Wheelz, Inc., a Palo Alto, California-based peer-to-peer (P2P) car sharing company targeting college campus communities, has raised $13.7m in its Series A round of funding.
The round was led by car sharing network Zipcar, Inc. (Nasdaq: ZIP), with participation from Fontinalis Partners.
The company intends to use the capital to continue to grow and scale its business.
Jim Freer, former vice-chairman of Ernst & Young, and Mark Schulz, Founding Partner at Fontinalis, will be joining Zipcar Chairman and CEO Scott Griffith Scott Griffith on the company’s board.
Led by founder and CEO Jeff Miller, Wheelz provides a car sharing platform focused on needs of campus communities by connecting students who own cars with students who need them.
It enables car owners to earn money from their car when they are not using it and provides car borrowers with affordable access to get a vehicle for any occasion including shopping excursions, dates and weekend trips.
FinSMEs
22/02/2012