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EV Transportation, Inc. (EVTP.OB) is "One to Watch"
Headquartered in Los Angeles, California, EV Transportation Inc. (EVTP) is the parent company of EV Rental Cars, LLC. Founded in 1997, EV Rental Cars exclusively rents hybrid electric and low emissions vehicles. They are the first car rental company in the United States to rent only environmentally friendly vehicles to the public.
Affiliated with Fox Rent-A-Car, EV's fleet consists of more than 350 cars at seven locations throughout the United States. The Company's airport locations include Los Angeles, Orange County, San Diego, San Francisco, Oakland, and San Jose, California; in addition to a site in Phoenix, AZ. The company has the distinction of preventing more than 100 tons of air pollution and has passed to their customers over one million dollars in fuel cost savings. EV Rental Cars’ growth in recent years has their total yearly revenue close to four million dollars.
The company has been recognized a number of times for its efforts to promote environmentally friendly transportation alternatives. Significant achievements include being awarded an Automotive World Environment Award in 2001, the securing of grants from the US Department of Energy and California Air Resources Board, and being honored by the Environmental Protection Agency and the Clean Air Coalition. To date, EV Transportation has received over $3.5 million in grants.
EV's corporate strategy is to use their management team’s existing relationships with major insurance carriers, travel agents, and automotive dealership organizations to further their business. William N. Plamondon III, Chairman and CEO, has served as CEO and CRO for both private and publically held companies. Prior to EV Transportation, he served as President and CEO of Budget Rent a Car where he grew the company’s operating revenue from $50 million to $2.5 billion by acquiring and integrating licensees spanning 3,200 locations in 117 countries.
