Clean Tech Investors Open Their Wallets A Little Wider--Especially For The Auto Industry
Hot on the heels of yesterday's news that the auto sales slump may be slowing comes news that venture capitalists are growing more adventuresome--at least in the field of clean technology. And for now, the big winner is the auto industry.
According to the Cleantech Group--a research firm based in San Francisco--94 clean technology outfits in North America, Europe, China, and India garnered nearly $1.2 billion in funds from venture capitalists during the second quarter of 2009. That figure is up about 12% from the first quarter of the year, although it's still 44% lower than the second quarter of 2008. The average funding round was $12.9...
Hot on the heels of yesterday's news that the auto sales slump may be slowing comes news that venture capitalists are growing more adventuresome--at least in the field of clean technology. And for now, the big winner is the auto industry. According to the Cleantech Group--a research firm based in San Francisco--94 clean technology outfits in North America, Europe, China, and India garnered nearly $1.2 billion in funds from venture capitalists during the second quarter of 2009. That figure is up about 12% from the first quarter of the year, although it's still 44% lower than the second quarter of 2008. The average funding round was $12.9... Read More
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