Avis Budget Group, Inc. is a leading global provider of mobility solutions, operating through some of the most recognized brands in the vehicle rental industry, including Avis, Budget, and Zipcar. The company's history traces back to 1946 when Warren Avis founded the first car rental operation at an airport, a pioneering move that aligned the business with the burgeoning air travel sector. This innovative spirit has continued to define the company's trajectory. In 2006, the vehicle rental division of Cendant Corporation became Avis Budget Group, and a significant milestone was achieved in 2011 with the acquisition of Avis Europe, which reunited the Avis and Budget brands globally under one corporate umbrella. The company further expanded its portfolio in 2013 by acquiring Zipcar, the world's leading car-sharing network, signaling a strategic move into on-demand mobility services.
Headquartered in Parsippany, New Jersey, Avis Budget Group offers a comprehensive range of services catering to diverse customer needs, from premium commercial and leisure rentals under the Avis brand to value-conscious options with Budget. The company's operations are extensive, with approximately 10,250 rental locations in over 180 countries. Beyond traditional car and truck rentals, the Group has embraced digital transformation and innovation to enhance the customer experience and optimize operations. This includes the development of a sophisticated mobile app, a significant fleet of connected vehicles, and investments in a next-generation digital mobility platform. The company is committed to shaping the future of transportation by providing a seamless, integrated, and on-demand travel experience, while also focusing on sustainable practices by incorporating fuel-efficient, hybrid, and electric vehicles into its fleet. This commitment to both technological advancement and environmental, social, and governance (ESG) principles positions Avis Budget Group as a forward-thinking leader in the global mobility landscape.
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