American car rental giants Avis Budget have agreed to buy the car sharing network Zipcar for US $500m.
Zipcar the world’s largest car sharing network has over 750,000 members in the USA, Canada, the UK, Spain and Austria. Members are able to reserve cars up to a year in advance. Access to the car is automated using an access card or smarthone app.
In 2007 Zipcar merged with Flexcar in the US. Further expansion followed in 2010 when Zipcar aquired UK basd Streetcar. In 2012 Zipcar completed the integration of Avancar the largest car sharing network in Spain.