Clean Wave Technologies, a company that makes components for electric and hybrid vehicles, has raised $8.76 million in its first round of institutional funding.
The company has yet to reveal its products, which are still being tested by customers, according to the Clean Wave website.
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Employees named in the filing include chief exec Mike Kubic (previously a consultant for Tesla) and VP Rudy Garriga (formerly a Tesla engineer working on the car manufacturer’s drive motors).
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Investors include Grand River Capital, whose investing partner Eric Wang runs the firm’s green-tech fund. Called SinoGreen, the $150 million fund is “focusing on renewable energy, energy efficiency, cleaner transportation, non-energy related climate change mitigation technologies and other technologies that have direct contribution to climate change mitigation and adaptation.”
Wang is taking a seat on the startup’s board of directors.
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