TDK Ventures is a part of TDK Corporation. This Tokyo-based firm has released a new fund. It’s called Fund EX1. This is their third fund. It has $150 million in capital. The fund will drive progress in energy transition. It will also advance electrification and decarbonisation. The fund is dedicated to investing in early-stage energy, cleantech, and climate technology startups in the U.S. and Europe.
The EX in Fund EX1 stands for ‘energy transformation’, echoing TDK Venture’s mission to contribute towards innovations that drive a more sustainable future. This latest venture marks TDK’s first multi-LP fund and its first engagement with Europe. With the addition of Fund EX1, the total assets managed by TDK Ventures now stand at $350 million.
The company’s president and CEO, Noboru Saito, expressed that nurturing the innovative spirit of startups is crucial in their collective efforts to build a sustainable world. He emphasized the importance of energy transformation and decarbonization in addressing some of the most challenging problems society faces today.
Nicolas Sauvage, President of TDK Ventures, highlighted their commitment to supporting groundbreaking startups in the climate tech sector. Their goal is to help fast-track the world towards carbon neutrality. As a testament to this commitment, Amperex Technology Limited (ATL), a specialist in rechargeable lithium-ion batteries based in Hong Kong and a TDK subsidiary, will be a limited partner to Fund EX1.
TDK Ventures has a robust track record in the climate-tech sector, having backed numerous companies, including Wheels, Ascend Elements, Verdagy, and AM Batteries. They hope to continue offering technical expertise and access to global markets to their startup partners through the new fund.