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In brief: Issue 542 1 Apr 2010

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Car sharing / Teleworking

Car club raises cash for expansion

Car club operator City Car Club has raised £1.8m to help the business expand. The funds will be used to expand the vehicle fleet and cover the costs of its recent acquisition of rival operator WhizzGo. “Our strategic acquisition of WhizzGo, combined with a 90% growth in membership over the course of the last 12 months, meant we needed additional funding to keep up with demand,” said managing director James Finlayson. He said the vehicle fleet would increase from 500 today to...

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