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

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

TDK Ventures said that its novel fund will target early-stage investments in energy transition, electrification, and decarbonisation in the USA and Europe. With the coming of the new fund, the total assets of TDK Ventures under management have now soared to $350 million.

Noboru Saito, CEO, TDK Corporation, said, “By nurturing the innovative spirit of startups around the world and by providing TDK Goodness to the ecosystem, we hope to contribute to a world where energy transformation drives humanity toward a brighter, more sustainable tomorrow in harmony with our environment.”

Nicolas Sauvage, President, TDK Ventures, said, “Our commitment to early-stage innovative startups in climate tech is poised to help accelerate our world toward carbon neutrality.” Amperex Technology Limited (ATL), TDK’s Hong Kong-based lithium-ion rechargeable batteries specialist, will be a limited partner 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 contribute our part to decarbonization by supporting innovative ecosystems and startups around energy generation and energy storage.”

TDK Ventures has been investing in the climate-tech sector for long and includes companies such as Wheels, battery-upcycling company Ascend Elements; green-hydrogen company Verdagy, lithium-ion dry-electrode company AM Batteries and many others.

“The expertise of our anchor LPs in electrochemical technologies, advanced manufacturing, and scale-up will allow us to bring to these startups strong technical expertise and access to global markets where TDK operates,” added Sauvage.

The Indian Tryst

TDK Ventures recently opened its first TDK Ventures innovation hub in Bengaluru in India. The objective of the hub was to bring together VCs and CVCs in an atmosphere of collaboration and purposeful exchange, co-creating an ecosystem ideally suited for maximizing engagement with entrepreneurs and their many innovative technologies in decarbonization, clean energy, energy storage, and industry 5.0.