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TheStreet Open House

Zipcar And The City Of Houston Launch First Of Its Kind Municipal Electric Vehicle Car Sharing Program

Stocks in this article: ZIP

"I would like to applaud Mayor Parker and the City of Houston for all the work they have done to make the city's municipal fleet one of the most sustainable in the country through their dedication to EVs and hybrid vehicles.  We're excited to help make this program even more efficient with the addition of Zipcar technology into these vehicles," said Scott Griffith, Zipcar chairman and CEO. "By utilizing Zipcar's FastFleet technology through the new Fleet Share program, the City of Houston joins smart city governments focused on developing solutions to complex transportation challenges."

The City of Houston selected Zipcar as its fleet technology provider through a competitive bidding process.

By using Zipcar's FastFleet technology, the City of Houston will be able to design and configure its fleet footprint in real time for optimal utilization; manage hundreds of critical activities including preventive maintenance, fueling, billing, and fleet distribution; analyze usage and diagnostic data, automatically captured during every trip; and utilize Zipcar's robust, experience-driven analytics to stay on top of trends and in control of its fleet.

Zipcar's FastFleet technology has already been adopted through similar initiatives in Washington, D.C., Chicago and Boston. In 2009, Washington, D.C. became the first city to use Zipcar technology in their fleet, allowing fleet operators to eliminate cars, save money and reduce emissions.  D.C. officials estimate that they save approximately $1 million per year using the technology.

In March 2011, the City of Chicago became the first city in the country to integrate both the use of Zipcar's FastFleet technology in their existing fleet and Z4B (Zipcar for Business), Zipcar's business transportation solution. According to the city's projections, the integrated program could save Chicago hundreds of thousands of dollars in transportation costs over the next several years.

In addition, the City of Boston launched the FleetHub program using Zipcar's FastFleet technology in February 2012, creating an interdepartmental fleet of vehicles for use by city employees.  With a focus on fleet modernization and sustainability, the program will help the City dispose of older, under-utilized vehicles, while helping to modernize the fleet with alternative fuel and hybrid vehicles.

About Zipcar Zipcar is the world's leading car-sharing network with more than 730,000 members and 11,000 vehicles located in major metropolitan areas and college campuses throughout the United States, Canada, the United Kingdom, Spain and Austria. 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.

About Zipcar's FastFleet® Technology FastFleet is Zipcar's proprietary car sharing technology that enables fleet managers to save money, reduce risk and promote sustainability by leveraging the same technology that powers Zipcar's consumer fleet. The FastFleet program empowers client fleet administrators to determine the numbers, types and locations of vehicles, which are then equipped with Zipcar's in-vehicle technology, wirelessly linking them to a dedicated server. Utilizing FastFleet technology makes reserving and driving a vehicle a seamless process for employees, while providing significant benefits to fleet managers as well. More information is available at www.fastfleet.net.

Zipcar, FastFleet and the Zipcar logo are trademarks of Zipcar, Inc.

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