TDK Corporation (TSE: 6762) announced that its subsidiary TDK Ventures will launch its third fund, Fund EX1, totaling $150m in new capital.
Amperex Technology Limited (ATL), TDK’s Hong Kong-based lithium-ion rechargeable batteries specialist, will be a limited partner to Fund EX1.
The new fund will target early-stage investments in energy transition, electrification, and decarbonization within the U.S. and Europe.
Established in 2019 as a wholly-owned subsidiary of TDK Corporation and led by Nicolas Sauvage, President, TDK Ventures invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Its vision is to propel the digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets.
The arm will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates.
With team members in San Jose, CA; Boston, MA; Tokyo, Japan; and Bengaluru, India, TDK Ventures will soon add a team in Europe.
FinSMEs
19/05/2023