Israeli IQWind raises $500k from U.S. investors

IQwind, an Israel-based start-up developing variable gear technology that improves the energy generation efficiency of wind turbines, has raised $500,000 from ISRAEL G-TEK LLC, according to an announcement by the U.S.-based investors.

IQwind received a first round of investment from Terra Venture Partners in 2007.

Sami Shiro and Uri Benhamron, principals at ISRAEL G-TEK, explain that the investment in IQWind is part of their “plan to create a balanced portfolio of greentech companies with a special focus on Israel as a breeding ground for technology.”

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