Penn Electric Racing Revenue and Competitors

Location

N/A

Total Funding

Automotive

Industry

Estimated Revenue & Valuation

  • Penn Electric Racing's estimated annual revenue is currently $36M per year.(i)
  • Penn Electric Racing's estimated revenue per employee is $330,000

Employee Data

  • Penn Electric Racing has 109 Employees.(i)
  • Penn Electric Racing grew their employee count by 1% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$64.6M1787%N/AN/A
#2
$36M1091%N/AN/A
#3
$9.8M37-53%N/AN/A
#4
$145.6M35332%N/AN/A
#5
$16.3M55-2%N/AN/A
#6
$1M1363%N/AN/A
#7
$18.7M635%N/AN/A
#8
$25.1M760%N/AN/A
#9
$10.6M40-2%N/AN/A
#10
$2M100%N/AN/A
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What Is Penn Electric Racing?

Penn Electric Racing (PER) is the University of Pennsylvania's Formula SAE Electric Team. We built America's fastest student-designed racecar with a 0-60 time of 2.6 seconds that's acceleration faster than freefall. PER has enjoyed a legacy of success: in the past three years, we placed 1st overall two times at America's premier student racecar competition, FSAE Lincoln, and won over 20 trophies in total. Our earliest racecar, REV1, was the first functional EV at Lincoln ever. A year later, REV2 broke the American acceleration record for both the gas and electric division. In 2017, REV3 scored the fastest 0-75 meter time in all of North America. With REV4, we decided to start over and attempt to build a 4-Wheel-Drive vehicle. In fact, we are the first FSAE student team to design a fully custom in-wheel powertrain, from motor housing to controller logic. We didnt stop there - REV4 was also developed with a fully verified aerodynamics package, battery management system, and more. It is by far our most ambitious vehicle yet. PER brings the next generation of engineers and leaders together. Our all-student club of over 60 students represents the best our campus has to offer, from Penn Engineering to Wharton. Our passion stems from a commitment to detail and pursuit of calculated perfection. Join us as we push the boundaries of what electric vehicles can do.

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Total Funding

109

Number of Employees

$36M

Revenue (est)

1%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Penn Electric Racing News

2022-04-20 - Hundreds gather to remember SuperStock driver Stephen Penn

Crowds electric as Teams Champs carnage takes to the track ... “This meeting is the pinnacle of SuperStock racing, for a lot of the guys,...

2022-04-19 - SuperStock Teams Champs in Palmerston North cancelled after ...

The driver was Stephen Penn, a member of the Manawat? Mustangs. Promoter Bruce Robertson said there had been an incident and racing had been...

2022-03-22 - Penn Electric Racing unveils new REV7 race car despite pandemic ...

The team is slated to bring the REV7 to this year's FSAE Michigan competition in May. After a two-year hiatus, Penn Electric Racing—Penn's...

2019-09-08 - Lehigh Valley Sports Scene: ESU calling for tumblers, weekly college awards, and upcoming appearances by pro

... health issues at Penn Foundation's Autumn Event fundraiser at 7:30 p.m. on ... category of the recent Electric City Classic pro bike race in Scranton. ... The two days of racing -- the first in the city since 1980 -- started with a ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$16.4M10911%N/A
#2
$29.4M10916%N/A
#3
$15.8M109-6%$116.9M
#4
$35.2M10911%N/A
#5
$27.6M1104%N/A