A venture fund has been launched in Russia to support start-ups in the field of electric propulsion. The term of its activity will be 9 years, and the volume of the fund itself will be 3 billion rubles.
TechnoSpark and the National Technology Initiative’s sovereign technology fund have launched a venture fund, a representative of the Fund for Educational Programs and Infrastructure said.
“In the framework of the Fund of Funds, we attract several foreign rubles for the ruble of our money. The fund’s work is designed for 5-10 years,” said Dionis Gordin, Director of Technological Sovereignty for the National Technological Initiative platform.
The volume of the fund will amount to 3 billion rubles, its validity period is 9 years. The fund invests in startups developing batteries, energy storage systems, as well as metal ion cell technologies and producing electric propulsion infrastructure facilities.
Author:
Kirill Bilyk
Source: RB
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