An IPO or acquisition is the promised land for VC-funded startups — but those have been rare cleantech events over the last few years. The fact is that most cleantech companies require a longer time frame, a bigger budget, and a different set of investor skills than do IT software startups.
Will we see any IPOs from the renewable energy and cleantech sector in 2014?
In the past decade, companies such as SunPower, First Solar, EnerNOC, Comverge, GT Advanced Technologies, and more recently, Tesla, SolarCity, Silver Spring Networks, Enphase, Intermolecular and Control4 have made it onto public exchanges. Biofuel startups Solazyme, Gevo and KiOR also went public. A123 went public — and then went bankrupt. BrightSource, Luca, and Enerkem filed for an IPO but had to withdraw, as did biofuel maker Mascoma. DIRTT went public on the TSX exchange. — Full story at Greentech Media —