Avis
Avis Budget Group, Inc. is a leading provider of car and truck rental services, catering to both businesses and consumers. The company operates several well-known brands, including Avis, Budget, and Zipcar, with a global presence of approximately 5,500 locations across more than 165 countries. Avis primarily serves the premium segments of the commercial and leisure travel markets, while Budget targets more value-conscious customers. The company also manages a diverse portfolio of ancillary services, such as insurance products, roadside assistance, and vehicle accessories, enhancing the rental experience. Avis Budget Group was founded in 1946 and is headquartered in Parsippany, New Jersey. The company has a strong reputation for innovation and customer loyalty within the car rental industry.
Zipcar
Acquisition in 2013
Zipcar is a membership-based car-sharing company that offers self-service automobile rentals to its members, allowing them to reserve vehicles by the hour or day. Founded in 2000 in Cambridge, Massachusetts, Zipcar enables users to access vehicles through its website or mobile app, providing flexibility and convenience. The company's fleet, which includes 6,000 vehicles, is available in various locations, including 49 U.S. cities, as well as in Vancouver, Toronto, and London, making it the world's largest car-sharing service. Members benefit from the ability to rent cars parked in designated spaces within their neighborhoods, facilitating on-demand access to vehicles. In its efforts to expand, Zipcar merged with Flexcar in 2007 and acquired London-based Streetcar in 2010. Through its innovative approach, Zipcar aims to enhance urban living by providing a practical alternative to traditional car ownership and daily rentals.
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