicles – including 25 Nissan Leaf EVs – will be outfitted with Zipcar's FastFleet® proprietary fleet sharing technology for use by city employees across all departments.

Aug 21, 2012
Zipvan is changing how people and businesses move and transport goods with hassle-free service, convenient access and simple pricing

CAMBRIDGE, Mass., Aug. 21, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced plans to expand the company's Zipvan™ cargo van service across North America. Zipcar is launching the Zipvan service in Seattle, Los Angeles, Philadelphia and Portland, Oregon today, and will roll out the service to its remaining metro markets in North America over the next 12 months.

Aug 2, 2012
Revenue of $70.8 million; adjusted EBITDA of $3.4 million

CAMBRIDGE, Mass, Aug. 2, 2012 (GLOBE NEWSWIRE) -- Zipcar, Inc. (Nasdaq:ZIP), the world's leading car sharing network, today reported results for the second quarter ended June 30, 2012.

Highlights

Jul 11, 2012
World's leading car sharing network continues European expansion in top growth market

CAMBRIDGE, Mass., July 11, 2012 /PRNewswire/ -- Zipcar, Inc. (NASDAQ: ZIP), the world's leading car sharing network, today announced the acquisition of Denzel Mobility CarSharing GmbH, a leading car sharing service in Austria, operating under the name CarSharing.at. With this deal, Zipcar continues to grow its car sharing network globally, expanding the company's geographical footprint further into Europe.

Jun 27, 2012
Social media initiative proves successful for Zipcar brand, increasing brand following and member interactions

CAMBRIDGE, Mass., June 27, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car-sharing network, recently wrapped up its first "The Ultimate Ziptrip" social media contest, awarding Cambridge, Massachusetts-based Jason and Elizabeth Hart an all-expenses paid trip to San Francisco. The Hart couple entered the Facebook contest with almost 5,000 other Zipcar fans, and after a month of voting, they were declared the winners of a trip to their chosen Zipcar city.

Jun 26, 2012
Convenient, affordable transportation option expands outside the New York City market

CAMBRIDGE, Mass., June 26, 2012 /PRNewswire/ -- Zipcar, Inc. (NASDAQ: ZIP), the world's leading car sharing network, and White Plains Mayor Thomas Roach today announced the expansion of the Zipcar car sharing service into the City of White Plains. The new Zipcar program will provide White Plains residents, businesses and visitors with increased access to affordable, convenient transportation options that are proven to reduce congestion and emissions.

The Zipcar program will launch with eight vehicles in three locations in downtown White Plains, including the following:

Jun 6, 2012
New offerings make it easier to "Get Out and Zip" in Toronto this summer

CAMBRIDGE, Mass., June 6, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the expansion of its suite of offerings in Toronto with the launch of the "Zipvan" cargo van service and a new pilot for a monthly membership plan. Both new offerings are designed to make Zipcar membership as convenient and cost-effective as possible for Toronto residents just in time for summer, which is traditionally one of the most popular times of the year for moving, road trips and excursions.

Jun 6, 2012
New "pay per month" membership option offers increased flexibility for car sharing members

CAMBRIDGE, Mass., June 6, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the launch of a pilot program for a new monthly membership plan now available in Chicago. The new plan allows Chicago residents to pay for their Zipcar membership as they go, providing a new option for those who want to test out the service or who want access to car sharing for a few months without an annual commitment.

Jun 1, 2012
Gilligan brings experience in global expansion, digital commerce and member-based product and service offerings

CAMBRIDGE, Mass., June 1, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the election of Ed Gilligan, vice chairman of American Express Company, as a member of its board of directors. Mr. Gilligan, along with Zipcar Chairman and CEO Scott Griffith and long-time board member Bob Kagle, were elected as Class 1 directors at Zipcar's Annual Meeting of Stockholders held on May 31, 2012.

May 29, 2012
An innovative employee benefit that saves both employer and employee money and protects the environment

LONDON, May 29, 2012 - Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, is launching an innovative, easy-to-use salary sacrifice scheme that saves money for both companies and employees, whilst protecting the environment by replacing traditional car ownership.

May 21, 2012
UK-first sees electric Vauxhall Ampera offered through Zipcar car sharing scheme

- 2012 european car of the year emits just 27g/km co2 and returns 235.4 mpg
- ampera available for members to reserve in five london boroughs from 21 may 2012
- environmentally friendly electric vehicles feature incredible, eye-catching liveries

LONDON, May 21, 2012 – Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced a pilot partnership with car manufacturer, Vauxhall, that sees the all-new electric Ampera join its fleet of self-service, pay as you go vehicles for the next six months.

May 17, 2012
Successful pilot program expands to offer utility vans in Chicago in time for summer

CAMBRIDGE, Mass., May 17, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the expansion of its "Zipvan" pilot cargo van service to Chicago. With this expansion, the Ford E-150 full size cargo vans currently available through the service in San Francisco, Boston and Washington, D.C., are now available for use by Zipcar members throughout the Chicagoland area.

May 16, 2012
Crowds, noise and cost of living also top the list of stresses for city dwellers - Car sharing schemes can provide the antidote to city-related stress

LONDON, May 16, 2012 – Zipcar, Inc. (Nasdaq: ZIP), the world’s leading car sharing network, today released its City Index revealing that the stresses and strains of urban living is leading to the spread of “Urbanitis”; a wide-spread social condition prevalent in the UK’s major cities, which manifests as a driving desire to challenge the status quo of city living.

May 16, 2012
New findings show car owners could save over £3,000 a year with car sharing Londoners could benefit from up to £1bn per year by switching to Zipcar

LONDON, May 16, 2012 - Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today released new cost-savings data to support the growing transition from car ownership to car sharing – citing savings of up to £3,162 a year.1

May 10, 2012
Continued relationship to fund 2012 domestic fleet expansion on favorable terms

CAMBRIDGE, Mass., May 10, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced it has renewed its asset backed securitization (ABS) program with Credit Agricole Corporate and Investment Bank. First announced in May 2010 and extended in May 2011, this renewed facility provides an aggregate of $50 million in variable funding to support Zipcar's growing domestic fleet. The one-year renewal represents an improvement on the terms of the current agreement.

Apr 27, 2012
Zipcar launches Austin as its 18th major market; brings sustainable, reliable and convenient transportation alternatives to city residents

CAMBRIDGE, Mass. and AUSTIN, Texas, April 27, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car-sharing network, along with City of Austin Austin Mayor Lee Leffingwell and Council Member Chris Riley, today announced a significant expansion of the Zipcar car sharing network into the City of Austin.

Apr 26, 2012

CAMBRIDGE, Mass., April 26, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the appointment of Ciara Smyth as its EVP of Human Resources. In this role, Smyth will be based in Zipcar's Cambridge, Mass. office and will oversee global talent programs and policies at Zipcar. She will report directly to Scott Griffith, Zipcar chairman and CEO.

Apr 25, 2012
Revenue of $59.1 million with 23% growth in total membership

CAMBRIDGE, Mass., April 25, 2012 (GLOBE NEWSWIRE) -- Zipcar, Inc. (Nasdaq:ZIP), the world's leading car sharing network, today reported results for the first quarter ended March 31, 2012.

Scott Griffith, Chairman and CEO, commented, "Our first quarter results set the stage for a strong 2012. During the period, we generated 22% revenue growth in our North American markets while improving performance in our UK operations. We remain on track to deliver our first full year of US GAAP net income based on our growth trajectory, our leading brand and our first-to-scale advantage."

Apr 23, 2012
First year of "Students with Drive" recognizes worthy student organizations on university campuses; UCLA's choral activities receives $25,000 grand prize

CAMBRIDGE, Mass., April 23, 2012 /PRNewswire/ -- Ford Motor Company (NYSE: F) and Zipcar, Inc. (Nasdaq: ZIP), the world's leading car-sharing network, today announced the culmination of the first year of the "Students with Drive" grant program, which donated a total of $300,000 to student organizations on university campuses throughout the United States. Today, in an event at the University of California Los Angeles (UCLA), Zipcar and Ford recognized UCLA's Choral Activities at the as the "Students with Drive" grand prize winner.

Apr 18, 2012
Convenient, affordable transportation option aims to reduce parking demand, emissions and congestion

CAMBRIDGE, Mass., April 18, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the company's expansion into the city of San Jose, CA. The new Zipcar program will provide San Jose residents, visitors and businesses with increased access to affordable, convenient transportation options that reduce congestion and emissions.

Apr 17, 2012

CAMBRIDGE, Mass., April 17, 2012 /PRNewswire/ -- In celebration of Earth Week, Zipcar, Inc., the world's leading car sharing network, is giving consumers and businesses throughout North America the opportunity to give back to their local communities, as well as enjoy a special membership offer.

Apr 11, 2012
Zipcar and Honda partner to bring sustainable transportation alternatives to city residents

CAMBRIDGE, Mass. and TORRANCE, Calif., April 11, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, and American Honda Motor Co., Inc. today announced that Honda has become a Zipcar preferred vehicle manufacturer with a focus on hybrid and electric vehicles. The agreement will give Zipcar members access to Honda's most technologically advanced, lowest emission vehicles, making an already transformational service even more sustainable.

Apr 2, 2012
Ford of Canada and Zipcar, inc. – the world's leading car-sharing network – are teaming up to help make transportation more affordable, fun and sustainable for students at 11 university campuses across Canada

TORONTO and CAMBRIDGE, Mass., April 2, 2012 /PRNewswire/ -- Ford of Canada and Zipcar, Inc. (Nasdaq: ZIP) – the world's leading car-sharing network – today announced the launch of a national partnership designed to accelerate the use of Zipcar across Canada and introduce a new generation of drivers to Ford vehicles. The strategic alliance is an expansion of the program that Zipcar and Ford launched in the United States in August 2011, and establishes Ford as Zipcar's largest university vehicle partner, reaching students at 11 Canadian campuses in Toronto and Vancouver.

Mar 27, 2012
Successful pilot in San Francisco shows demand for utility vans among membership

CAMBRIDGE, Mass., March 27, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the expansion of its "Zipvan" pilot cargo van service, with additional vans in San Francisco as well as new service beginning in Boston and Washington, D.C. The Ford E-150 full size cargo vans offered through the service give consumers and small businesses a new and more affordable option for transporting items too bulky for cars and pickup trucks.

Mar 22, 2012
Members can now zip around town on electricity instead of gallons

CHICAGO, March 22, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the launch of the company's first large-scale electric vehicle (EV) pilot program in Chicago. Beginning today, five Chevrolet Volts are available to members by the hour, with up to 20 additional EVs to be added into the Chicago fleet during the course of 2012.

Mar 20, 2012
Appointment harnesses Barclay’s strong retail marketing background to grow UK market

London, UK. – March 20, 2012 – Zipcar, Inc. (Nasdaq: ZIP), the world’s leading car sharing network, today announced the appointment of Andrew Barclay into the role of Marketing Director of Zipcar UK. Barclay’s appointment comes at a key time for Zipcar, as they look to focus on and expand their UK operations following their successful integration of Streetcar in December 2010.

Mar 15, 2012
Three Class 1 directors nominated for election at 2012 annual meeting of stockholders

CAMBRIDGE, Mass., March 15, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the nomination of three Class 1 directors including Ed Gilligan, vice chairman of American Express Company, to its board of directors. Mr. Gilligan has been nominated for election at Zipcar's Annual Meeting of Stockholders to be held on May 31, 2012, along with Zipcar Chairman and CEO Scott Griffith and long-time board member Bob Kagle. Mr.

Feb 28, 2012
City of San Francisco tops 2012 list with strong performance across all criteria

CAMBRIDGE, Mass., Feb. 28, 2012 /PRNewswire/ -- Today, Zipcar, Inc. (Nasdaq: ZIP), the world's leading car-sharing network, announced its first-ever Zipcar Future Metropolis Index, which measures, ranks and celebrates top U.S. cities according to five dimensions: sustainability, innovation, vibrancy, efficiency and livability. Based on its strong performance across all dimensions, the City of San Francisco topped the list for 2012. Zipcar Chairman and CEO Scott Griffith personally delivered the award to Mayor Ed Lee yesterday.

Feb 22, 2012
Additional investors include Fontinalis Partners

CAMBRIDGE, Mass. and PALO ALTO, Calif., Feb. 22, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq:ZIP), the world's leading car sharing network, and Wheelz, Inc., the first peer-to-peer (P2P) car sharing company targeting college campus communities, announced today that Zipcar is the lead investor in a $13.7 million Series A round of funding for Wheelz.

Feb 15, 2012
Convenient, affordable transportation option aims to reduce parking demand, emissions and congestion

CAMBRIDGE, Mass., Feb. 15, 2012 /PRNewswire/ -- Zipcar, Inc. (NASDAQ: ZIP), the world's leading car sharing network, today joined the City of West Hollywood to announce Zipcar's expansion into West Hollywood. The new Zipcar program will provide West Hollywood residents, businesses and visitors with increased access to affordable, convenient transportation options that are proven to reduce congestion and emissions.

Feb 14, 2012
Fourth quarter revenue increases 21% to $62.9 million; net income of $3.9 million; EPS of $0.09; adjusted EBITDA of $5.9 million

Zipcar, Inc. (Nasdaq:ZIP), the world's leading car sharing network, today reported results for the fourth quarter and full year ended December 31, 2011.

Feb 13, 2012
Zipcar extends lead with ford alliance, social media, technology applications and student grant programs

CAMBRIDGE, Mass., Feb. 13, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, has now added service to more than 45 college and university campuses since the beginning of the 2011-2012 school year. Zipcar is the leading choice for campus car sharing programs among colleges and universities because its fun, savvy and social brand appeals to students, while its practical, cost-saving and congestion-reducing service appeals to administrators.

Feb 6, 2012
New "FleetHub" program expected to reduce costs and streamline fleet operations for the City of Boston

CAMBRIDGE, Mass., Feb. 6, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced a new partnership with the City of Boston to launch a new fleet sharing program called FleetHub. Through this program, a number of existing city-owned fleet vehicles will be outfitted with Zipcar's proprietary car sharing technology for use by city employees. This program is designed to help the City of Boston improve efficiency, promote sustainability, save money and modernize its fleet - all without sacrificing employee mobility.

Feb 2, 2012

CAMBRIDGE, Mass. and BARCELONA, Spain, Feb. 2, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the completion of its option to purchase a majority ownership interest in Barcelona-based Catalunya Carsharing S.A., known as Avancar. With this transaction completed, Zipcar is now the majority shareholder for the company with a controlling stake of more than 60 percent. This deal builds on Zipcar's initial equity investment in Avancar which was announced in December 2009.

Jan 24, 2012

LONDON, Jan. 24, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the appointment of David Pillinger as its new EU director of finance. In this new role, Pillinger will be responsible for the financial management of Zipcar's current and future European operations.

Jan 18, 2012
frost and sullivan estimates european car sharing market could reach 3 billion euros

CAMBRIDGE, Mass. and LONDON, Jan. 18, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced the appointment of Frerk-Malte Feller as its new president of Zipcar Europe. Feller's appointment comes on the heels of Zipcar's successful integration of Streetcar in the UK, along with the company's announcement of plans to take a majority stake in Barcelona-based Avancar. These initiatives in late 2011 provide a solid foundation for Zipcar's planned growth and expansion throughout Europe.

Jan 4, 2012
Funding to cover 2012 domestic fleet expansion needs

CAMBRIDGE, Mass., Jan. 4, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, today announced a relationship with Barclays Capital under which Zipcar has issued a new series of variable funding notes pursuant to its asset backed securitization (ABS) facility in the principal amount of up to $50 million, increasing the total availability of ABS funding lines to $100 million. The terms of the new series of ABS notes represent a modest improvement on the terms of the currently outstanding series of ABS notes.