More than half a million London members to be hit by Zipcar closure
The car club has revealed plans to close its UK operations by the end of the year.
The closure of car club Zipcar later this year will affect the 550,000 of it's members in London.
That's the total number of members in the capital, where the service's vehicles are mainly based.
The US-based firm has told customers that it plans to suspend new bookings temporarily at the end of the year.
It also said in an email it has launched a formal consultation with employees.
The UK operation had 71 employees at the end of last year, according to its most recently filed accounts.
Zipcar said its customers would still be able to use Zipcars over Christmas and until December 31.
James Taylor, general manager of Zipcar UK, told customers: "I'm writing to let you know that we are proposing to cease the UK operations of Zipcar and have today started formal consultation with our UK employees.
"We will temporarily suspend bookings, pending the outcome of this consultation.
"This means it will not be possible to make any new bookings beyond December 31 2025, pending the outcome of the consultation."
He added that customer accounts will remain until the company has confirmed its decision at the end of the consultation process.
Accounts showed that the van and car hire firm saw losses deepen to £5.7 million in 2024 after a decrease in customer trips.