Khosla Ventures has secured a $15 million funding from Premji Invest, the investment arm that manages Wipro founder Azim Premji’s wealth, Economic Times reports. Khosla’s green fund investments range from cellulosic ethanol firm, Range Fuels and LS9, that designs microbes to produce biofuels.
Khosla Ventures raised nearly $1.1 billion for two funds focused on green technology and information technology start ups in 2009. The firm has so far invested in over 40 clean-tech companies, including bio fuel projects, such as KiOR, Amyris and Gevo. The Green fund is backed by Microsoft founder, Bill Gates, and others.
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