A new report from the Cleantech Group has some reassuring news. Investments in cleantech startups have gone back up and cleantech is now the largest venture capital investment category!
Investments in the sector in North America, Europe, Israel, China and India totaled $1.59 billion across 134 deals in the third quarter of 2009, its second period of recovery after downturns in early 2009 and late 2008.
Government investments in green technology companies likely pushed the sector into the top spot. Tesla Motors, Solyndra and A123Systems were party to the largest deals in cleantech and they were all recipients of significant government funding.
Cleantech claimed 27 percent of all venture capital in the third quarter. Solar took the largest share of that cash with $451 million, transportation (vehicles, biofuels and batteries) came in second with $383 million, and green buildings third with $110 million.
via Cleantech Group
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