Zipcar Completes Integration of Streetcar into Global Car Sharing Network
Zipcar, Inc. (Nasdaq: ZIP) today completed its final step in the acquisition of Streetcar, the largest car club in London, by integrating Streetcar's vehicles and members into the Zipcar platform. As a result, Zipcar UK members now can access more cars across the UK, utilize industry leading technology and benefit from the Zipcar global network of over 9,000 vehicles.
The integration comes at a time of growth for Zipcar UK and provides a solid foundation for continued expansion across Europe. According to research by Frost & Sullivan, the market for car sharing in Europe could reach 5.5 million members and 3 billion euros.
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