Showing posts with label news. Show all posts
Showing posts with label news. Show all posts

Thursday, September 16, 2010

Super-light car wins $5m fuel efficiency prize


The makers of a futuristic-looking vehicle that weighs half as much as a Smart Car today won the main prize of a $10m challenge to design a car capable of 100 miles per gallon (mpg).
The contest, the Progressive Insurance Automotive X prize, was meant to spur the development of a new generation of super-efficient cars with mass-market potential. A Toyota Prius hybrid can get to about 51 mpg, but the main prize went to a design that opted for an internal combustion motor, rather than an electric engine.
The Edison2 Very Light Car Number 98, made by a Virginia company, took home $5m for its use of lightweight materials and superior aerodynamics.
The car is powered by a single-cylinder motorcycle engine, which burns a mix of 85% ethanol and 15% gasoline, mounted at the back of an extremely lightweight frame. The designers, mainly former racing-car drivers, opted for an internal combustion engine rather than an electric car, because batteries add weight.
The Edison2 blog said: "Electric cars have real issues. Batteries are heavy, big and costly ... cars get heavier, performance suffers and costs go up".
The entire car, which some have likened to a helicopter or an egg on wheels, weighs 377kg (830lb). The Smart Car is about 726kg. The four-seater is entered via the window, like a racecar.
It has the basics: a top speed of 100mph, enough acceleration to cope with traffic, a heater and basic air conditioning, great fuel economy and, according to Edison2's owner, a realistic price tag. Oliver Kuttner, a race car driver, said it is made of low-cost and recylcable materials and could potentially go on sale for $20,000.
But Consumer Reports, which rates cars, said the Very Light Car was still very much in the development stage, with work needed on braking and handling.
The other two winners took home $2.5m each for electrive drive vehicles. Team X-Tracer from Switzerland won for a car that got more than 197 mpg — the highest rating in the competition.
The car, which sits low, looks like a motorcyle with a cab on top.
The final winner, made by Li-Ion motors from North Carolina, is a two-seat electric vehicle called the Move2, which gets 187 mpg on a single charge with a maximum range of 200 miles.
Both companies say they are taking orders for their cars. But Felix Wagner, the leader of the X-Tracer team, told the award ceremony they will not suit every pocket book. "We can not mass produce. We are a small company. The real thing is we are here."

Monday, September 13, 2010

Memolane Raises $2 Million To Become Your “Digital Memory”

Memolane, a San Francisco-based startup that is currently keeping a low profile, has raised a $2 million funding round led by August Capital and Atomico, the venture firm run by Skype founders Niklas Zennström and Janus Friis.
Memolane was initially created during a Startup Weekend event in Copenhagen last April, where it won a 10,000 DKK prize (around $1725), prompting founder Eric Lagier to quit his job and work on the project fulltime. Details on the company are still pretty vague —here’s the description that’s currently on Memolane’s homepage:
Memolane is your digital memory – your tool to rediscover your social life on the Internet. Memolane is a digital platform collecting and connecting your thoughts, pictures, messages and music yesterday, today and tomorrow.
In other words, it sounds like this is going to aggregate your social media content into a single place and then somehow find relationships between that content. This sounds different fromEvernote, a service that lets you “remember everything” by saving it online. We expect to have more information on the company in the next few weeks.
One interesting note about this — Howard Hartenbaum is leading the deal for August Capital, and he was the first investor in Skype, so this is a reunion of sorts between him and Skype’s founders, who are also investing.