Jammer, who is attending the Eilat Energy Conference, says that the new fund will focus on three areas of activity: developing batteries for electric vehicles; producing jet fuel from biodiesel; and wind and solar energy.
Jammer said, "I have already held one meeting with Better Place and I recently met with Yom Tov Samia, the CEO of IC Green Energy, [Israel Corp's cleantech investment vehicle]. I hope that we will be able to cooperate in the future."
Jammer said that the new fund's investors include the German insurance, banking and asset management company Allianz and Migdal Insurance and Financial Holdings Ltd.
Jammer said that the €250 milion has already been raised and the fund is now examining its first investments. Discussing the solar energy sector, Jammer said, "There are two or three companies that are very interesting for us. We have not yet decided whether to join them as strategic partners or financial investors."
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