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."
IQWind’s product has the ability to function as a replacement part for existing turbines, as well as a main component for new turbines. The technology is so disruptive, according to ISRAEL G-TEK, that further applications are also being considered in other markets such as automotive and mining.
Israel G-Tek's investment in IQWind is part of a financing round to implement a full scale pilot for the Israeli company.