Singapore, Singapore, November 23, 2010 --(PR.com
)-- “We are honored to receive the Red Herring award, particularly as the Red Herring award has previously included companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay,” stated Ron Mahabir, director of Greenlots.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe Greenlots embodies the vision, drive and innovation that define a successful entrepreneurial venture. Greenlots should be proud of its accomplishment, as the competition was very strong.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.
Established in 2008 in Singapore, Greenlots is the leading provider of charging solutions in the Asia Pacific. Recently, in a consortium including Bosch and SingTel, the company was selected to install the charging networks for the first electric vehicles in Singapore as part of the government’s EV Taskforce nationwide test-bed program. Greenlots has also been actively expanding its sales globally with utilities, vehicle manufacturers and other network operators ranging from Australia to Israel.
Information about Greenlots
Based in Singapore, Greenlots designs and delivers advanced charging networks for electric vehicles. The company provides the hardware, software and support for utilities, municipalities, EV manufacturers and distributors and other businesses to install, own and operate their own local charging network. Greenlots charging stations are designed to be affordable, easy to install, convenient to use, network-enabled and global.