Car Sharing
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Zipcar and Flexcar to Merge
October 31, 2007
Car-sharing providers Zipcar and Flexcar will merge. The combined company will operate under the Zipcar brand and be headquartered in Cambridge, MA, led by Zipcar Chairman and CEO, Scott Griffith.
Zipcar and Flexcar currently operate car sharing programs, providing members with on-demand access to a diverse fleet of vehicles located throughout major metropolitan areas. To use the service, members reserve a vehicle online or via a mobile device, use a smartcard to open the doors, take their trip, and then return the car at the end of the reservation. An hourly or daily fee covers gas, insurance, maintenance, parking and 24-7 emergency service.
