Swedish Smart Grid Hexaformer Closed 2nd Round
For a cleantech view in 2009/10, economic stimulus packages have moved to centre stage. USD 396 bln in stimulus funding is going to green investments announced by G20 countries, of this about 50 % of amount will be invested in 2009, according to Cleantech Group (an article). Interestingly, many areas formerly called "infrastructure" have been now rebranded as "green" (like for instance electric transmission lines, smart grid and metering, power system automation)!
Swedish electric transformer company Hexaformer is an excellent case example for a company benefit from the ongoing "green" or electric infrastructure opportunities (when the old technology or ageing infrastructure in many countries, especially in the US, require updating). The company, founded in 2004, closed second round of EUR 3.3 million last week backed by Swedish cleantech investor Sustainable Technologies Fund and the first round investor, Innovations Kapital (which invested EUR 3,3 in May 2007) (a press release).
