Castrol InnoVentures, a UK-based strategic investment unit of Castrol Lubricants, has closed 2013 with three investments in the ‘smart mobility’ sector: $2m in GreenSteam, a Faroe Islands-based technology company specialized in energy saving solutions for commercial marine vessels; an undisclosed amount in US-based Peloton Technology, which is advancing safety and efficiency technology solutions in the heavy truck industry; and a participation in the $10m series A funding for US-based car diagnostics device Zubie, as previously reported.
A.S. Ramchander, Castrol’s VP…
