In June, 2007 Google.org launched its RechargeIT Initiative to speed the adoption of plug-in hybrid electric vehicles and vehicle-to-grid technology. At that time it issued a $10 million request for investment proposals (RFP). Today, Google.org announced its first investments from this RFP -- a total of $2.75 million to the following two companies:
Aptera Motors is building an ultra-high efficiency vehicle based on improved aerodynamics and composite materials. The company's first prototype achieved more than 230 miles per gallon during testing, and it is developing all-electric and plug-in hybrid vehicles based on this design. The following video provides additional information on Aptera Motors:
ActaCell is working to commercialize lithium-ion battery technology developed at the University of Texas at Austin. The company's technology aims to improve battery cycle life and lower costs, while maintaining a focus on battery safety.
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