Google to invest $10 million in green cars
As if we didn't need it, here's proof that Google is still greener than its 'energy saving' rival, Blackle!
The world's favourite search engine has announced that it is to invest $10 million in “green” startups with a new scheme called RechargeIT. Specifically, the company is looking to invest $500k - $2 million in multiple for-profit startups that are focusing on electric and hybrid transport.
Google is asking for funding proposals to be submitted to by October 22 (FAQ here). These will be reviewed by Google employees, as well as a team of external advisers with expertise in Electric vehicles. Google is certainly a company with a good track record for tapping into the zeitgeist, so this project could result in some very interesting and worthwhile projects. Go google!
