It will invest in the United States and Europe and focus on early-stage energy, cleantech, and climate technology startups. Fund EX1 has $150 million for investing in the startups it chooses to back. CleanTechnica.
We get projects from three main sources. The first source is from what we call our deep explorations, that are always published online . We first select an area we want to explore and often review several dozens of startups using our own internal methods. The second source comes from our trusted co-investing partners.
If we were to invest to take a leadership position, this shows that we do not have confidence in the management teams we invest in. We instead believe in being a small part of an iconic journey and humbly serve as sage advisors to the amazing founders we back. So, we allow maximum freedom to entrepreneurs to live and breathe their passion, while we provide them the capital, industry connections, and help them build a lasting business.
Do you intend to invest in battery technology? If so, will it be a significant portion of your portfolio?