Rocket Ventures
Revs its Engine with Horsepower Sales Sponsorship
Horse Power Sales.net Inc., a Napoleon-based company, has created
a superior engine that is poised to revolutionize fuel efficiency
and auto manufacturing as we know it. Rocket Ventures, a program of
the Regional Growth Partnership, is pleased to announce its sponsorship
of Horse Power Sales’ HP2g TEAM in the Progressive Automotive
X PRIZE – a competition designed to inspire a new generation
of viable, super fuel-efficient vehicles. The independent and technology-neutral
competition is open to teams from around the world that can design
and build production-capable, 100 MPGe (miles per gallon energy equivalent)
vehicles that people will want to buy and that meet market needs for
price, size, capability, safety and performance.
Through patented technology, Horse Power Sales.net Inc. president
Doug Pelmear has discovered a way to allow a standard V8 engine to
travel the energy equivalent of 110 mpg on E-85 (Ethanol Blend) fuel.
The most striking feature of the HP2g engine is that it’s designed
to run in SUV’s and larger family cars.
“As gas prices soar, consumer preference is shifting to cars
that are fuel-efficient and buyers are choosing smaller more compact
cars. I wanted to throw the concept that a fuel- efficient car has
to be small out the window, so I specifically designed my engine for
SUVs and larger vehicles,” said Pelmear.
On June 14, Hp2g will be put to a real-world test at the Milan Dragway
in Milan, Michigan. Pelmear believes that the results will back-up
his fuel-efficiency estimates and will position HP2g as a major contender
for the X PRIZE.
“Northwest Ohio is replete with experts in advanced manufacturing
and engineering, and Horse Power Sales.net Inc. is no exception. Rocket
Ventures was tasked by the state of Ohio to help advance entrepreneurs
with innovative technology. Doug certainly fits that mold and we are
thrilled to support the Horse Power Sales’ HP2g TEAM. Everyone
at Rocket Ventures is looking forward to seeing the results of the
race on June 14, “said Dr. Todd Davies, Rocket Ventures business
development manager.
About Rocket Ventures
Rocket Ventures, a division of the Regional Growth Partnership, is
a pre-seed, early-stage venture fund for technology-based entities/companies
operating within the state of Ohio. It consists of $15 million in
state funding and $7.5 million in private sector investment.
About The Regional Growth Partnership
The Regional Growth Partnership is a private nonprofit development
corporation dedicated to fostering local, national and international
economic growth opportunities for Northwest Ohio and Southeast Michigan.
