After 2 declining quarters venture capital investment is bouncing back.
From April to June, venture investments in clean tech totaled $1.2 billion across 94 companies, according to preliminary results released Wednesday by The Cleantech Group, a San Francisco research and strategy firm, and Deloitte & Touche.
Total investments were up 12 percent from the previous quarter, though down 44 percent from the same period a year ago. The average funding round was $12.9 million, up from $12.3 million in the first quarter.
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Venture funding for clean tech
The $1.2 billion in venture capital invested in clean technology during the second quarter included:
$236 million for transportation
$206 million for biofuels
$165 million for advanced batteries
$114 million for solar
Source: The Cleantech Group and Deloitte & Touche
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