The fund, which counts several corporates among its limited partners, will back underrepresented entrepreneurs and communities advancing the low carbon economy.
US-based venture capital firm Energy Impact Partners has raised more than $60m for its Elevate Future Fund, from corporate limited partners including corporates Microsoft, Southern Company, Fortis, Alliant and Xcel.
The fund will back underrepresented entrepreneurs and communities advancing the low carbon economy, including supply decarbonisation, electrification, technology-enabled infrastructure, intelligent demand, reliability and resilience. The news follows reports earlier in the month Xcel would co-chair the fund.
The fundraising follows a record week for the sector, as the Financial…
