A brief history on the financial struggles and successes of the Company Zipcar during its early stages in life.

1. Andy Shimmin

3. Idea was conceived and
subsequently funded for the
following year.
1999

4. Raised $75,000 for initial
launch in Massachusetts.
2000

5. 2002
Raises $4.7m in funds from
series B round.

6. 2005
Secured $10m from
Benchmark Capital.

7. Began opening offices all
over the world.

8. General Electric funds $20m
for energy efficiency.
2006

9. Merged with rival company
Flexcar.
2007

10. Zipcar app released for
iPhone.
2009

11. Sued for “excessive and
hidden fees”
2011

12. Zipcar goes public.2011

13. Bought by Avis Budget
Group.
2013

14. • Eha, Brian Patrick. "Zipcar Timeline: From Business Idea to IPO to $500
Million Buyout." Entrepreneur. N.p., n.d. Web. 12 Sept. 2016.
• "Learn How Zipcar Drives Explosive growth." VentureBeat. N.p., n.d.
Web. 12 Sept. 2016.
• Xconomy. "Zipcar Snatched Up by Avis After Poor Stock Performance |
Xconomy." Xconomy RSS. N.p., 2013. Web. 12 Sept. 2016.
• "Zipcar." Wikipedia. Wikimedia Foundation, n.d. Web. 12 Sept. 2016.
• "Zipcar's Late Fees Come under Fire with Consumer's Lawsuit in Boston
Federal Court." Mass Market RSS. N.p., n.d. Web. 12 Sept. 2016.
• Zipcar. "Zipcar Secures $20 Million in Vehicle Financing From GE
Commercial Finance Fleet Services." Zipcar Secures $20 Million in
Vehicle Financing From GE Commercial Finance Fleet Services. N.p.,
n.d. Web. 12 Sept. 2016.