Monday, July 6, 2009

Cleantech Investments Up, Especially In Autos

Good news on the cleantech investment front. Cleantech Group reports that investments in green technologies increased worldwide in the second quarter of 2009. Compared to the first quarter of 2009, investments increased by 12%, but were down 44% from the same quarter of 2008.

Investments in solar remain down, while investments in utilities and cars have risen. Automotive related companies drew the biggest percentage of clean-tech investments. Cleantech Group attributes this to the government's stimulus package for the automotive sector.

If correct, this is interesting given that some VCs have expressed the view that startups that receive stimulus funding are not “stand alone” ventures. See my post on the views of VCs toward cleantech here. Could it be that these VCs are wrongheaded? Clearly, some of the heavy hitters in the VC world are investing heavily in cleantech, including Kleiner Perkins, Khosla Ventures, and Draper Fisher Jurvetson.

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