GE Backs 10 Companies with $63M
GE and its venture partners are funding 10 home energy start-ups to the tune of $63 million, as part of its $200 million "GE ecomagination Challenge,” the company announced Thursday. The latest round of investments and commercial partnerships are aimed at household energy efficiency. The newly backed companies include Boston-based Ember; Waltham, Mass.-based GMZ Energy; San Mateo, Calif.-based Hara; Austin-based Nuventix; San Francisco-based Project Frog; and San Francisco-based SunRun. GE is co-investing on several companies with venture investors including Kleiner Perkins Caufield & Byers, RockPort Capital and Foundation Capital.
23 June 2011•6 mins read
