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.”