Want to advertise a product or service on Green Prophet? Email [email protected]

Israel Cleantech Ventures Exceeds Its Own Expectations

clean tech globe

This Green Prophet is a little skeptical about Shai Agassi’s electric car and bold claims, but she is impressed by the range of companies in the portfolio of Israel Cleantech Ventures (ICV).

Consider companies such as Aqwise for cleaning municipal sewage using bacteria, plastic beads and a special aeration system; or Metrolight, a company that has created a new breed of electronic ballasts that is saving money (and energy around the globe), including IKEA in Israel. There is Emefcy, an Aqwise founders’ spinoff, CellEra which is creating new fuel cells, and Citrine Renewable Energy in the area of landfill biogas treatment. Taking a breath ICV also funds solar company Pythagoras.

And apparently investors are pretty psyched about Israel’s and ICV’s cleantech potential. Last week the firm closed its debut fund at $75 million, far exceeding its original target of $60 million, according to Reuters.

The venture fund was started to grow Israel’s energy, water and environmental sectors and is backed by investors from Europe, the US and Israel, including Netherlands-based asset manager Robeco Private Equity and U.S.-based financial institution Piper Jaffray.

“Israel is an attractive market for water, technology and renewable energy,” Andrew Musters, partner at Robeco Private Equity said in Reuters.

::Reuters

Facebook Comments
Karin Kloosterman
Author: Karin Kloosterman

Karin Kloosterman is an award-winning journalist, innovation strategist, and founder of Green Prophet, one of the Middle East’s pioneering sustainability platforms. She has ranked in the Top 10 of Verizon innovation competitions, participated in NASA-linked challenges, and spoken worldwide on climate, food security, and future resilience. With an IoT technology patent, features in Canada’s National Post, and leadership inside teams building next-generation agricultural and planetary systems — including Mars-farming concepts — Karin operates at the intersection of storytelling, science, and systems change. She doesn’t report on the future – she helps design it. Reach out directly to [email protected]

Share

PinIt
submit to reddit

About Karin Kloosterman

Karin Kloosterman is an award-winning journalist, innovation strategist, and founder of Green Prophet, one of the Middle East’s pioneering sustainability platforms. She has ranked in the Top 10 of Verizon innovation competitions, participated in NASA-linked challenges, and spoken worldwide on climate, food security, and future resilience. With an IoT technology patent, features in Canada’s National Post, and leadership inside teams building next-generation agricultural and planetary systems — including Mars-farming concepts — Karin operates at the intersection of storytelling, science, and systems change. She doesn’t report on the future – she helps design it. Reach out directly to [email protected]

Get featured on Green Prophet [email protected]