We just got a heads up on an announcement that the X Prize Foundation plans to put out a release tomorrow about its Automotive X Prize, which will award cash to a team that has developed a super-efficient vehicle. The non-profit prize institute is planning to announce that 31 teams, including Tesla Motors and Cornell University have signed a letter of intent to compete for the prize.
The world-wide competition accepts applications from teams who will design and build a vehicle that can achieve at least 100 MPG, and is also marketable to the average person. The winners will take home a multi-million dollar cash prize. And of course there’s the feel good reward of developing a car that will cut CO2 emissions around the globe.
Update: Here’s the announcement they released Wednesday morning — check out the full list of teams.
While the final prize amount has not been announced, winners will split a (yet-to-be raised) multi-million dollar prize. Maybe that’s why the list of teams scheduled to compete thus far include respected cleantech players like Tesla Motors.
We’ve received an
(unconfirmed) list of the 31 teams that have already signed up for the competition. They range from academic institutions, such as Cornell University, to well-known electric car companies, like Tesla Motors. Here are a few other lesser known, interesting players:
- Fuel Vapor Technologies, from British Columbia, Canada, is developing a car with “fuel vapor technology” that, used with regular gasoline, makes a car get up to 92 MPG.
- HyKinesys, from California, says they are directing the next-generation hybrid car.
- Munich, Germany’s Loremo thinks reducing the weight and air resistance of a vehicle will make it significantly more fuel efficient.
- The Society for Sustainable Mobility, a California team, is going the open source engineering route in developing its car for the competition.
- Valentin Technologies from Wisconsin is developing a “Hydrostatic Powertrain with Energy Storage.” The company says its powertrain is significantly “smaller and lighter” (than a traditional powertrain), making the vehicle more energy efficient.
- Californian R&D Group Velozzi is developing a two-seater that runs on dual AC motors and lithium ion batteries, according to AutoBlogGreen.
Photo of Velozzi’s concept car via AutoBlogGreen