In December 2009, Zipcar announced their participation in a round of financing with Avancar, the largest on-demand car rental company in Spain, based in Barcelona. Under the terms of the agreement, Zipcar acquired a minority interest in Avancar, a Zipcar executive joined Avancar's board and Zipcar was given a year option to increase the company's ownership stake. Later on in April 2010, Zipcar announced that it had acquired London-based car-sharing club Streetcar. In December 2010, Zipcar extended their option for another year through the end of 2011, and provided a monetary loan to Avancar, which is convertible into equity if Zipcar chooses to exercise the option. On October 17, 2012, Zipcar announced the completion of its Avancar integration. On January 22, 2019 Zipcar (Avancar) members received notification that the service would no longer be available as of midnight, February 28, 2019. On Facebook and Instagram, the company cited a decision made by Avis to discontinue the service in the Spanish city.