Silicon Valley venture capital

Kleiner Perkins Caufield & Byers is joining with another clean-technology-focused venture capital firm and a Norwegian company to bring electric cars to the USA.

The joint venture's first product will be Think City, an emissions-free, 95% recyclable car with a maximum speed of 65 miles an hour.

Plans call for a U.S. launch in 2009. The cars will be priced below $25,000.

Kleiner Perkins is teaming with Boston-based RockPort Capital Partners and electric-carmaker Think Global to create a company called Think North America.