Sequoia Capital, GIC, Primavera Capital Invest $1 Billion in Envision Group
Posted on 11/04/2021
Revealed at the start of the 2021 United Nations Climate Change Conference (COP26), Singapore’s GIC Private Limited, Primavera Capital, and venture capital giant Sequoia Capital (through Sequoia China) made an investment of over US$ 1 billion in Envision Group. Envision Group is led by its CEO Lei Zhang. Envision Group designs, sells, and operates smart wind turbines and smart storage system through Envision Energy; AIoT-powered batteries through Envision AESC; and the world’s largest AIoT operating system through Envision Digital. It also owns Envision Virgin Racing Formula E team. Envision owns the Energy IoT Operating System called EnOS.
Sovereign wealth funds are keen on investing in renewables and greentech companies.