VantagePoint Capital Partners, the Silicon Valley investor that helped bring Tesla Motors Inc. public, expects prices for LEDs to “plummet” within three years as competition intensifies to satisfy surging demand for energy-efficient lights.
Prices for LEDs, or light-emitting diodes, may fall 90 percent by 2015, said Alan Salzman, chief executive officer of the San Bruno, California-based venture capital company, said in an interview.
