Liz Gannes

Recent Posts by Liz Gannes

Zipcar Leads Funding for Wheelz — a P2P Version of Itself

Wheelz, a college campus-based service that matches car owners with borrowers, has raised $13.7 million in Series A funding. What’s particularly interesting is the lead investor: Zipcar.

Wheelz is basically a peer-to-peer version of Zipcar — one of a few such companies that have sprung up in the past couple years.

Wheelz CEO Jeff Miller

In a release, Zipcar CEO Scott Griffith said P2P is likely to “expand the total addressable market for car sharing,” and that investors could expect Zipcar to explore offering its own “mobility services” in a similar vein.

P2P car sharing has itself become a minor turf war. General Motors funded a very similar service called RelayRides, and is helping expand its fleet through an integration with OnStar in-car communications systems. RelayRides has about $13 million in funding from investors including Google Ventures, August Capital and Shasta Ventures, while another competitor, Getaround, has about $5 million from Redpoint Ventures, General Catalyst, CrunchFund and others.

When I talked to Wheelz CEO Jeff Miller last fall, he said his company’s advantages were its strategy of focusing on the college market and its team’s experience at electric vehicle infrastructure company Better Place and Mercedes Benz.

Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik