Israeli car venture top cleantech capital raiser

Shai Agassi's electric car venture Project Better Place raised $200 million in 2007.

The largest cleantech financing round in 2007 was the $200 million first financing round by Shai Agassi's electric car venture Project Better Place, according to Dow Jones VentureSource.

Dow Jones VentureSource said that $3 billion was invested in 221 cleantech deals in 2007, 43% more than the $2.1 billion invested in 173 deals in 2006. The US accounted for 83% of the capital raised, at $2.52 billion, 79% more than in the preceding year. Cleantech accounted for 8% of total venture capital investment in the US in 2007.

Published by Globes [online], Israel business news - www.globes-online.com - on March 2, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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