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

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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA