New Fund by TDK Ventures to Invest $150 Million in Green Energy

May 22, 2023 12:25 PM ET
  • The $150 Million fund will certainly target early-stage investments in energy transition, electrification, and decarbonisation in the U.S.A. and also Europe.
  • The overall assets of TDK Ventures under management have currently soared to $350 million.

Tokyo based TDK Corporation subsidiary TDK Ventures is introducing its third fund that totals $150 million in new capital to provide push generally to energy transition.

TDK Ventures stated that its novel fund will certainly target early-stage investments in energy transition, electrification, as well as decarbonisation in the USA and Europe. With the coming of the new fund, the complete assets of TDK Ventures under management have actually currently soared to $350 million.

Noboru Saito, CHIEF EXECUTIVE OFFICER, TDK Corporation, said, "By nurturing the ingenious spirit of startups around the globe as well as by offering TDK Goodness to the ecosystem, we want to contribute to a world where energy transformation drives humanity toward a brighter, much more sustainable tomorrow attuned to our setting."

Nicolas Sauvage, President, TDK Ventures, claimed, "Our commitment to early-stage ingenious startups in climate tech is poised to assist increase our globe toward carbon neutrality." Amperex Technology Limited (ATL), TDK's Hong Kong-based lithium-ion rechargeable batteries professional, will certainly be a limited companion to Fund EX1.

Joe Kit Chu Lam, Executive VP, Amperex Technology, held, "ATL is pleased to join Fund EX1 in its mission to support a greener energy transformation and also add our part to decarbonization by supporting innovative ecosystems and also startups around energy generation and also energy storage space."

TDK Ventures has been investing in the climate-tech industry for lengthy as well as consists of business such as Wheels, battery-upcycling firm Ascend Elements; green-hydrogen company Verdagy, lithium-ion dry-electrode company AM Batteries and also lots of others.

" The expertise of our anchor LPs in electrochemical technologies, advanced production, and also scale-up will certainly allow us to give these startups strong technical expertise as well as access to global markets where TDK runs," included Sauvage.

The Indian Tryst

TDK Ventures just recently opened its initial TDK Ventures advancement hub in Bengaluru in India. The objective of the hub was to combine VCs as well as CVCs in an environment of collaboration as well as purposeful exchange, co-creating an ecosystem ideally suited for taking full advantage of involvement with business owners and also their lots of cutting-edge technologies in decarbonization, clean energy, energy storage space, as well as sector 5.0.

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