Electric Vehicle and Energy Efficiency Developments Drive $733 Million Venture Capital Investment in US Cleantech Market in Q1 2010

US venture capital (VC) investment in cleantech companies in Q1 2010 hit $733.3 million in 72 financing rounds, a 68% increase in capital and a 118% increase in deals compared to Q1 2009, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource.  Compared to Q4 2009, these results represent a 6% decline in funding and 1% decline in financing activity.

Cleantech investment is recovering faster than overall venture capital investment, which increased 11% from Q1 2009 to $4.7 billion.  The total share of venture capital invested in cleantech reached 16% this quarter.
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