The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Newly Expanded San Francisco Zipcar Office Debuts

Friday, July 22, 2011

Newly Expanded San Francisco Zipcar Office Debuts12:00 EDT Friday, July 22, 2011District 6 Supervisor Jane Kim and local Zipsters Helped Welcome Zipcar to its New SpaceSAN FRANCISCO, July 22, 2011 /PRNewswire/ -- Zipcar, Inc. (NASDAQ: ZIP), the world's leading car sharing network, announced the grand opening of its newly expanded San Francisco office, located at 191 2nd Street, South of Market.  Zipcar celebrated the opening with a Ribbon Cutting ceremony with special guest District 6 Supervisor Jane Kim, along with an event for local-area members, who the company calls "Zipsters," featuring a raffle and complimentary treats from Jamba Juice and the local Rib Whip food truck.(Photo: http://photos.prnewswire.com/prnh/20110722/NE40009-a )(Photo: http://photos.prnewswire.com/prnh/20110722/NE40009-b )The new office is a result of Zipcar's growing success in the San Francisco area and provides the city the opportunity to further reduce congestion, emissions and parking demand.  Zipcar first began operations in San Francisco in 2005, with a fleet of 29 vehicles in three neighborhoods.  Over the past six years, the company has grown to offer nearly 1,000 vehicles in over 33 neighborhoods throughout the San Francisco Bay Area, making San Francisco one of Zipcar's most popular markets in the nation.  "We have an extremely enthusiastic base of Zipsters here in San Francisco, and I want to thank our members for their loyalty and for helping us grow to where we are today," said Michal Uribe, general manager, Zipcar San Francisco. "With the opening of our newly expanded office and the addition of new cars this summer, we're pleased to now offer even more convenient car sharing options to residents, college students and businesses in the Bay Area.  Zipcar's long-term vision is a world where car-sharing members outnumber car owners in cities around the world, and our growth in San Francisco is helping bring us closer to this vision every day."Zipcar provides a viable alternative to car ownership, making it an important component of a sustainable transportation network in San Francisco.  National studies have shown that each shared Zipcar takes 15 privately owned vehicles off the road and that vehicle miles traveled per driver is reduced almost 50 percent when car owners switch to car sharing.  In addition, a recent Zipcar survey revealed that Zipcar members reported a nearly 50 percent increase in the use of public transit after becoming members ? in addition to a 10 percent increase in cycling and 26 percent increase in walking ? all of which help to reduce congestion, mitigate traffic and parking issues, and help reduce the city's overall carbon footprint.  About ZipcarZipcar is the world's leading car sharing network with more than 575,000 members and more than 8,000 vehicles in urban areas and college campuses throughout the United States, Canada and the United Kingdom. Zipcar offers more than 30 makes and models of self-service vehicles by the hour or day to residents and businesses looking for an alternative to the high costs and hassles of owning a car. More information is available at www.zipcar.com.Photos and b-roll footage are available for media purposes at www.zipcar.mediaroom.com. Zipcar and the Zipcar logo are trademarks of Zipcar, Inc.ZIP-GSOURCE Zipcar, Inc.For further information: Greg Winter, +1-617-336-4323, gwinter@zipcar.com