Enterprise Holdings is acquiring the business of IGO CarSharing, a non-profit organization serving more than 15,000 members, with more than 200 locations in more than 40 neighborhoods. Established in 2002 as a pilot program of the Center for Neighborhood Technology, IGO was the first car-sharing program in Chicago and has been dedicated to creating an integrated multimodal transportation system for more than a decade.
IGO offers a range of vehicles, including the Nissan LEAF and Mitsubishi i-MiEV battery-electric vehicles.
Financial terms of the transaction will not be disclosed. Enterprise Holdings operates the Enterprise Rent-A-Car brand as well as the National Car Rental and Alamo Rent A Car brands. The company also offers Enterprise CarShare with a suite of products and policies specifically geared to the car-sharing customer experience.
IGO’s services will continue to be offered under its current name as part of the Enterprise CarShare network, while Sharon Feigon, IGO’s chief executive officer, and her team help manage Enterprise’s newest car-sharing division.
Even before the 2007 launch of its first car-sharing program, Enterprise provided hourly rentals to customers in large urban markets who rely on mass transit during the week or simply cannot afford to purchase or maintain a vehicle on their own. Enterprise first launched hourly rentals in Chicago in 2005.