Hence, customers had to return cars to the exact

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In 2006, the company expanded to Canada with the Toronto launch. The company went public in 2007 as part of the company’s effort to raise large funds to expand rapidly. In 2008, Zipcar acquired Streetcar, a UK-based car-sharing company, to expand its own operation further within the UK. As a publicly traded company, Zipcar had to consistently generate high returns for its shareholders while competing keenly with other car-sharing companies.


Unfortunately, Zipcar’s financial performance wasn’t ecuador whatsapp fan impressive amidst the competition it was facing from other companies and pressure from shareholders. In 2013, Avis Budget Group acquired Zipcar for approximately $500. Zipcar got into a stronger financial position after its acquisition in 2013. A few of its operations also became upgraded to offer more flexibility and comfort. For instance, Zipcar launched a one-way car service in 2014 to offer better flexibility.


Prior to that time, Zipcar operated a round-trip model. location they picked them up. The practice was sometimes inconvenient. However, the introduction of the one-way trip now allows customers to drop cars off at a location different from where they picked them up. Who Owns Zipcar Avis Budget Group owns Zipcar. Avis Budget Group, Inc.