Zipcar Named a Top Five Company on the 2010 Global Cleantech 100

Zipcar Part of Coveted "Lust List" from Cleantech

Oct 13, 2010, 10:58 ET from Zipcar

CAMBRIDGE, Mass., Oct. 13 /PRNewswire/ -- Zipcar, the world's leading car sharing service, today announced it has been named in the prestigious 2010 Global Cleantech 100, produced by the Cleantech Group, providers of leading global market research, events and advisory services for the Cleantech industry. The list is produced as part of the Global Cleantech 100 program, run in collaboration with the Guardian News and Media and sponsored by Autodesk.

The Global Cleantech 100 is unique in as much as it highlights the most promising private clean technology companies from all around the world, those companies which are the most likely to make the most significant market impact over the next five to 10 years, in the eyes of the world's Cleantech experts.  Zipcar was also named as one of the companies on the "Lust List", a sub-set of the Global Cleantech 100.  The Lust List is made up of the companies with the most peer validations in the expert panel assessments, where no one made a negative case.  The four other companies who made the 2010 Lust List were SilverSpring Networks, Opower, Bridgelux and BrightSource Energy.

The answer is derived by the Cleantech Group, who draws on its own data and research, and combines it with the weighted qualitative judgments of both hundreds of cleantech industry insiders, and the viewpoints of a 60-strong, international expert panel. To qualify for the list, companies must be independent, for-profit, Cleantech companies that are not listed on any major stock exchange.

4,616 nominations were received from 3,260 unique sources, giving us a long list of 3,138 companies drawn from 50 countries.  218 companies were presented to the expert panel for final input.  The end result was 100 companies from 14 countries.  The 60-strong expert panel is drawn from well-respected organisations in cleantech innovation from around the world, including leading investors such as Emerald Technology Ventures, Generation Investment Management, Kleiner Perkins Caulfield & Byers, New Enterprise Associates, SAM Private Equity, Sequoia Capital, and VantagePoint Venture Partners, and from a wide variety of corporations from many different industries, such as BASF, GE, Honeywell, IBM, Procter & Gamble, Siemens, and Veolia.

"Zipcar is thrilled to be recognized by Cleantech for such a prestigious honor and to be in such great company with top clean technology innovators from around the world," said Scott Griffith, Chairman and CEO of Zipcar.  "We are committed to our guiding principle of helping to enable a world of 'more car sharers than car owners' and we're energized by our participation in and support for Cleantech."

"The second Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is currently most excited about, from a commercial standpoint," said Richard Youngman, MD, Europe & VP, Global Research at Cleantech Group. "There have been significant changes since 2009: more Asian companies and less renewable energy generation companies attest to the growing diversification of cleantech innovation. Cleantech is a broader phenomenon than just clean energy. The wider issues of resource scarcity are starting to gain attention and traction."

"The Global Cleantech 100 list represents the most rigorous, serious attempt made yet to provide a scorecard of the progress that is being made by cleantech companies. This year's expert panel involved a greater level of corporate participation than last year's, and we also saw an increased presence of companies from China in the Top 100 list – both trends that we at VantagePoint see as critical signs of the times," commented Stephan Dolezalek, the CleanTech Group Leader at VantagePoint Point Venture Partners. VantagePoint, for the second year in a row, had more investee companies in the 100 than any other investor.

The complete list of 100 companies is being unveiled today at Cleantech Forum New York, http://events.cleantech.com/newyork/. Some of the companies will be showcased in New York today, others at the Guardian's Cleantech Summit in London on 23 November 2010 (http://www.guardian.co.uk/cleantechsummit).

The full list of Global Cleantech 100 firms is available online, on the websites of the Cleantech Group (http://cleantech.com/GlobalCleantech100.cfm). and the Guardian (http://www.guardian.co.uk/globalcleantech100).

About the Cleantech Group, LLC

Cleantech Group, the leading global research and advisory firm focused on cleantech innovation, pioneered the clean technology category in 2002. Today, it helps its clients make critical business decisions by providing the latest market intelligence through subscription-based research, custom advisory services, and global networking events. The company's growing international client base includes global corporations, investors, entrepreneurs, governments, and service providers. The company also produces the premier Cleantech Forum® and Focus™ events worldwide, including upcoming events in Paris, New York, Chicago, and Los Angeles. Details are available at http://www.cleantech.com.

About the Guardian

The Guardian is one of the UK's leading daily titles, and the Guardian.co.uk website delivers its liberal journalism to a global audience. The Guardian's vision is to be the leader on sustainability within the media industry. Through its editorial coverage and business activities, the Guardian demonstrates to its readers, staff, advertisers, suppliers and its communities that Guardian News & Media is committed to enhancing society's ability to build a sustainable future.

About Zipcar

Zipcar operates in urban areas and college campuses throughout the United States, Canada and the United Kingdom. Zipcar offers more than 30 makes and models of self-service vehicles by the hour or day to residents and businesses looking for an alternative to the high costs and hassles of owning a car.

SOURCE Zipcar



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