Schneider Electric supports “green” businessesJanuary 19, 2010 at 3:39 pm | Posted in General | Leave a comment
Tags: Alstom, capital, development, investment fund, Schneider Electric, technology, venture capital fund
Schneider Electric and Alstom are launching a new venture capital fund together in order to finance the new companies that introduce innovative energy and environment technologies on the market . It is the first initiative of this kind belonging to two industrial groups which continue to remain open to other colaborations.
The Aster Capital Fund is located in Paris and will be receiving not only a contribution of 70 Million EUR ( 40 Million from Schneider Electric and 30 Million from Alstom), but also Schneider Electric’s decade-long expertise in investment management.
The Aster Capital mission is to launch companies for the benefit of minorities from Europe, North America and Asia, by developing new and ground-breaking energy and environment technologies.