One of Canadas biggest climatetech backers pulls back

News Summary

  • And earlier this year, BDC chipped in with Toyota to fund e-Zinc, which builds zinc-air batteries that could help utilities store renewable energy for when the sun is not shining.The BDC debuted its first climate fund in 2018, with $600 million that it invested locally over four years.
  • Since then, “for every $1 that [BDC] committed, $6 has been raised in additional funding from the private sector by our portfolio companies, concurrently or after we invested,” Rohac said.
A prolific investor in climatetech companies in Canada is back with a second fund for lowcarbon technologies only this time the firm plans to pump less money into the scene, over a longer period [+1832 chars]