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TBL Capital Commits $5 Million to Better Energy Systems, a Leading Developer and Manufacturer of Renewable Mobile Device Chargers

Submitted by: TBL Capital

Categories: Socially Responsible Investing, Clean Technology

Posted: Jul 07, 2008 – 08:27 PM EST

 

Mission-Aligned Fund TBL Capital Invests Only in Socially Responsible Companies

Jul. 07 /CSRwire/ - SAUSALITO, CA and BERKELEY, CA – July 7, 2008 – TBL Capital announced today that it has committed nearly $5 million to Better Energy Systems, manufacturer of Solio, the world's best-known universal solar hybrid charger. Better Energy Systems is a leading developer, manufacturer and marketer of renewable technologies for the 'eco-mobility' category, which the company pioneered. The financing provides growth capital to rapidly expand the Company's presence in existing and new markets in North America and internationally, support ongoing and developing strategic partnerships and to develop new products.

Founded in 2001, Better Energy Systems creates true energy independence for people around the world. With products engineered to the highest technical and environmental standards, Better Energy Systems stands for energy equality; the belief that all people – regardless of geography or economic standing – are entitled to clean energy and light.

"Better Energy Systems is developing technology and products that can literally change the way clean energy is delivered to consumers around the world", said Mark Finser, General Partner of TBL Capital. "Almost half the world's population has limited access to consistent electricity; Solio not only offers an advanced solution to that inequity, but does so in an entirely sustainable manner, said Joe Marshall, Principal at TBL Capital."

"We couldn't be more thrilled to have a financial partner like TBL Capital," said Chris Hornor, Founder & CEO of Better Energy Systems. "While there is no question that TBL Capital is committed to our mission and to the vision of a healthier, more sustainable planet, the considerable experience and expertise their team and limited partners offer is a great strategic fit for our company. As we move forward I am thrilled that TBL Capital will play an important role in our ambitious expansion plans."

The global market for mobile devices is well over a billion units and demand for these devices is growing at ever increasing rates throughout the world. As demand for mobile phones, mp3 players like ipod, personal digital assistants, digital cameras, global positioning systems and other devices grow in terms of performance, functionality and size, their power requirements are also increasing. Power for these devices is presently immobile; Better Energy Systems provides mobile power to serve a mobile market. In many countries around the world, power is not a "guarantee" so a renewable, mobile energy source is a necessity. Solio is the only solar charger in the market that has been approved by many handset makers and telecom companies alike thanks to its on-board lithium ion battery and proprietary intelligent circuitry. Solio is by far the most technically advanced and best designed solar charger on the market today.

About Better Energy Systems (www.solio.com)
Better Energy Systems develops and markets portable clean technology products for travel, work, and play. The company’s award-winning designers and engineers think 'outside the grid' to develop new technologies for the eco-mobility market, creating true energy independence for people around the world. With products engineered to the highest technical and environmental standards, Better Energy Systems enables customers to take a meaningful step on the path to sustainability.

Founded in 2001 in London, UK, Better Energy Systems envisions a massive shift in energy delivery and infrastructure to combat global warming. The company believes that making renewable technology accessible to the average person will speed this shift. Solio, the company’s flagship product, was conceived as a 'trojan horse' for the renewable energy market; a versatile hand-held charger that opens the lives and minds of consumers to the potential of solar. The company is engaged in the fight against poverty by finding new ways to bring sustainable power and light to people at the bottom of the economic pyramid.

About TBL Capital (www.tblcapital.com)
TBL Capital has developed an intentional, patient capital venture fund that focuses on the needs of the entrepreneur with a balanced emphasis on people, planet and profits. With $50 million under management, the firm invests in entrepreneurs who are committed to building companies with strong triple bottom line returns. TBL Capital provides growth capital to help companies succeed and supports entrepreneurs as they manage the many opportunities and demands of a growing business. Launched in the fall of 2007, TBL Capital focuses on a targeted range of socially beneficial sectors: consumer products, service providers, software, clean technology, green building, health and wellness, and retail.

For more information, please contact:

Joe Glorfield TBL Capital
Phone: 415-331-3200 x703
Phone 2: 530-798-0877
Christa Kaufmann Better Energy Systems
Phone: 510-868-8714
Website: www.solio.com

 

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