There's a race going on to be the best peer-to-peer car sharing service, with almost half a dozen getting fueled up with financing over the last six months. On Wednesday, yet another one got some fuel in the tank to take off, this time across college universities. Palo Alto, Calif.-based Wheelz, a relatively new peer-to-peer car-sharing service dedicated to college campuses, announced Wednesday that it's received $13.7 million in a Series A round of funding, led by ZipCar, and participation from Fontinalis Partners, a transportation technology strategic investment firm based in Detroit. The new amount brings Wheelz total amount of funding to $15 million, including a $2 million seed round from angel investors, including Chamath Palihapitiya, who recently started his own fund called The Social+Capital Partnership, as well as Aydin Senkut (of Felicis Ventures) and Red Swan Ventures, run by Andy Dunn, the founder of Bonobos.
- Published in Technology