SEATTLE — Steve Case, AOL co-founder, said he invested an undisclosed amount in the Seattle-based company Flexcar through his $500 million Revolution LLC investment fund, which focuses on lifestyle, health, and resort businesses. Former Chrysler Chief Executive Lee Iacocca also will invest and join the board, Case said Aug. 30 in a phone interview with Bloomberg News. Retail gasoline prices have gained 35 percent in the past year, helping car-sharing services catch on in U.S. cities including Seattle, Washington, D.C., and Los Angeles. Flexcar and its Boston-based rival, Zipcar Inc., both say they’re signing twice as many members as a year ago; Zipcar claims 45,000 members, while Flexcar says it has 35,000. Car-share customers pay a fee to rent vehicles for as little as a half-hour. The cars are parked in neighborhoods or near a transit hub. Users reserve vehicles online or by phone, and use electronic cards to access them. They must then return the cars to reserved spots. Case, 47, said he became interested in Flexcar four months ago while walking past one of its parking spots near Revolution’s offices in Washington. He used the service several times to reach meetings around the city. Case’s investment will help Flexcar expand, according to the CEO of the six-year-old company, Lance Ayrault. Within five years, Flexcar expects to have 1 million members and a fleet of 20,000 cars, up from 450 today. About 25 percent of Flexcar’s members are businesses, including Seattle-based Starbucks Corp. and law firm Perkins Coie LLP, which isn’t replacing some cars in its motor pool. According to Bloomberg News, Flexcar’s customers in Seattle pay an hourly fee of $9. Many of Flexcar’s vehicles are Honda Motor Co.’s Civic hybrids, which can travel as far as 51 miles on a gallon of gas and produce less pollution by running on a gasoline-powered engine with an electric motor.
AOL Co-Founder Buys Majority Stake in Flexcar
SEATTLE — Steve Case, AOL co-founder, said he invested an undisclosed amount in the Seattle-based company Flexcar through his $500 million Revolution LLC investment fund, which focuses on lifestyle, health, and resort businesses. Former Chrysler Chief Executive Lee Iacocca also will invest and join the board, Case said Aug. 30.
More Operations

BBL Fleet Acquires Velcor Leasing Corporation
BBL Fleet expanded its footprint in the fleet management industry with the acquisition of Velcor Leasing Corporation of Madison through a stock purchase agreement finalized Feb. 27, 2026.
Read More →
Lytx Introduces New AI Fleet Technologies at Protect 2026
The company introduced new AI-driven fleet safety and operations technologies during its annual user conference.
Read More →
Fleet Costs Are Rising: Here’s How Leaders Are Responding
Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.
Read More →From Waffle House to AI: Fleet Trends You Need to Know
In this AF news recap, host Faith Howell covers how Waffle House stepped up during disaster response and new AI tech on the market.
Read More →Fleet Operations in the Age of AI: Navigating Ethical and Legal Challenges
AI is no longer a future concept for fleets—it’s already embedded in the tools, data, and decisions that operators rely on every day. In this episode of the Fleet Forward Podcast, recorded live at Fleet Forward, industry leaders take the conversation beyond hype to examine what responsible AI adoption really looks like in fleet operations.
Read More →Factory Installed vs. Aftermarket: Choosing the Right Telematics Path & Managing the Data
As fleets rethink how they capture, manage, and act on vehicle data, telematics is at a major inflection point. In this episode of the Fleet Forward Podcast, we dive deep into one of the most pressing questions facing fleet leaders today: Should you rely on OEM factory-installed connectivity, aftermarket devices, or a hybrid of both?
Read More →
What Real-Time Data Reveals About EV Cost, Performance, and Scalability
Experts from telematics analytics, fleet-as-a-service operations, and national EV benchmarking share how real-time data is reshaping fleet strategy—dispelling assumptions, validating best practices, and exposing costly missteps.
Read More →
Planning Through Policy Shifts: What Fleets Must Track in 2026
A powerhouse panel featuring experts from the American Automotive Leasing Association, CalSTART, and municipal fleet leadership dives into the realities of navigating shifting emissions rules, regulatory waivers, federal agency actions, the future of the EPA’s endangerment finding, and the push for unified standards. They also examine the impacts of tariffs, autonomous vehicle policy, battery innovation, and the accelerating global EV market.
Read More →
Managing Market Turbulence with Strategic Fleet Insights
This episode kicks off with a deep dive into the technologies and market forces reshaping today’s fleet landscape. Host Chris Brown is joined by Laolu Adeola (Leke Services), Tyson Jomini (J.D. Power), and Richard Hall (ZappiRide) to break down real-world data, shifting incentives, and practical strategies fleet leaders can use right now.
Read More →
Adapting Fleet Policy When Disasters Strike
In the middle of natural disasters fleet managers must shift priorities to protect people and assets. What policy items should be loosened, and when should the line be held?
Read More →