Venture capital fund for start-ups
Alstom and Schneider Electric have launched a venture capital fund to finance innovative start-ups in the fields of energy and the environment.
The Paris-based fund, named Aster Capital, will receive a capital subscription of €70m (£62m), with Schneider Electric contributing €40m and Alstom €30m.
Aster Capital plans to take minority interests in innovative start-ups based in Europe, North America and Asia, developing technologies that could lead to major breakthroughs in the fields of energy and the environment.
The fund is expected to benefit from the venture capital expertise that Schneider Electric Ventures has acquired since 2000, through the management of its first €50m fund invested in more than 20 companies in North America and Europe.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Experts speculate over cause of Iberian power outages
The EU and UK will be moving towards using Grid Forming inverters with Energy Storage that has an inherent ability to act as a source of Infinite...