Bill Gates, Jack Ma, Mark Zuckerberg & Richard Branson Are Investing In These 2 Startups

Imagine if you could pick a team comprised of the world’s best investors. A team whose every member is a celebrity and has made a good fortune in the business. Well, such a dream team now exists and is attracting world’s biggest investors too.

Breakthrough Energy Ventures: The Dream Team

This is not a upcoming Hollywood movie title or a best selling book. Breakthrough Energy Ventures is a billion dollar fund backed by some of the world’s best, top investors. The list includes:

  • Bill Gates (Microsoft)
  • Jeff Bezos (Amazon)
  • Mark Zuckerberg (Facebook)
  • Michael Bloomberg (Bloomberg)
  • Richard Branson (Virgin)
  • Jack Ma (Alibaba)
  • Julian Robertson (Tiger)
  • David Rubenstein (Carlyle)
  • Ray Dalio (Bridgewater)
  • Reid Hoffman (LinkedIn)
  • Jon Doerr (Kleiner Perkins)
  • Masayoshi Son (Softbank)
  • Dustin Moskovitz (Facebook)
  • Vinod Khosla (Khosla)

The purpose of this dream team is to;

Make sure that everyone on the planet can enjoy a good standard of living, including basic electricity, healthy food, comfortable buildings, and convenient transportation, without contributing to climate change

The team announced its five point strategy which is as follows:

1. Energy storage

2. Biofuels

3. Global microgrids

4. Zero-carbon building materials

5. Geothermal energy technology

Energy transitions take a long time, but there’s more urgency than ever to prevent the worst impacts of climate change – Bill Gates

We need new models of investment and new partnerships between governments and a broad network of investors, companies, and energy customers. Breakthrough Energy is designed to help facilitate those partnerships and bring more energy products from the lab to the market more quickly. –  Bill Gates

First Investments: 2 Startups:

Team’s first two investments are as follows:

Form Energy

This is focused on creating ultra-low cost, long duration batteries for renewable energy.

Quidnet

Using oil & gas technology, Quidnet helps in converting existing wells into energy storage facilities. This will help in large-scale renewable integration.

Via: Forbes