Cleantech companies in China have surpassed expectations in 2013.
According to i3 market intelligence report, investments in cleantech sector has crossed RMB 5.6 Billion ($920 Million) in 2013. There were 48 deals in cleantech sector alone.
Five of the top 20 best performing stocks of the Russell 3,000 in 2013 were cleantech companies.
Xiangtan Electric Manufacturing (XEMC), a resource sharing company, raised RMB 686,638,400 ($112 million) from Hunan Hi-Venture Capital in a growth equity round
Xiaoju Technology, a transportation company, raised RMB 607,100,000 ($100 million) from Tencent Technology, and CITIC Capital in a Series B round.
eHi Car Service, a transportation company, raised RMB 607,110,000 ($100 million) from Enterprise Holdings, Ctrip, CDH Investments, and Ignition Partners in a growth equity round
JA Solar, a solar company, raised RMB 587,433,600 ($96 million) from undisclosed investors in a PIPE round
Hefei Golden Sun Energy Technology, a solar company, raised RMB 427,268,915 ($69.5 million) from Jiangsu Akcome Solar Science & Technology in a growth equity round
The market also witnessed a number of positive 2013 exits including Climate Corporation, Waze, Silver Spring Networks, ecoATM, and Evogene.
i3 data indicate that investors continue to shift away from capital intensive deals and move towards distributed generation, resource sharing, agriculture, and the digital oilfield theme.
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