September 1, 2016 | Engerati
Indigo’s utility startup investment analysis was featured in Engerati.
An analysis of this trend since 2013 by Indigo Advisory Group finds that utility investments are typically being made as part of dedicated investment arms in conjunction with other investors. Stakes are typically of 10% to 30%. The average utility joint investment round is US$19 million. "It is becoming clear for utilities that bringing in external innovation with high potential into their companies will serve them well for the future," comments Indigo Advisory Group's David Groarke.
To read the full article in Engerati, click here.