Good, but not great, growth has Wall Street punishing car sharing market leader Zipcar, which IPO’ed at $18 last year, zoomed to $28 and now sits at around ten bucks. But the question on many people’s minds is: What is Hertz doing? Read More »
The tragic story in which a man rented a car in Boston via peer-to-peer car sharing company RelayRides and wound up seriously injuring four people while losing his life, raised a familiar question for the share economy: Who’s responsible? Read More »
The market was not in love with Zipcar’s Q1 earnings, which drove the share price down 10 percent this morning. Read More »
Automakers have cautiously been exploring car sharing. The inherent conflict is that if more people share cars, fewer people will buy cars. But at CES this week Daimler said it plans to expand its car-sharing service Car2Go to 12 more cities this year. Read More »
Zipcar turned its first quarter profit in a decade recently. Zipcar’s CEO, Scott Griffith, answers questions about the future of the company and the $10B global car sharing market. Read More »
Car sharing company Zipcar says it plans to offer cargo vans — Zipvan — in a pilot project in San Francisco in response to customers showing an interest in renting large Zipcars by the hour for moving stuff around cities. Read More »
Today in Green IT: The Q3 Numbers
By Adam Lesser
Oct. 10, 2011, 12:09pm PT
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The third quarter’s numbers are out from the Green IT section of GigaOM’s research subscription service GigaOM Pro. Solar is struggling, while IT-based systems like car sharing are soaring. Dig into the details with us. Read More »
Two peer-to-peer car sharing startups have launched in the Bay Area in recent months (there’s at least five here now), and there’s four peer-to-peer car sharing companies in France. Here’s my cheat sheet of a dozen companies offering websites to facilitate car sharing among neighbors. Read More »
Auto giant GM is making its first move into car sharing by partnering with San Francisco-based peer-to-peer car sharing startup RelayRides, using its communications system OnStar. RelayRides also says it is in advanced discussions with GM about an investment. Read More »
Zipcar co-founder and former CEO Robin Chase gives her insights into the importance of branding and her experience creating the car sharing company Zipcar. Read More »
The relationship between car sharing companies and automotive manufacturers bears scrutiny, says GigaOM Pro analyst Adam Lesser in his weekly column. Read More »
Neighbor-to-neighbor car sharing startup Getaround has raised a seed round of funding of $3.4 million. Investors in the round include TechCrunch creator Michael Arrington‘s Crunchfund, Redpoint Ventures, General Catalyst, and a group of angel investors. Read More »
More Must Reads
While many of you know this to be anecdotally true, here’s an official study on the trend: According to the University of California Transportation Center, car sharing leads to the reduction of personal vehicles owned. Read More »
Tech stocks took a beating on Monday morning, the first day of trading after Standard & Poor downgraded the credit ratings of credit agencies. At the same time, greentech stocks — from solar to biofuels to smart grid — fell alongside the weak macro economic news. Read More »
With all the attention (not all of it good) that collaborative consumption companies like Airbnb have been getting lately, we’ve been mulling over some tips for entrepreneurs looking to either start one of these companies now, or hoping to make one of these companies succeed. Read More »
Car-sharing companies highlight the fact that people only use their own cars less than 10 percent of the time. But when it comes to boats, owners use them even less, or about two weeks out of the year — that’s according to startup Nautical Monkey. Read More »
Zipcar’s stock is still flying high after the car sharing company debuted on the Nasdaq last month. To the CEO of neighbor-to-neighbor car sharing startup RelayRides, Shelby Clark, Zipcar’s IPO has shown investors that there’s real money to be made in car sharing. Read More »
While car sharing company Zipcar had a smash hit debut on the Nasdaq last month, how big of a market car sharing will become is still unclear — particularly to rental giant Enterprise. Read More »
At Green:Net next week, we’ll be exploring how adding IT technologies to anything from the power grid, to data centers, to buildings, to lighting can lead to energy efficiency and a more sustainable consumption of increasingly-constrained resources. Read More »
Combine a year in which IPOs are back and car sharing is hot and what do you get? A smash hit success. Zipcar’s stock debuted on the Nasdaq Thursday at an eye-opening $30 per share, up over 60 percent from its offering price of $18. Read More »
With Zipcar’s expected public market debut today, the year of the car as a service (in contrast to personal ownership) has arrived. Internet and mobile technology is the platform for cars as a service in a world with increasingly constrained resources. Read More »
On the eve of Zipcar’s Nasdaq debut on Thursday, the car sharing company priced its stock at $18 per share late Wednesday, well above the previous estimated range of $14 to $16 per share, and raising $174.24 million, far above Zipcar’s original estimate of $75 million. Read More »
Apparently, car sharing company Zipcar’s long-awaited IPO is not off! This week, Zipcar priced its IPO at between $14 and $16 per share for a planned run on the Nasdaq under the symbol ZIP. The company’s 8.3 million shares will net $89.2 million. Read More »
If you own a car but don’t use it much, growing numbers of startups are itching to help you rent it out. One of the latest ventures is Getaround, which aims to set itself apart with a recipe involving Facebook, smart phones, and green cars. Read More »
Over the course of 2010, a rich ecosystem of services, startups and innovations began to take shape around the idea of sharing cars and bikes. Here’s seven steps taken this year toward shared transportation: Read More »
RelayRides, which aims to help people rent out their personal vehicles, launched today and said it raised its first round of investment from Google Ventures and August Capital. It’s part of a trend in which companies are using the web to help people share “stuff.” Read More »
BMW Group is breaking into car sharing with a new pilot project in Munich that will let customers rent any current BMW model by the hour. It fits into much larger trends of innovation around providing mobility as a service — and growing competition for Zipcar. Read More »
Car-sharing is the gateway drug of the growing trend of using the web to help people share “stuff.” According to a report from research firm Latitude called The Sharing Economy, people who try out car-sharing services are more likely to join in other web-based sharing services. Read More »
Zipcar, a Cambridge, Mass.-based startup with the country’s largest car sharing network, has scored a legal victory at home and stepped into a potential antitrust quagmire abroad, according to Zipcar’s latest filing with financial regulators ahead of its planned $75 million IPO. Read More »
Zipcar, a decade old startup with the country’s largest car sharing network, has filed with regulators this morning to raise up to $75 million in an initial public offering. Read More »
With Zipcar busy gobbling up car sharing competitors, a new generation of startups offering a peer-to-peer or distributed model of car sharing is taking shape. Here’s a snapshot of the next-gen car sharing landscape, comparing Spride Share, WhipCar and RelayRides. Read More »
Four years after setting up a car sharing service in London, England, Zipcar announced today that it has acquired the UK’s largest car sharing provider, Streetcar. Now Zipcar faces some questions about how to bridge technology gaps between different models. Read More »
Zipcar has bought London-based car-sharing firm Streetcar in its latest bid to expand across Europe, the companies announced this morning. The acquisition, valued at about $50 million, expands the size of Zipcar’s UK fleet more than fourfold, to 1,770 vehicles. Read More »
Zipcar bills its car-sharing service as a money saver. At the tail end of a recession, has Zipcar — which has said it aims to “cross over to profitability” in 2010, and eventually go public — seen users flock to its service? Read More »
Today, just ahead of releasing its 2010 earnings forecast, Daimler announced it will open its Austin, Texas car sharing network to all city residents next month. Dubbed car2go, it demonstrates a service that could play into a larger Mobility on Demand system. Read More »
AAA’s latest study on vehicle ownership costs reads like a case for fuel sippers, if not for deserting personal cars altogether in favor of alternatives like car-share networks, which often cover fuel, maintenance and insurance costs, and larger “mobility on demand” systems. Read More »
The iPad could change the way vehicle networks operate and how consumers interact with organizations that offer alternatives to personal vehicle ownership. But a few hurdles stand between the device and a meaningful impact on vehicles’ software, entertainment, information and IT systems. Read More »
Death and taxes may have been for Benjamin Franklin the only certainties in life, but research firm Frost & Sullivan adds a third this week: a boom in the car sharing market over the next several years. “It is a trend that WILL happen,” the … Read More »
Zipcar has bought a minority stake in car sharing startup Avancar, with an option to increase its ownership share in the Barcelona, Spain-based company during the next year, according to a release from Zipcar on Friday. This represents the first concrete step Zipcar has revealed … Read More »
Copenhagen residents hardly need to be convinced of pedal power — the city boasted ahead of the UN climate talks taking place there through next week that half of its commuters use bikes to get to work. But that doesn’t mean every Dane needs to … Read More »
Want to transform urban transit? Take a cue from Google, and invent a better algorithm. Service-based transportation networks offer a key for cities to address urban traffic congestion, encourage adoption of alternative transit and slash greenhouse gas emissions from the transportation sector, says Ryan Chin, a … Read More »
At first blush, the ways in which modeling vehicles after smartphones such as Apple’s iPhone could help usher in greener, more connected cars and trucks may not be obvious. But according to Scott Griffith, CEO of Zipcar, the country’s largest car-sharing network, that’s where we’re headed. Griffith … Read More »
What Was Detroit Thinking?: After decades of battling, complaining and maneuvering over fuel economy standards, why did carmakers decide to fall in line with a tough, new nationwide MPG standard this week? — New York Times Climate Outlook Gets Gloomier: New climate modeling suggests that without … Read More »
Following in the footsteps of U-Haul and Enterprise, Hertz rental cars is rolling out its car-sharing program in December, starting with New York, London and Paris. Unlike Enterprise or U-Haul, though, Hertz will be going after consumers. “Hertz’s car sharing is located in city environments … Read More »
Suzuki Motor Co. of Japan, maker of many things small and wonderful, announced recently that it has begun producing a car specifically for car sharing services. Intended for use in the growing Japanese market, the car, a variant of Suzuki’s Swift, is a car-sharing-specific model … Read More »
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