Wednesday, February 08, 2006

ACS, ClearEdge, and XPV Capital

  • ACS Ltd., which manufactures emissions control equipment for use with vehicles such as RVs and tractors, as well as gensets, announced an undisclosed amount of funding from VenGrowth. The financing was led by VenGrowth's Mezzanine Finance Team and included investments by The VenGrowth Traditional Industries Fund Inc. and The VenGrowth III Investment Fund Inc.
  • Applied Materials' venture group (Applied Ventures) announced a $2M investment in ClearEdge Power, a silicon-based fuel cell startup in Oregon. As part of the transaction, Applied Materials has formed a strategic partnership with ClearEdge.
  • Canada's XPV Capital has announced to their LPs that they are forming a new $50M fund to focus exclusively on early-stage cleantech venture investments. The fund will specifically target investments in air treatment, water treatment, and enabling technologies in clean energy.


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