Cleantech-focused Breakthrough Energy Ventures II has attracted corporate backing on its way to a projected $870m close.

Diversified India-headquartered conglomerate Reliance Industries has agreed to provide $50m in capital for US-based, cleantech-focused venture capital fund Breakthrough Energy Ventures II. The vehicle is the second to be launched by Breakthrough Energy, a coalition of high net-worth investors aiming to help promote the use of renewable energy. It invests in areas such as renewables…

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