Greenlots Secures Funding Round Led by SBI Ven Capital and Tembusu Partners

SINGAPORE, June 24, 2011 – With installations of charging networks for electric vehicles in 11 countries, Greenlots today announced an equity financing round to help accelerate its global growth. Led by SBI Ven Capital, the overseas investment arm of SBI Group and Japan’s largest independent venture group, and Tembusu Partners, a leading pan-Asian private equity investment manager, Greenlots will further its position as the leading provider of charging networks in Asia and strengthen its presence globally. The investment will be made through SBI Jefferies Asia Fund L.P. and Tembusu Growth Fund II Ltd.

“Today marks another big milestone in our global roll-out of electric vehicle charging networks,” said Oliver Risse, Managing Director of Greenlots. “With support from the Singapore Government, we were able to develop best-of-breed charging solutions for the major move to electric mobility. Now, with the strong investment commitment and relationships of SBI Group and Tembusu Partners, Greenlots will be able to accelerate the scaling of the business globally.”

 

To read more,  please go to Greenlots Press Release

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