Cleantech Investing: Monday morning updates

Monday, July 11, 2005

Monday morning updates

Some news items of interest this morning:

ZipCar announced they have raised $10M to expand their operations out to the West Coast. The car-share company is projecting $15M in revenues this year, and raised this most recent round from Benchmark Capital (prior funding came largely from angels).

Speaking of Benchmark, their early investment in Nanosolar is cited in this interesting article on nanotech and solar (something we've written about before). Today's amazing stat: The photovoltaic industry grew 54% last year, according to Strategies Unlimited.

Cool Clean announced that they raised $3.5M in equity funding from strategic partner Air Water (will provide a link to the announcement when available). The raise reportedly happened a while back, but the announcement came today.

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What is "cleantech"?

The term "cleantech" refers to technologies that:

- Use energy, water and other raw materials more efficiently and productively,

- Deliver equal or superior performance,

- Improve customer profitability, through cost reduction and/or increased revenues, and

- Create less waste or toxicity

...compared to incumbent technologies

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Monday, July 11, 2005

Monday morning updates

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