Market Overview

From Earlier: Zipcar Leads $13.7M Investment Round in Wheelz Peer-to-Peer Car Sharing Company

Zipcar, Inc. (Nasdaq: ZIP) and Wheelz, Inc announced yesterday that Zipcar is the lead investor in a $13.7 million Series A round of funding for Wheelz.

Wheelz has designed its car sharing platform specifically to meet the needs of campus communities by connecting students who own cars with students who need them. The model empowers car owners to earn money from their car when they are not using it while providing convenient and affordable access for car borrowers to conveniently get the vehicle they need for any occasion including errands, shopping excursions, dates and weekend trips.

Posted-In: News Financing

 

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