EnerTech Capital to manage mobility tech fund targeted at $100 mln

The Sacramento Municipal Utility District (SMUD) is looking to raise a venture capital fund to back startups developing mobility technology, according to a report by the Sacramento Business Journal. The fund is targeting US$100 million, the report said, mostly from corporate investors, such as automotive and technology companies. EnerTech Capital, a Toronto-based energy technology venture capital firm, will manage the fund.