Zipcar To Share Ride With Flexcar
Robert Buderi10/31/07
Zipcar, the Cambridge-based car sharing service, announced today that it will merge with Flexcar, a Seattle firm whose main owner is Revolution, a Washington, DC, investment company founded by ex-AOL Time Warner Chairman Steve Case. Zipcar is the world’s largest car sharing provider, with 120,000 members in more than 35 cities, according to the company’s press release. Flexcar is roughly half that size, bringing the services’ combined membership to around 180,000. There’s a good writeup in Red Herring, which quotes Jonathan Seelig, a managing director at Boston-based Globespan Capital Partners, one of Zipcar’s main investors, as saying: “This business is better at scale.”
Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926, or follow him on Twitter at http://twitter.com/bbuderi.
