Sujit Banerjee Joins Element Partners

Element Partners, a cleantech-focused VC firm, has named Sujit Banerjee as a managing director. He had joined the firm last year as a part-time operating partner. He is a former partner with BueRun Ventures.

PRESS RELEASE

Element Partners, the Philadelphia-based cleantech growth equity firm, announced today that Sujit Banerjee has joined full time as a Managing Director.

“Sujit joined Element as an Operating Partner last year and we are delighted to announce that he has now joined our partnership full time,” said Element Managing Partner David Lincoln. “We have worked with Sujit as a co-investor over the course of the last nine years, and he has repeatedly demonstrated exceptional capabilities and instincts as an investor.” David continued, “He has been an invaluable resource to us over the years, and we are confident that his strong technical background will complement our investment capabilities.”

Sujit brings over 10 years of investment experience to Element, where he has already co-sponsored investment initiatives in Deeya Energy and Petra Solar – both promising portfolio companies. Sujit will lead Element’s efforts in power storage, semiconductors, and power electronics, and will expand Element’s efforts in photovoltaics. Sujit is currently on the Board of Directors of both Deeya Energy and Petra Solar, and stepped in as acting COO for Deeya where he is credited with leading the Company’s go-to-market strategy in India.

Prior to joining Element, Sujit was a Partner with BlueRun Ventures where he founded their Cleantech practice as well as their India office. In addition to leading BlueRun’s investments in Petra and Deeya, Sujit’s other investments included Slicex, Cyoptics, Magsil, Nexplanar, and Sasken (BSE: SASKEN). Prior to BlueRun, Sujit was a Principal with TL Ventures where he led investments in pre-IPO companies Atrenta and Sonics, both respected leaders in their field. Prior to TL, Sujit’s professional experience included investment banking with Merrill Lynch, management consulting for several companies in the semiconductor industry, and working as an engineer with Synoptics Communications.

Sujit received his M.B.A. from the Wharton Business School, where he was Chairman of the Wharton India Economic Forum, and holds a B.S. in Electrical Engineering from Rensselaer Polytechnic Institute with Eta Kappa Nu academic honors.

About Element Partners
Element Partners invests in established high growth companies in the energy and clean technology markets. We focus on companies with innovative solutions to energy, industrial, and environmental challenges. Element strives to partner with passionate business leaders who build pioneering companies. We have a long history of providing companies the financial resources, industry contacts, and strategic insights necessary to maximize growth and shareholder return.

Since 1995, Element has successfully managed over $1.2 billion in capital commitments spanning six investment partnerships. All of these partnerships have focused on profitably growing energy, industrial, and environmental related businesses. Over the course of more than fifteen years, the principals of Element have collectively invested in over 100 clean technology companies, making Element one of the earliest and most experienced alternative energy and clean technology investors.

For more information on Element Partners, visit www.elementpartners.com, or to present an investment opportunity, please email carlo@elementpartners.com or contact Carlo La Ruffa at (610) 964-8004.

Investment Professionals
David Lincoln
Sujit Banerjee
Michael Bevan
Michael DeRosa
John Rockwell
Sam Gabbita
Charles Silio
Ben Weinberg
Nitin Gupta
Carlo La Ruffa
Brian Dwyer

Finance & Administration
Michael Todd
Steve Nelb
Patti Szczepaniak
Amy Hensil

Operating Partners
Doug Brown
Ronald Bertasi
John Burrows
Lyman Dickerson
Paul Feldman
Kathleen McGinty
Matthew Neville
Todd Peterson
Harry Shimp

Contact
Element Partners
100 Matsonford Rd.
Three Radnor Corp. Ctr.
Suite 410
Radnor, PA 19087
(610) 964-8004

Element Partners