Congratulations to LACI portfolio company 350Green, who installed the first public fast charger in the State of California which will greatly increase the mobility of electric car drivers. The first of 25 fast charging stations was installed at Stanford Shopping Center and manufactured by Efacec USA. Read more in the New York Times here.
There was a terrific piece in Forbes today by Lori Kozlowski, titled “Growing Green: Welcome to the Cleantech Corridor.” It covers LACI and the vision behind creating a cleantech ecosystem here in Los Angeles. Los Angeles already boasts more cleantech start-ups than any other region in the nation, but city leaders believe there’s more to be […]
We’re pleased to welcome DB New Energy to the LACI community as our newest portfolio company. Pioneering proven EV battery-swapping technology in the US commercial fleet market. DB New Energy is the US subsidiary of China’s DB New Energy Technology Co. DB is a leading technology developer, manufacturer and service provider for electric vehicle […]
LACI has had a very busy couple of weeks on the outreach front, the crowning event being a visit from Secretary of Labor Hilda Solis on the 22nd. Madam Secretary visited LACI to learn about the job creation capabilities of LACI. We gave the Secretary a tour of the current and future home of […]
We’re excited to announce that LACI portfolio company Gridtest Systems has received funding from a syndicate of investors from the Pasadena Angels and Tech Coast Angels. CEO Neal Roche and his team have continually impressed us over the past 6 months and its terrific to see the greater Los Angeles investment community support this rising […]
If you would have told me at the end of Week One in DC that it was a warm up for Week Two, I would have broke down and cried. It took the full weekend between Part 1 and Part 2 to recuperate and get ready for the home stretch. As it turned out, we were just getting started.
Mike Swords, CTLA Chair and ED of UCLA Strategic Research; Mark Goodstein, new ED of CTLA; Sean Arian, President of Eos Consulting and myself are in Washington to make the case for supporting Los Angeles’ cleantech efforts. While Mr. Swords and Mr. Arian have done this before, this is Mark and my first “Mr Smith Goes to Washington” trip. It’s been a hell of a learning experience and we’ve just completed the first week.
We’re pleased to welcome California Lithium Battery to the LACI community as our newest portfolio company. California Lithium Battery Inc. is a start-up California company established in 2011 to develop and manufacture the most technologically advanced and affordable lithium battery for grid scale energy storage, transportation, and renewable energy industries.
As a new era of redevelopment begins in LA, there has been much speculation about the fate of CRA funded projects across the city. Despite the uncertainty, at the City’s clean technology business incubator things are moving forward as planned.
Eliosolar, which makes solar power systems and shades for buildings, and ClearWater Holdings, which makes electric motors and generators that power buildings and run power plants, join two other companies already in the incubator at 411 S. Hewitt St. near the Los Angeles River.
LOS ANGELES, Dec. 5, 2011 /PRNewswire/ — On Wednesday, December 7th, from 7:00pm – 10:00pm, Los Angeles Cleantech Incubator, the Pew Charitable Trusts, the Southern California Gas Company and the L.A. Area Chamber of Commerce are co-hosting Fostering Cleantech Innovation in Los Angeles, which will feature an entertaining and informative panel discussion exploring the future of energy policy in America, and how Los Angeles can play a pivotal role in our nation’s clean-energy future.
Firms in the green sector raised almost $1.2 billion in the third quarter – up 73% from $684 million collected in the same period last year, according to a report released Wednesday by Ernst & Young. The number of deals in the quarter grew to 76 from 56, according to the report, based on data from Dow Jones VentureSource.
Outstanding news… our second portfolio company, Gridtest Systems, just won the Cleantech Open California Region competition in the Transportation category. This competition is very tough as the Cleantech Open is the largest competition of its kind. There were 120 companies competing in six categories in this region. Here’s a link with more details. While I’m […]
Early one morning almost three years ago my partner Neal and I sat in the Nickel Diner on Main Street with Alex Paxton (CRA/LA), Sean Arian (The Mayor’s Office) and a couple of other folks interested in cleantech.