Vivaris Capital, a multi-strategy fund offering hybrid hedge and private equity structures, has agreed a strategic, joint-venture partnership with the Tesla Foundation to form Tesla Climate Capital.
Tesla Climate Capital will commercialise leading technologies in vehicle electrification, energy storage, carbon sequestration, and power generation. It will also incubate aspiring global entrepreneurs active in the technology sector.
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 alternative investments with high-growth, high-return potential while securing their principal.
