EIF Raises $250-Million Fourth Fund
July 13, 2021
SAN FRANCISCO, CA – July 13, 2021 – Ecosystem Integrity Fund (EIF), a leading sustainability-focused early growth stage investment firm, has announced the close of its fourth fund near $250 million in commitments. This is one of the largest sustainability-focused venture funds to date for 2021.
eMotorWerks Acquired by Enel
October 25, 2017
Enel S.p.A. (“Enel”), through its US subsidiary EnerNOC, announced today the acquisition of California-based eMotorWerks, a leading North American supplier of electric vehicle (EV) …charging stations, called JuiceBox, and owner and operator of JuiceNet, an Internet of Things (IoT) platform for the smart management of EV charging and other distributed energy storage facilities. Through the JuiceNet platform, these facilities can be remotely controlled and aggregated for grid balancing purposes relying on unidirectional and bidirectional (vehicle-to-grid, V2G) electricity flows. The acquisition of eMotorWerks marks Enel’s entrance into the US electric mobility market, one of the largest EV markets at global level.
Pepsico Acquired KeVita
November 22, 2016
PepsiCo, Inc. (NYSE: PEP) announced today that it has entered into a definitive agreement to acquire KeVita, EIF’s probiotic beverage company. The transaction will expand … PepsiCo’s health and wellness offerings in the premium chilled beverage space and represents a key demonstration of EIF’s strategy – to help effect incremental change within large, entrenched systems. In this case, KeVita sits at the intersection of the food, agriculture, and health care systems. EIF believes that large corporates like Pepsi acquiring smaller companies, like KeVita, is an effective way to promote healthy, more sustainable alternatives to a wider audience.
SolarCity to Acquire Zep Solar
October 8, 2013
SolarCity Corp. (Nasdaq: SCTY) and Zep Solar, Inc., today announced that they have entered into a definitive agreement for SolarCity to acquire Zep Solar, Inc. for approximately $158 million. The purchase price is payable … in shares of SolarCity common stock, and is subject to reduction for the amount of net indebtedness of Zep Solar as of the closing.
Zep Solar is one of the leading providers of residential photovoltaic module mounting systems in the U.S., and has been one of SolarCity’s primary component suppliers for residential systems in 2013. Upon close of the acquisition, Zep Solar will operate as an independent business unit of SolarCity.