The Progressive Insurance Automotive X PRIZE announced that 22 contenders have been elevated to Registered Team status in the $10-million competition designed to inspire a new generation of viable, super fuel-efficient vehicles.
This first wave of Registered Teams, representing 10 states and five countries, are among the first to have submitted their registration applications. Additional entrants have until early 2009 to submit their applications.
The following 20 teams have been elevated to Registered Team status. An additional two teams have been accepted, but remain confidential.
Final confirmation of each team’s Registered Team status is pending their signature of a Master Team Agreement (MTA) upon its release later this year.
A project of the X PRIZE Foundation, the independent and technology-neutral competition is open to teams from around the world who can design, build and bring to market 100 MPG or energy equivalent (MPGe) fuel economy vehicles that people want to buy. More than 100 additional teams have signed Letters of Intent to compete for their share of the $10 million prize purse, funded by Progressive, and are actively considering entry.
The competition is expected to travel through multiple cities in 2009 and 2010, building consumer demand for vehicles in the competition and demonstrating many practical, clean and affordable vehicle options. Cities involved in the competition route are expected to be announced in early 2009. Winners will be announced in 2010.