Join Transform 2021 this July 12-16. Register for the AI event of the year.

Here’s the latest action in green technology (updated):

greentech-logo.bmpPhoenix Motorcars, latest electric vehicle company — The Rancho Cucamonga, Calif., company makes electric SUVs and SUTs that can get 130 miles from a 10-minute charge, and is close to signing a $15 million first round of capital from investors Kleiner Perkins Caufield & Byers, Virgin Fuels and AES Corporation, according to PEHub. The vehicle’s top speed is 95mph, with an expected retail price of $45k . Consumer sales expected next year. Ray Lane, who led the deal for Kleiner, did not respond to request for comment. Pre-money valuation expected at $10 to $20 million. PeHub says the company originally planned to raise $100 million (see doc: Phoenix.pdf)
(Update: We’re told by a source close to this investment group that this report is inaccurate. He didn’t specify in what way. We should have more).

California Treasurer Bill Lockyer calls for $3.5 billion investment in solar energyHis proposal is part of a $5 billion bond package to green state government buildings, expand use of renewable energy, increase energy efficiency and spur innovation and cost-reduction in California’s green technology industry.

Canadian solar cell manufacturer, Photowatt, withdraws IPO, citing unfavorable conditions — See story here.

Green consolidation — The Cleantech Network, a cleantech research and event group, has expanded into publishing with the acquisition of industry trade publication Inside Greentech. There’s a summary of the deals so far in this area here.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member