London-based investment manager Redwheel has announced a partnership with venture capital firm Turquoise to establish a ClimateTech Growth Capital Fund. The fund’s strategy will focus on three sectors: energy, transport and mobility, and resource efficiency. “We anticipate that the global transition towards a more sustainable future will yield attractive investment opportunities for decades to come,” said Tord Stallvik, CEO of Redwheel. “This partnership and extension into the private sphere is a natural progression from the launch of the Redwheel Clean Economy strategy in 2023, capitalising on the opportunity in public markets.” The ClimateTech Fund’s investment committee will include Independent Chairman Professor John Loughhead, who was previously Chief Scientific Adviser for the UK Ministry for Business Energy and Industrial Strategy, Redwheel’s Clean Economy Portfolio Manager Amanda O’Toole, and three Turquoise managing directors.
We're pleased to confirm we have partnered with @Redwheel_ to launch a growth-stage UK ClimateTech venture fund. Read more: https://t.co/sOqYLSbTpS#GrowthCapital #ClimateTech #Parntership #VentureFund #GrowthStage
— Turquoise (@Turquoise_Cap) February 21, 2024
