Zipcar, Inc.

Zipcar rents cars by the hour rather than by the day or the week. The company offers access to vehicles parked in designated spaces throughout cities such as Atlanta, Boston, Chicago, London, New York, Philadelphia, Pittsburgh, Portland, San Francisco, Seattle, Toronto, Vancouver, and Washington, DC. Drivers pay a fee to use Zipcar's reservation system and they unlock any Zipcar vehicle using an electronic code. The hourly rate covers mileage, fuel, and insurance. Zipcar primarily targets individuals who wish to supplement the use of public transportation with occasional car rental. Zipcar company was founded in 1999. Investment firm Revolution owns a controlling interest in Zipcar.