Online car sharing service “Zipcar” announced Wednesday that the company obtained financing round in $2100 million, Meritech Capital Partners invested in 2000 million U.S. dollars, Pinnacle Ventures invested 100 million U.S. dollars.
Zipcar did not elaborate on how it will use the funds, but said the work will be used to meet the funding needs to address the financial needs of staff growth and to continue to expand the scope of company operations. In addition, Zipcar also announced, AOL co-founder and former CEO Steve Case (Steve Case) and Staples (Staples) Vice Chairman, Chief Financial Officer John Mark Honeywell (John Mahoney) will join Zipcar Board of Directors.
Zipcar said that the current membership has surpassed 50 million, in the United States, Canada and the United Kingdom cities, universities, 8,000 cars. Earlier this year, Zipcar to spend $ 50,000,000 acquisition of a British car sharing service Streetcar. There have been reported before, Zipcar plans to IPO financing of $ 75,000,000, to repay debt.
Zipcar is a membership-based online car-sharing company that offers car rental services for members, can be hourly, you can also order days of billing. Zipcar members can Internet, iPhone applications or telephone see the vehicle, and to book through self-service vehicles. Users in the car for more than 1 hour do not have to pay additional charges. In addition, users can use the process of the vehicle through the car’s technology reporting to the control center.
Zipcar was founded in 2000. In 2007, it merged with rival Flexcar. 2009, Zipcar became the world’s largest car-sharing service, 49 cities in the United States, Canada, Vancouver and Toronto, and London has more than 6,000 cars. April 1 this year, Zipcar car-share acquisition of the British service Streetcar, which is the expansion of the European operations of the latest initiatives.