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June 6, 2011 07:09 pm GMT

Greenvity Raises $7 Million For Chip Technology To Make Electronics, Vehicles Smarter

Greenvity, a startup that makes "system on a chip" (SOC) technology for use in smart grid-connected equipment or energy saving consumer electronics, has raised more than $7 million in a series A round led by DFJ VinaCapital. The round was joined by undisclosed angels and one chip manufacturer, reports managing director of the Ho Chi Minh City-based venture fund, Phuc Tan. Greenvity's chips could be used in everything from energy meters, home appliances, electric vehicles and solar inverters to mobile phones and routers, Tan confirmed.In an e-mail interview with TechCrunch, the investor also explained...

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ogpIO91JxxM/

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