GIC, Sequoia, Primavera invest over US$1b in greentech firm Envision Group
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Singapore
GREENTECH company Envision Group is receiving over US$1 billion in investment by Singapore's sovereign wealth fund GIC along with private equity firms Sequoia Capital and Primavera Capital, "to accelerate the pace of energy transition and explore net zero opportunities through strategic partnerships".
Announcing this at the United Nations Climate Change Conference on Monday (Nov 1) evening Singapore time, Envision Group chief executive officer Lei Zhang said this "will enable Envision to mobilise capital investors for building the net zero economy".
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