Venture capital

GM Kleiner Perkins bet on electric bus maker

On June 13th 2011 Martin LaMonica  of CNET Green Tech writes General Motors isn’t in the business of city buses, but an investment announced today in electric bus maker Proterra opens up the possibility that they soon will be. Proterra said that GM Ventures and venture capital company Kleiner, Perkins, Caufield & Byers have put $30 million into the Golden, Colo.-based start-up. Kleiner, Perkins led the round, which also brought money from Japanese industrial conglomerate Mitsui, Vision Ridge Partners, and 88 Green Ventures.
The investment will allow Proterra to further develop and market its all-electric bus, which the company has designed as a replacement for typical diesel municipal transit buses. The buses are already in service in Los Angeles County and the company has two other customers, according to president Jeff Granato.


Awesense Wireless to Present Product at Cleantech Showcase

Wireless technology developer Awesense Wireless has been selected to present its wireless sensor system during the Northern Cleantech Showcase in Silicon Valley. The special invitation-only event will showcase seven jury-selected, Vancouver-area clean technology companies determined to be the “most fundable” to Silicon Valley investors. The selection committee included Kachan, Deloitte, Gowlings, Greentech Exchange Vancouver, and investors GreenAngel Energy, Ventures West, and Yaletown Venture Partners.

GE Expands Relationship with SynapSense

General Electric Energy Financial Services is joining Emerald Technology Ventures, Sequoia Capital, Robert Bosch Venture Capital, American River Ventures, Nth Power and DFJ Frontier in a $5 million investment for the development of SynapSense’s Data Center Monitoring, Adaptive Control and Energy Management technology.

GE Challenges Smart Grid Innovators

General Electric, in conjunction with several prominent venture capital firms, is holding a contest for smart grid innovation worth a total of $200 million. GE and each of the participating venture capitalists, which includes Emerald Technology Ventures, Foundation Capital, KPCB, Kleiner Perkins Caufield & Byers, and Rockport Capital Partners.

Energate Secures $7.2 Million Series B Funding

Energate has secured $7.2 million in Series B funding that will be used to increase sales growth and customer deployment initiatives and support Energate’s product development and strategic partnerships.