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About Zipcar, Inc. (adapted from Zipcar, Inc. prospectus): Zipcar operates the world's leading car sharing network. Founded in 2000, Zipcar provides the freedom of "wheels when you want them" to members in major metropolitan areas and on university campuses. They provide over 560,000 members, also known as "Zipsters", with self-service vehicles that are located in reserved parking spaces throughout the neighborhoods where they live and work. Zipcar vehicles are available for use by the hour or by the day through a reservation system, which is available by phone, internet or wireless mobile devices. Once the vehicle is reserved, a Zipster simply unlocks the vehicle with his or her keyless entry card (called a "Zipcard") and drives away. Rates include gas and insurance so Zipsters can easily estimate the total cost of their trips. Zipsters choose the make, model, type and even the color of the Zipcar they want depending on their specific needs and desires for each trip and the available Zipcars in their neighborhood. Upon returning the Zipcar, the member locks the vehicle and walks away. Zipcar provides its members a convenient, cost-effective and enjoyable alternative to car ownership.
This description is adapted from Zipcar prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus..
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