InvestorQ : Why is Reliance investing $50 million in a Bill Gates venture?
Rashi Mehra made post

Why is Reliance investing $50 million in a Bill Gates venture?

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Archita Jajjoo answered.
2 weeks ago
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Reliance Industries has committed to invest up to $50 million into Bill Gates’ Breakthrough Energy Ventures. This BEV is a venture that has a strong franchise into futuristic sources of power and their viability for most emerging markets like India.

The RIL investment may appear to be small but it is just the beginning. The contribution of $50 million will constitute 5.75% of the total fund corpus. It needs to be remembered that the overall investment will only be made in tranches over the next few years and not right away

The investment fund will invest in companies that seek to find solutions to the energy crisis. This would include investing in breakthrough energy and agriculture technologies. For RIL, this investment surely adds value to its equity investors as the aim of Reliance Industries anyways is also to eventually tweak its O2C or oil to chemicals business into an eco-friendly business.

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