Location
StatusClassDesignFuel SourcePowertrain |
Location
StatusClassDesignFuel SourcePowertrain |
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WHY DID TEAMS COMPETE?We have a wide range of teams, from students to start-up companies to large manufacturers that have entered the Progressive Insurance Automotive X PRIZE competition. Each of these teams has their own reasons for entering the Competition, some of which include: $10 MILLION PRIZE PURSEWinners of the Progressive Insurance Automotive X PRIZE will split a $10 million purse. INTENSE MEDIA SPOTLIGHTThe Ansari X PRIZE generated more than five billion earned media impressions – the space between the ads. The Progressive Insurance Automotive X PRIZE expects to generate significantly more publicity and media exposure. This competition offers a unique platform for teams to build their brand and prove their technology to the public, media, investors and decision makers. GLOBAL COMPETITION FOR THE AGESNothing drives innovation and discovery like competition. Qualified teams will collaborate and compete with inspired teams from around the world to work on this grand challenge: create viable, production-capable vehicles that are super-efficient and meet the needs of consumers. INDUSTRY CREDIBILITYThe X PRIZE Foundation conducts a careful screening of all entrants. Only teams that demonstrate a legitimate chance of winning are accepted, which lends qualified teams instant credibility. We hold entrants to a very high standard because teams must possess the fortitude and integrity necessary to achieve breakthroughs that benefit humanity. SPONSORSHIP AND INVESTOR LEVERAGEHaving a viable opportunity to win a multi-million prize stimulates investment in our competing teams. This investment may come from venture capitalists, angel investors, sponsors, governments, philanthropists and others. START A REVOLUTIONBe part of the solution by creating a super-efficient vehicle that people want to drive! Teams that have enterd the Progressive Insurance Automotive X PRIZE can help break our addiction to oil and stem the effects of climate change. |