Avis
Avis Budget Group, Inc., established in 1946, is a global provider of vehicle rental services. It operates through two primary brands: Avis, catering to premium commercial and leisure travel segments, and Budget, targeting value-conscious customers. The company maintains a presence in over 165 countries, with approximately 5,200 locations worldwide. Avis Budget Group also offers ancillary services such as optional insurance products, roadside assistance, and car-sharing through its Zipcar brand. It operates in three main segments: North America, International, and Truck Rental. The company's largest revenue-generating region is the Americas.
Zipcar
Acquisition in 2013
Zipcar is a car-sharing company founded in 2000, offering hourly or daily automobile rentals to its members via an online platform or mobile app. Members can reserve self-service vehicles located in designated parking spaces across various neighborhoods, cities, airports, and campuses worldwide. The company facilitates this service through in-car technology that reports vehicle positions to a central control center. As of 2010, Zipcar had expanded to over 50 cities globally, with a fleet of approximately 6,000 vehicles shared among hundreds of thousands of drivers.
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