TDK Ventures launches $150m fund focusing on energy transition, decarbonization

TDK VenturesTDK Corporation announced a significant boost to its venture capital activities, with subsidiary TDK Ventures Inc. launching its third investment fund, amassing $150 million in new capital.

The fund will focus on early-stage investments in energy transition, electrification, and decarbonization within the U.S. and Europe, bringing TDK Ventures’ total assets under management to $350 million.

Noboru Saito, President and CEO of TDK Corporation, highlighted the fund’s alignment with global sustainability efforts, “With this new funding, we are doubling down on our efforts to contribute toward innovations in electrification and decarbonization… we hope to contribute to a world where energy transformation drives humanity toward a brighter, more sustainable tomorrow.”

Nicolas Sauvage, President of TDK Ventures, emphasized the fund’s commitment to supporting entrepreneurs pushing the boundaries in energy transformation and decarbonization sectors, contributing to the goal of carbon neutrality.

Amperex Technology Limited (ATL), TDK’s Hong Kong-based specialist in lithium-ion rechargeable batteries, will be a limited partner to the new fund, “Fund EX1.” Joe Kit Chu Lam, Executive Vice President of ATL, expressed his enthusiasm in joining Fund EX1, asserting their aspiration to contribute significantly to the green energy resolution.

TDK Ventures has been a prominent player in the climate-tech sector, with a track record of ten investments in companies including Wheels, Autoflight, Ascend Elements, Span.io, GenCell, Divirod, Verdagy, AM Batteries, pH7 Technologies Inc., and Type One Energy.

With its substantial technical expertise and global market access, TDK Ventures is set to be an essential partner for the innovative startups it invests in. With team members spread across San Jose, CA; Boston, MA; Tokyo, Japan; and Bengaluru, India, the venture firm plans to expand its presence to Europe.

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