
Zipcar is owned by Avis Budget Group, Inc. (NASDAQ: CAR), the publicly traded vehicle rental company headquartered in Parsippany, New Jersey. Founded in 2000 in Cambridge, Massachusetts, Zipcar is the largest car-sharing service in the US, offering members hourly access to vehicles in cities and on hundreds of university campuses. Avis Budget acquired it in 2013 for about $500 million.
Parent Company
Acquired
2013
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Zipcar | Avis Budget Group, Inc. | Subsidiary |
Antje Danielson and Robin Chase founded Zipcar in Cambridge, Massachusetts, in 2000, inspired by German car-sharing concepts. Members reserve vehicles online and unlock them with a card, paying by the hour with fuel and insurance included, a model that upended urban car access for people who did not want to own vehicles.
The company grew through city launches and the 2007 merger with rival Flexcar, expanded to hundreds of university campuses, and went public on NASDAQ in 2011. Avis Budget's 2013 acquisition made it a subsidiary, and subsequent years saw the service mature into a stable but slower-growing unit while competitors like Turo's peer-to-peer model gained attention.
Zipcar remains the dominant station-based car-sharing brand in the US, with vehicles in dedicated spots across major cities and campuses, though it has retrenched from some international markets over the years.
What brands does Avis Budget own?
Avis, Budget, Budget Truck, Zipcar, and Payless, operating across about 180 countries.
Is Avis Budget publicly traded?
Yes. It trades on NASDAQ under ticker CAR and has been independent since the 2006 Cendant spin-off.
Does Avis own Zipcar?
Yes. Avis Budget Group acquired Zipcar in 2013 for approximately $500 million.
Who is the CEO of Avis Budget?
Joe Ferraro, a longtime company executive, has been CEO since June 2025.
Where is Avis Budget headquartered?
Parsippany, New Jersey, USA.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Avis Budget Group | USA | 1946 | Mass market | Global | All Genders |
Market Positioning: Zipcar competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Former hotel tower at Atlantis Paradise Island that was closed in 2021 and acquired by Pharrell Williams for redevelopment into Somewhere Else hotel.
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The Royal Towers is privately owned, unlike Zipcar which is under a publicly traded parent company.
Travel HospitalityOwned by Kerzner International Holdings Limited
141-acre water park at Atlantis Paradise Island in the Bahamas, featuring high-speed slides, river rides, and marine habitat experiences, operated by Brookfield Asset Management.
Aquaventure Waterpark is privately owned, unlike Zipcar which is under a publicly traded parent company.
Travel HospitalityOwned by Kerzner International Holdings Limited
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Atlantis Resorts is privately owned, unlike Zipcar which is under a publicly traded parent company.
Travel HospitalityOwned by Kerzner International Holdings Limited
14-acre marine habitat and conservation center at Atlantis Paradise Island offering dolphin encounters and marine education programs.
Dolphin Cay is privately owned, unlike Zipcar which is under a publicly traded parent company.
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