July 21, 2011

Team Zipcar Takes on the 32nd Annual Pan-Massachusetts Challenge

BOSTON, July 21, 2011 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car-sharing network, is taking on the 32nd annual Pan-Massachusetts Challenge (PMC) with a team of 25 riders and a goal of raising $150,000 to support cancer research and treatment. This year marks Zipcar's fifth consecutive year of participation in the PMC.

Since 2007, Team Zipcar has raised more than $535,000 to benefit adult and pediatric cancer research and treatment at Dana-Farber Cancer Institute. The PMC annually contributes 100 percent of every rider-raised dollar directly to the Jimmy Fund.

As part of the company's fundraising efforts, Zipcar Boston has wrapped six Kia Soul Zipcars in the colors and logo of the PMC, and is donating $2.00 to the PMC for every hour the wrapped Zipcars are reserved by members and out on the road.

Team Zipcar is made up of 25 riders, including members from its leadership team: Scott Griffith, Chairman and CEO; Mark Norman, President and COO; Ed Goldfinger, CFO; Rob Weisberg, CMO; Sean Quimby, VP, Human Resources and Doug Williams, VP, Engineering.

"At Zipcar, community involvement is part of our DNA and integral to our culture. One of our five core values is 'Have an Impact' and we take that seriously," said Scott Griffith, Chairman and CEO of Zipcar. "Cancer research and care is a very important local cause for us, and our participation in the PMC is something that our entire team looks forward to each year."

The PMC is the nation's most successful athletic fundraising event. On Aug. 6 and 7, 2011, 5,000 cyclists from 34 states and six countries will ride across the Commonwealth in the 32nd annual Pan-Massachusetts Challenge. Since 1980, the PMC has raised more than $303 million to benefit adult and pediatric cancer research and treatment at Dana-Farber Cancer Institute.

"Zipcar is representative of the companies and corporations who have aligned with the PMC," said PMC Founder and Executive Director Billy Starr. "They love the culture and they embrace the mission. They make us stronger and better."

PMC-wrapped Zipcars can be found at Zipcar locations in Boston, Cambridge and Somerville. To donate to Team Zipcar or for more information, visit http://www.zipcar.com/pmc.

About the PMC

The Pan-Mass Challenge is an annual bike-a-thon and a pioneer of the athletic fundraising industry that today raises more money for charity than any other single event in the country. The organization was founded in 1980 and has since raised $303 million for cancer research and treatment at Dana-Farber Cancer Institute through its Jimmy Fund. The PMC is a model of fundraising efficiency. The PMC donates 100 percent of every rider-raised dollar directly to the cause. In 2010, the PMC generated 50 percent of the Jimmy Fund's annual revenue and it was Dana-Farber's largest single contributor. More than 230,000 individual contributions were made to last year's fundraising campaign. In 2011, PMC cyclists will ride with the goal of raising $34 million for Dana-Farber.

About Zipcar

Zipcar is the world's leading car sharing network with more than 575,000 members and over 8,000 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. More information is available at www.zipcar.com.

SOURCE Zipcar, Inc.