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Local Motion funding, valuation and investors
Enterprise fleet-sharing hardware and software for corporate campuses—acquired by Zipcar in 2015.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
$6M · August 2013
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$6M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
acquired
acquired · San Francisco, California
Investors in latest funding
Lead: Andreessen Horowitz
Latest tracked event: Acquired by Zipcar (August 2015). It is shown separately because it is not counted as disclosed equity funding.
Overview
Local Motion, founded in San Francisco, built hardware and software for enterprise fleet sharing—letting companies manage shared vehicles on corporate campuses and between offices. The company raised a $6 million Series A in August 2013 led by Andreessen Horowitz per TechCrunch, with board involvement from a16z's Steven Sinofsky. In August 2015, Zipcar acquired Local Motion to integrate fleet-management technology into its car-sharing platform (later part of Avis Budget Group). Local Motion's product combined connected vehicle hardware with scheduling and access control for employer-operated shared fleets.
Why Local Motion is interesting
Sinofsky's first a16z board seat backed shared mobility for enterprise fleets; Zipcar folded the tech into Avis's car-sharing platform before ride-hail ate short trips.
Product & use cases
Local Motion provided connected hardware plus cloud software for corporate fleet sharing—reservations, keyless access, and utilization analytics for campus vehicles.
- Corporate campus shared vehicle pools
- Inter-office employee mobility programs
- Fleet utilization tracking for sustainability reporting
Key facts
- Series A (Aug 2013): $6M led by a16z (TechCrunch)
- Sinofsky's first a16z board seat company
- Acquired Aug 2015 by Zipcar (TechCrunch)
- Enterprise fleet-sharing hardware plus software
Funding history (newest first)
Acquired by Zipcar
2015-08 Not disclosedSource: https://techcrunch.com/2015/08/04/zipcar-acquires-local-motion/
Investors in our directory
Funds linked from Local Motion's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Enterprise-grade access control and analytics—not consumer peer-to-peer rental—aligned with Zipcar's B2B fleet ambitions.
Enterprise fleet sharing was a narrow wedge between full car-sharing and ride-hail. Zipcar acquisition made strategic sense for fleet tech but consumer mobility shifts reduced standalone TAM for campus-focused players.
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Zipcar (pre-acquisition) direct
Consumer car-sharing; acquired Local Motion for enterprise fleet tech.
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Enterprise mobility startups (2013 era) adjacent
Various campus shuttle and fleet SaaS players.
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Uber/Lyft corporate programs alternative
Ride-hail replaced some short corporate trip use cases.
Notable stories
- Steven Sinofsky joined board—his first a16z portfolio board role after Microsoft (TechCrunch 2013).
- Zipcar bought Local Motion for fleet-management tech as Avis owned Zipcar (TechCrunch 2015).
- Product predated widespread corporate EV fleet programs but targeted same sustainability narrative.
Industries
Related funding articles
Venture Capital Tracker pieces that cover Local Motion's financing or category context.
FAQs about Local Motion
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