| May 20,2009 - | ETV Motors is chosen to showcase its technology to CICC Mission to Israel
| | | 21Ventures, a New York-based venture capital firm with investments in the United States and Israel, announced today that ETV Motors (ETVM) was selected to present its technology to participants in the California Israel Chamber of Commerce Cleantech Mission The presentation took place today at the Weizmann Institute of Science in Rehovot, Israel.
ETVM is developing series-hybrid electric drive technology that will power Range-Extended Electric Vehicles and have wide applications in transport and other settings.21 Ventures, along with The Quercus Trust of Newport Beach California invested $12M in ETVM in a Series A milestone-driven round conducted in 2008.
“We believe in ETV Motor’s mission to create new engine technology that will help improve the environmental impact of automobiles,” said David Anthony, Managing Partner of 21Ventures.
The CICC Mission to Israel is held annually and is designed to introduce innovations, acquisition opportunities and joint ventures to interested global technology and venture capital firms.
About 21Ventures
Founded in 2004 and headquartered in New York, 21Ventures invests in seed, early stage technology and publicly traded companies in the security, clean energy and mobile software markets. 21Ventures is led by David Anthony who, in addition to serving as Director of several 21Ventures portfolio companies, serves as member of the board of directors of Entech Solar, Inc (ENSL.OB).
The fund’s primary geographic focus is Israel, where over half of the company’s investment capital has been deployed to date. 21Ventures currently manages more than $250 million worth of investments in 25 companies in Israel and the United States. More than half of 21Ventures’ investments are in clean energy companies. More information at www.21Ventures.net |
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David Andrew Goldman
Global Communications
Expansion Media, LLC
davidgoldman@ExpansionMedia.net
P: 646-335-0268
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