Ecologic Transportation, Inc. is primarily focused on introducing environmentally friendly vehicles to a growing demographic of car rental customers who value the cost efficiencies and environmental benefits of green-powered transportation. The company’s fleet consists of only environmentally friendly vehicles, positioning them as the only pure environmental car rental brand within the $42 billion automobile rental industry.
Although Ecologic’s main driver of revenues will be the car rental business, the company also provides Ecologic Shine(TM), a proprietary waterless car cleaning process that has no adverse environmental impact. Currently, the company operates five locations where they are saving 750,000 gallons of water a year.
Ecologic Systems, the company’s alternative energy subsidiary, intends to develop and manage alternative fuel offerings, such as clean diesel, LNG, CNG, and electricity charging, at gas stations in Ecologic Transportation’s car rental markets. Ecologic Systems will offer this turnkey solution through its partners, affiliates and proprietary processes.
Ecologic Transportation is led by a highly-skilled management team that collectively has more than 75 years of experience in car rental operations. The team’s expertise and experience in logistics, fleet management, and commercialization will enable the company to strategically introduce new automotive products and solutions to consumers, governments, and companies looking to improve their environmental efforts.
CEO William Plamondon has served over 30 years in a variety of industries as Chief Executive Officer and Chief Restructuring Officer for both public and private companies. For more than 19 of those years, he was with Budget Rent a Car where he managed $350 million in assets. Over the course of his career, he has purchased over $500 million in acquisition value businesses and sold companies with enterprise values of over $1 billion.
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