Vivaris Capital, a multi-strategy fund offering hybrid-hedge and private-equity structures, has formed a strategic, joint-venture partnership with the Tesla Foundation to form Tesla Climate Capital.
Tesla Climate Capital will commercialize leading technologies in vehicle electrification, energy storage, carbon sequestration, and power generation. It also will incubate aspiring global entrepreneurs active in the technology sector.
To date, The Tesla Foundation has invested in approximately 200 game-changing businesses that it supports with a step-by-step plan that addresses how best to strategize, organize the company, and access funding. Tesla Climate Capital will work with Vivaris Capital to raise capital from industry partners, financial institutions, family offices, and individual investors and then either invest via Vivaris Capital's VICAN Fund or directly into the portfolio company. The VICAN Fund provides investors with access to institutional quality alternat
