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Article: United States: AquAgro invests $1.5m in biodiesel start-up.
- Article from:
- TendersInfo
- Article date:
- October 13, 2008
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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 ...