Zipcar (ZIP) - profile

Zipcar, Inc. (Zipcar) operates a car sharing network. The Company provides over 400,000 members, also known as Zipsters, with self-service vehicles that are located in reserved parking spaces throughout the neighborhoods where they live and work.

The Company’s vehicles are available for use by the hour or by the day through its reservation system, which is available by phone, Internet or wireless mobile devices. Once the vehicle is reserved, a Zipster simply unlocks the vehicle with his or her keyless entry card (called a Zipcard) and drives away. Its all-inclusive rates include gas and insurance so Zipsters can estimate the total cost of their trips. The Company has two segments: North America and the United Kingdom. In On April 21, 2010, the Company acquired Streetcar Limited.

Address
25 First Street, 4th Floor
Cambridge, MA 02141
United States

Key stats and ratios

	Q3 (Sep '11)	2010
Net profit margin	0.97%	-7.59%
Operating margin	1.92%	-3.98%
EBITD margin	-	3.33%
Return on average assets	0.78%	-8.34%
Return on average equity	1.22%	-
Employees	474	-
Carbon Disclosure Rating	-	-

The Company offers four solutions: individual membership, Zipcar for Universities, Zipcar for business and Zipcar for government, and FastFleet.

• Through individual membership solution, the Company offers a solution for individuals seeking an alternative to the high-cost of urban car ownership. 
• Through Zipcar for Universities solution, the Company provides college students, faculty, staff and local residents living on or near campuses with access to Zipcars, while helping university administrators maximize the use of limited on-campus parking and reduce campus congestion. 
• Through Zipcar for business and Zipcar for government, the Company helps businesses and local governments meet environmental goals and reduce parking requirements by providing their employees with access to Zipcars. 
• Through FastFleet solution, the Company offers a fleet management solution, called FastFleet, on a software-as-a-service (SaaS), basis to organizations that manage their own fleets of vehicles. 

The Company operates its membership-based business in 13 major metropolitan areas and on more than 150 college campuses in the United States, Canada and the United Kingdom. The Company initially focused its operations in three metropolitan areas: Boston, New York and Washington, D.C.