TDK’s VC arm opens US$150 million energy transition investment fund, targeting Europe and the US

May 22, 2023
Facebook
Twitter
LinkedIn
Reddit
Email
TDK’s new fund will mark its first foray in Europe as it will target startups in the energy and clean tech industry. Image: Unsplash

Japanese electronics company TDK Company’s subsidiary TDK Ventures has launched a US$150 million fund to invest in energy and climate technology startups.

The new fund – dubbed Fund EX1, for energy transformation – will target companies in the US and its first foray in Europe.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Hong Kong-based lithium-ion rechargeable batteries specialist Amperex Technology Limited will Fund EX1’s limited partner.

TDK Ventures has in the past invested in the climate technology industry with investments in battery-upcycling company Ascend Elements, smart electrical-panel company Span.io, off-grid back-up power-solutions company GenCell and green hydrogen company Verdagy among others.

Noboru Saito, president and CEO of TDK Corporation, said: “With this new funding, we are doubling down on our efforts to contribute toward innovations in electrification and decarbonisation, as these two areas are helping to solve society’s toughest problems.

3 November 2026
Málaga, Spain
Understanding PV module supply to the European market in 2027. PV ModuleTech Europe 2026 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

February 4, 2026
'The market is evolving,' said Daniel Machuca on the topic of traditional financing models and their suitability for use in modern renewables.
February 3, 2026
Resilience against supply chain risks in Europe comes in the form of early action, a panel at Solar Finance and Investment Europe agreed.
February 3, 2026
Integrating more private investment into Europe’s grid infrastructure will be a necessity if the continent's bottlenecks are to be overcome.
February 3, 2026
There has been a 'clear cooling' of appetite for new renewable energy investments in the US, according to speakers at SFIEU 2026.
February 2, 2026
The price of solar PPAs signed in North America increased 3.2% between the third and fourth quarters of 2025, reaching a high of US$61.67/MWh.
Premium
February 2, 2026
PV Tech Premium explores the impacts that the EU's revised cybersecurity review will have on the continent's solar industry.

Upcoming Events

Upcoming Webinars
February 18, 2026
9am PST / 5pm GMT
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA