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Zipcar Appoints Frerk-Malte Feller as President of Zipcar Europe

Frost and Sullivan Estimates European Car Sharing Market Could Reach 3 Billion Euros
zipcar MR.jpgZipcar, Inc., the world's leading car sharing network, today announced the appointment of Frerk-Malte Feller as its new president of Zipcar Europe.  Feller's appointment comes on the heels of Zipcar's successful integration of Streetcar in the UK, along with the company's announcement of plans to take a majority stake in Barcelona-based Avancar.  These initiatives in late 2011 provide a solid foundation for Zipcar's planned growth and expansion throughout Europe.   

In his new role as president of Zipcar Europe, Feller will report directly to Scott Griffith, Zipcar chairman and CEO, and will be responsible for implementing and overseeing the company's planned growth strategy throughout Europe.  Mr. Feller will have full operational and P&L responsibility for all of Zipcar's current and future European operations.

"With the integration of Streetcar's operations in the UK now complete, Zipcar is well positioned as one of the top car sharing operators in Europe.  I am pleased to welcome Frerk-Malte Feller to the Zipcar team to lead our European expansion, as we work to bring the economic and environmental benefits of car sharing to additional markets overseas," said Scott Griffith, Zipcar chairman and CEO. "Malte's highly relevant experience with introducing and scaling innovative and disruptive businesses in European markets positions him well to head-up our European expansion efforts."

Feller will be based in Zipcar's Wimbledon office and brings deep management experience most recently in his role as managing director for PayPal Australia.  His career with the eBay Inc. family of companies spans more than twelve years, and includes positions as managing director for eBay Germany, as well as managing director of PayPal for Germany, Austria and Switzerland where he helped establish and grow the business in those markets.

According to research by Frost & Sullivan, the market for car sharing in Europe could reach 5.5 million members and 3 billion euros.

"I'm thrilled to join the Zipcar team, especially during such an exciting time in the company's history," said Feller.  "We believe there is significant opportunity for growth and expansion in various European markets and I am excited to help work toward Zipcar's vision of a world in which car-sharing members outnumber car owners in cities around the world."

About Zipcar

zipcar.JPGZipcar is the world's leading car sharing network with approximately 650,000 members and 9,000 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.
Zipcar, Inc.
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