Al Gore’s Generation Investment Management's fund invested $150 million in Continuum Green Energy, a company co-founded by Arvind Bansal and Vikash Saraf from IIM Ahmedabad. This investment values the renewable energy firm at $1 billion. The funds will aid Continuum’s expansion of wind and solar projects, aiming to decrease coal dependency and reduce emissions. Earlier this year, the founders bought a majority stake from Morgan Stanley, now holding a 26% stake. Continuum plans an initial public offering, with Deutsche Bank advising on the recent fund raise.
