The corporate has resurrected the Schneider Electric Ventures unit it folded into Aster in 2010 and will invest up to $565m through the vehicle.
France-based energy management and automation technology producer Schneider Electric launched a dedicated corporate venturing unit yesterday that will invest between €300m and €500m ($340m to $565m) in startups.
Schneider Electric Ventures will target energy efficiency and sustainability, in areas such as energy use and industrial management, and will deploy the capital in direct investments in startups, dedicated strategic funds, incubation initiatives and partnerships with entrepreneurs.
The unit has so far invested in real estate modelling technology developer Habiteo, building management…
