VantagePoint Capital Partners, a global cleantech fund focused on energy and efficiency, today revealed that former Best Buy executive Kal Patel is joining the firm as partner. Patel is expected to grow VPCP’s “European presence,” and lead its international “strategic partnerships” according to a press statement from the fund.
At Best Buy, Patel worked as executive vice president and president of the comapny’s Asia regional business. He lead a major acquisition of a Chinese company, worked on building Best Buy’s business in transportation, mobility, health and home energy management, and helped run the Best Buy Capital Alpha Fund.
VantagePoint Capital Partners has investments in over 30 energy and efficiency businesses including BrightSource Energy, Genomatica, Tesla Motors, Solazyme, Bridgelux and Switch Lighting. Yesterday, the fund announced its series d investment in Liquid Robotics– a Hawaiian company that makes wave-powered, unmanned marine vehicles.