The sustainable hydro turbine developer has now raised a total of at least $46m, with Schneider Electric Ventures leading its latest round.
Electrical equipment manufacturer Schneider Electric led an $11m series A round for US-based hydro power turbine developer Natel Energy yesterday through its corporate venture capital arm, Schneider Electric Ventures. The round also featured sustainable energy-focused VC fund Breakthrough Energy Ventures and came after a total of about $35m in equity financing raised across four rounds…
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