China VCs Invest $20M in U.S. Cleantech Firm

LP Amina, a US-based multinational environmental engineering company that focuses on reducing emissions at coal-fired power plants, completed a $20 million series C investment by Chinese venture capital firms HAO Capital and Qiming Ventures, along with two new investors, WLR China Energy Infrastructure Fund and Keytone Ventures. The deal was announced on August 6.

The investment will support rapid growth of LP Amina’s core pollution control business and promote the development of several innovative clean energy technologies in the US, China, and other countries, according to The Asset.

LP Amina is one of the leading providers of advanced emissions solutions for power plants in China. The firm received a $5 million Series A investment in 2008.

In addition to the emission reduction business, LP Amina is commercializing its poly-generation technology, which improves power plant efficiency by converting waste streams into a wide range of high value industrial chemicals, significantly improving the economics and carbon footprint of the facility.

HAO Capital is a China focused private equity firm based in Beijing and Hong Kong, providing growth capital to Chinese companies, with a bias for investments that Clean and Greentech. Qiming Venture Partners is a leading early to growth stage venture capital firm with offices in Shanghai, Beijing and Hong Kong.

Post Comment

Your email address will not be published. Required fields are marked *

Featured News Topics