The San Francisco-based peer-to-peer car sharing service RelayRides has added to its Series A round, pushing its total funding up to $13 million. The money comes from GM Ventures, which joins Google Ventures, August Capital, and Shasta Ventures. PRESS RELEASE: RelayRides (http://www.RelayRides.com), the world’s first neighbor-to-neighbor carsharing marketplace, today announces that General Motors Ventures and [...]
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Google’s latest and greatest acquisition is its $12.5 billion buy of Motorola, incorporating into its stable a major handset maker and patent library that transcends the company’s long-held advertising and search business model. But how many other sectors is the search giant planning to enter? Well, just take a look at Google Ventures’ portfolio, and [...]
The IPO of 11-year-old VC-backed carsharing service Zipcar Inc. (Nasdaq: ZIP) took off like a rocket today, rising more than 60% from its $18 a share offering price. At one point today, Zipcar stock was speeding along at $31.50 a share. Reuters has more here. And that’s tremendous news for rival carsharing services, says Shelby [...]
Once you’ve signed up for Zipcar or RelayRides or some other neighbor-to-neighbor car sharing startup that is quickly pulling out of the garage with venture funding, do you know where to park? Streetline Networks says it can help find that spot. Using ultra low-powered sensors buried city streets networked with a 1.99-cent iPhone app named [...]
Cities with limited parking and mediocre public transit tend to attract two kinds of people. First, there are those who own cars and complain about parking tickets, monthly payments and the wasted time spent circling for a spot every time they go out. Second, there are those who do not own cars, and lament the [...]