Article: United States: AquAgro invests $1.5m in biodiesel start-up.

Byline: prashant03

Sources inform Globes that Transbiodiesel Ltd. has raised $1.5 million from B. Gaon Holdings Ltd. (TASE: GAON) cleantech venture capital arm AquAgro Fund LP, which acquire a 25% stake in the company. The investment will be in two tranches subject to Transbiodiesel meeting commercial milestones.

The sources added that Transbiodiesel has also signed a cooperation agreement with a US biodiesel company that has 17 employees and $10 billion in annual sales. Transbiodiesel did not ...

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