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Streetcar

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Pay-as-you-go urban car and van sharing club. Acquired by Zipcar

Nottingham, United KingdomFounded 2004Transportation
Valuation $0–100M Latest valuation · 2010
Revenue $50–100M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Streetcar

Streetcar was a pioneering car-sharing club in the United Kingdom, founded in April 2004 by Durham University friends Brett Akker and Andrew Valentine. The founders identified the business opportunity after seeing the success of similar car club models in Europe and North America and conducting their own market research. They launched the service with an initial fleet of eight cars in Clapham Junction, London, funding the start-up themselves before securing asset finance and a significant £6.4 million investment from Smedvig Capital in 2007.

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The company's business model was centered on providing a flexible and cost-effective alternative to private car ownership in urban areas. Members could book vehicles, including VW Golfs, Polos, and later BMWs, online or by phone for as little as 30 minutes. Access to the cars was granted via a smartcard, with vehicles parked in dedicated, on-street bays across a dense network. The pricing structure included an hourly rate plus a mileage charge after a free daily allowance, covering costs like fuel, insurance, and the London congestion charge. In 2008, Streetcar expanded its services by launching "Streetcar for Business," which catered to over 2,000 corporate clients with an annual membership and employee access model.

By 2010, Streetcar had grown to become the largest car club in the UK, operating in ten cities with a fleet of approximately 1,500 cars and nearly 100,000 members. The company's rapid growth and dominant market position attracted the attention of its US-based competitor, Zipcar. In April 2010, Zipcar announced its acquisition of Streetcar for an undisclosed sum, a deal that was finalized after regulatory approval. The acquisition led to the full integration of Streetcar's fleet and members into Zipcar's global network by November 2011, with the Streetcar brand being phased out.

Source: Dealroom company data

At a glance

Founded
2004
Headquarters
Nottingham, United Kingdom
Sector
Transportation
Power Law
Colt$25–100M revenue

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Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Smedvig Capital
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇬🇧 United Kingdom · Nottingham HQ
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Market sentiment

Posts on X, past 7 days

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Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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