Google Donating $10 Million For Green Cars

Not many companies put their money where their mouth is, but Google seems to be the exception. The folks at Google take serious the green house effect and how vehicle emissions are contributing to this global problem. So Google is offering up to $10 million for companies who are working to solve these worldwide pollution problems. On their blog Google states:

Today, has issued a request for investment proposals (RFP) to the tune of $10 million in order to advance sustainable transportation solutions. We are inviting entrepreneurs and companies to show us their best ideas on how they can contribute to this important cause. We need catalytic investments to support technologies, products and services that are critical to accelerating plug-in vehicle commercialization. That is why we have structured this RFP to offer investment dollars to for-profit companies to promote social and environmental change. The severity of global warming requires solutions from NGOs, governments, individuals and (very importantly) the private sector. We have already made $1 million in grants to a group of outstanding non-profit organizations, and want to expand our impact by spurring innovation in the private sector. While $10 million is a fraction of the total investment needed to transform our transportation sector, we hope this RFP will help catalyze a broader response. We need the automakers to bring these cars to market, but plug-in vehicles also need an entire ecosystem of companies to flourish.

We realize that this type of open call for proposals is not the usual model for investment, but we wanted to use a process that was open to new ideas and new entrants. Part of our goal is to get as many people as possible to work on solutions to our vehicle emissions challenges. We welcome and expect to receive submissions from a wide variety of companies — from cutting edge battery technologies to innovative service businesses – and from companies of all sizes. We also encourage participants from all over the world to submit proposals. This is a global challenge, and it will take all of us to solve it.

So if you are the inventive type with an no idea on how to solve the vehicle emission problems and cut down on pollution, this is your chance to get in on the action and get some funding.

Full blog article is here.

[tags]google, vehicles, funding, green, house, emissions[/tags]