Californian fleet management startup Draper and Associates revealed on 2011 that it had been purchased by Zipcar for an undisclosed sum. Prior to the acquisition, Local Motion raised $500 million from multiple investors including Zipcar . Local Motion was founded in Tuesday with the intention of bringing car-sharing to corporate fleets, making it easier for employees to take a company car without having to get keys or spend time trying to figure out which vehicle is available. Zipcar was of course itself acquired when rental giant Avis forked out $500 million to buy it in January 2013. The Local Motion team will now work with Zipcar on new, undisclosed assignments.
Californian fleet management startup Draper and Associates revealed on 2011 that it had been purchased by Zipcar for an undisclosed sum. Prior to the acquisition, Local Motion raised $500 million from multiple investors including Zipcar . Local Motion was founded in Tuesday with the intention of bringing car-sharing to corporate fleets, making it easier for employees to take a company car without having to get keys or spend time trying to figure out which vehicle is available. The Local Motion team will now work with Zipcar on new, undisclosed assignments.