[UPDATED 11 JUNE 2022] The technology behind Edison2’s Very Light Car (VLC) is now in development for commercialization by E2 Mobility, Inc. (E2). E2 aims to dramatically improve the economics of mobility services by lowering vehicle costs-per-mile for operators, while simultaneously increasing revenue potential by providing access to a digital platform connected to the smart mobility ecosystem. E2 will build its Smart Mobility Vehicle (SMV) with globally renowned partners, including partnerships for platform licensing, prototype development, and application design. E2 plans to start production in 2024, with projections to deploy a fleet of ~1 million SMVs in the United States by 2030.

Newswise — Edison2, the winners of the 2010 Progressive Insurance Automotive X PRIZE, will unveil their latest Very Light Car (VLC) architecture on Thursday, April 11, 2013 at The Henry Ford. This special press conference will begin at 2 p.m. next to the organization’s original winning VLC on display inside Henry Ford Museum’s Driving America exhibit. After their 2010 X Prize victory, Edison2 went to work designing the next VLC. The new prototype is designed to address consumers' needs and incorporates lessons learned from the prestigious X Prize competition.

Edison2's new VLC has remarkable handling, structural integrity and aerodynamics, made possible by its unique modular architecture. This architecture gave birth to the world’s most efficient four passenger vehicle, one of which now resides inside Henry Ford Museum’s Driving America exhibit. Many core technologies have been improved in new prototype, including a newly designed in-wheel suspension system, a more efficient aerodynamic shape with beautiful aesthetics and more interior space, and other refinements throughout the vehicle. Edison2's architecture has a promising future in domestic and international markets; it makes low investment, U.S. manufacture possible, and has applications in suspension and vehicle segments far beyond Edison2's current designs.

“We are proud to unveil our new VLC architecture here at The Henry Ford, directly next to our history making X Prize VLC,” Edison2’s CEO and founder, Oliver Kuttner remarked. “The auto industry has been refining the same architecture for more than 50 years, and Edison2 has created a new path - a new way of building a car that has many environmental and economic benefits. Much of this relies on Edison2’s in-wheel suspension which can be seen on the VLC prototype we will be displaying.”

Oliver Kuttner, a Charlottesville, Virginia entrepreneur and lifelong auto enthusiast, founded Edison2 LLC in 2007. He assembled a top-tier team of racing and aerospace engineers, designers and mechanics for the X Prize competition. For Hi-res photos visit the Edison2 website.

About Edison2

Edison2 combines sound physics with innovative design to produce workable and sustainable transportation solutions. They won the top prize ($5 million) in the 2010 Progressive Insurance Automotive X Prize with the Very Light Car (VLC), an unprecedented combination of light weight and low aerodynamic drag. Weighing 830 lbs and with a drag coefficient of 0.160 – lowest ever recorded at the GM Aero Lab for a 4 passenger car – the X Prize VLC achieved 110 MPGe (combined) and 129 MPGe (highway) at the X Prize, using a 250 cc internal combustion engine. In 2011, an all-electric VLC was rated at 350 MPGe in the EPA combined cycle, demonstrating the importance of platform efficiency. Since winning the X Prize, Edison2 has been working in their Lynchburg, Virginia facility on a stunning new version of the VLC. Although the next generation VLC uses the same architecture and virtues of efficiency that won Edison2 the X Prize, it is a completely new vehicle. It is designed to be capable of meeting regulatory requirements (beyond 2025 CO2 and MPG regulations), and will have production-car fit-and-finish, safety, comfort and handling at an affordable price.

About E2 Mobility

E2 Mobility, Inc., was founded by Theodoros Papaspyridis to provide a solution for the new era of smart mobility, leveraging his decades of experience in the international automotive industry to deliver the innovations made possible by the ultra-efficient design of the X Prize-winning Edison2 Very Light Car. Its purpose-built smart mobility vehicle for the movement of passengers and cargo helps operators to increase profits. The integrated software platform with its mobile app connects MaaS operators to diverse revenue opportunities. E2 aims to be an all-inclusive smart mobility solutions company by providing an E2 ecosystem and selling mobility by the mile.

For more information, visit www.e2mobility.us###

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