Tag Archives: x prize

Three Teams Awarded Share of $10 Million Purse in Progressive Insurance Automotive X PRIZE for Super Fuel-Efficient Vehicles

WASHINGTON (September 16, 2010) – The X PRIZE Foundation, an educational nonprofit prize organization, and Progressive Insurance, the country’s fourth largest auto insurance group, today, at the Historical Society of Washington, D.C., awarded $10 million to three teams who successfully completed the rigorous Progressive Insurance Automotive X PRIZE. The winning teams—Edison2 of Lynchburg, Virginia; X-Tracer of Winterthur, Switzerland; and Li-ion Motors Corp. of Mooresville, North Carolina—emerged from an original field of 111 competing teams, representing 136 vehicle entries from around the world. The winning vehicles were showcased to an audience of auto industry, business and government leaders. Each of the winning teams was also presented with a towering bronze trophy designed by Harry Winston, Inc.

Continue reading Three Teams Awarded Share of $10 Million Purse in Progressive Insurance Automotive X PRIZE for Super Fuel-Efficient Vehicles

Progressive Insurance Automotive X PRIZE Chooses Michigan for 2010 Competition Events

Detroit, MI. (January 12, 2010) – The Progressive Insurance Automotive X PRIZE has chosen the state of Michigan to host an intense multi-stage competition that aims to pit some of the world’s most fuel efficient vehicles against one another in a quest to win their share of a $10 million prize purse. Fifty-one super efficient cars from 41 teams survived the rigorous design judging phase and now aim to ready their vehicles for the start of on-track performance events in the spring of 2010, thanks to a unique new partnership with the Michigan Economic Development Corporation (MEDC) and the Michigan International Speedway (MIS), announced today at the North American International Auto Show.

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Progressive Insurance Automotive X PRIZE Announces Teams Qualified to Compete for $10 Million & Launch National Student Contest

New York, NY – October 19, 2009 The Progressive Insurance Automotive X PRIZE, a multimillion dollar competition to inspire a new generation of viable, super fuel-efficient vehicles, today announced the 43 teams— representing 18 states, 10 countries and 6 fuel types, that have passed the competition’s Design Judging phase and will move into the most exciting phase of the competition – performance and safety testing – putting them one step closer to their share of the $10 million prize purse. Continue reading Progressive Insurance Automotive X PRIZE Announces Teams Qualified to Compete for $10 Million & Launch National Student Contest

New York City Announced as First Stage of the $10 Million Progressive Insurance Automotive X PRIZE Competition

Michael Bloomberg
Michael Bloomberg

March 24, 2008

New York, NY—Mayor Michael Bloomberg has announced that New York City will kick off the $10 million cross-country Progressive Automotive X PRIZE race in September 2009. The announcement came just weeks before the one year anniversary of PlaNYC, the City’s plan to create a greener, greater New York. Continue reading New York City Announced as First Stage of the $10 Million Progressive Insurance Automotive X PRIZE Competition

X PRIZE Foundation & Progressive Insurance Join Forces to Officially Announce the $10 Million Progressive Automotive X PRIZE

Automotive X Prize
Automotive X Prize

NEW YORK (March 20, 2008) – Today at the New York International Auto Show, the X PRIZE Foundation and Progressive (NYSE:PGR) jointly announced the company’s Title Sponsorship of the Progressive Insurance Automotive X PRIZE competition and its funding of the $10 million prize purse.

The newly renamed Progressive Automotive X PRIZE is an international competition designed to inspire a new generation of viable, super fuel-efficient vehicles. The independent and technology-neutral competition is open to teams from around the world that can design, build and bring to market 100 MPGe (miles per gallon energy equivalent) vehicles that people want to buy, and that meet market needs for price, size, capability, safety and performance. Continue reading X PRIZE Foundation & Progressive Insurance Join Forces to Officially Announce the $10 Million Progressive Automotive X PRIZE