The first commercially successful light-weight petrol-powered general purpose tractor was built by Dan Albone, a British inventor in 1901. He filed for a patent on 15 February 1902 for his tractor design and then formed Ivel Agricultural Motors Limited. The other directors were Selwyn Edge, Charles Jarrott, John Hewitt and Lord Willoughby. He called his machine the Ivel Agricultural Motor; the word "tractor" did not come into common use until later. The Ivel Agricultural Motor was light, powerful and compact. It had one front wheel, with a solid rubber tyre, and two large rear wheels like a modern tractor. The engine used water cooling, by evaporation. It had one forward and one reverse gear. A pulley wheel on the left hand side allowed it to be used as a stationary engine, driving a wide range of agricultural machinery. The 1903 sale price was £300. His tractor won a medal at the Royal Agricultural Show, in 1903 and 1904. About 500 were built, and many were exported all over the world. The original engine was made by Payne & Co. of Coventry. After 1906, French Aster engines were used.