Friday, May 18th, 2012

X Prize Awards $10M in Progressive Automotive X Prize

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X Prize Awards $10M In Progressive Automotive X Prize
The X Prize Foundation has awarded three teams a total of $10M, in its Progressive Automotive X Prize, the group announced today, including team Edison2 of Lynchburg, Virginia, X-Tracer of Winterthur, Switzerland, and Li-ion Motors Corp. of Mooresville, North Carolina. The three were selected from a field of 111 teams, representing 136 vehicles. Edison2 won the $5M mainstream class for the prize …

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