Zipcar And Ford Exec’s Firm Back College Car Sharing

Zipcar (ZIP), a novel by-the-hour car sharing service and 2011 IPO, is backing an even newer idea: share your own car. Zipcar said Wednesday that it has taken the lead in a $13.7 million series A investment round in Wheelz, a startup that lets college students make money sharing their own cars parked on campus. Intelligent-transportation investment firm Fontinalis Partners, co-founded by Ford Motor (F) Executive Chairman Bill Ford, is another backer.