December 1, 2006
Zipcar expands into Toronto and opens in Europe
Toronto, Ontario – U.S.-based Zipcar car sharing service has announced that it will double its Toronto fleet in 2007, thanks to a $25 million funding injection. It will also begin service immediately in London, England, the company’s first European market.
The company says that it is now the world’s largest car sharing company, servicing 80,000 consumer and business drivers with more than 2,500 vehicles in 14 markets worldwide. It will launch four new markets in 2007 and its currently looking at other Canadian cities.
In September 2006, Zipcar announced that Toronto was the fastest market to attain 1,000 members; since then, membership has more than doubled, and is on target to reach 3,000 members by the end of 2006. The company plans to double the number of vehicles in the city while expanding to new locations. For more information, visit www.zipcar.com.