Sustainable Innovation backs fund

Aug 2, 2011 • James Mawson

A number of corporations are reportedly indirectly supporting the launch of the Sustainable Growth Capital (SGC) clean-tech venture capital fund.

Pehr Gyllenhammar (pictured), former chief executive of car maker Volvo, is chairman of the fund, which is trying to raise SKr1bn ($130m), according to news provider Dagens Industri. Sustainable Innovation, a Sweden-based organization backed by Göteborg Energi, Fortum, Vattenfall and Toyota, owns 10% of SGC.

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