TDK Ventures, the corporate venture capital arm of TDK Corporation, has recently announced the launch of its €140 million fund EX1. The fund is aimed at supporting early-stage energy and climate tech startups in Europe and the United States.
The EX1 fund will focus on investing in startups that are developing innovative solutions to address the challenges of climate change and the transition to a low-carbon economy. The fund will target companies that are working on technologies such as renewable energy, energy storage, electric mobility, smart grid, and carbon capture and utilization.
TDK Ventures aims to provide not only financial support but also strategic guidance and access to TDK Corporation’s global network of resources and expertise. The company believes that this approach will help startups accelerate their growth and achieve their goals more effectively.
The launch of the EX1 fund comes at a time when the world is facing urgent environmental challenges, including climate change, air pollution, and resource depletion. The fund aims to support startups that are working towards a more sustainable future by developing innovative solutions that can help reduce greenhouse gas emissions and promote a circular economy.
TDK Ventures has a strong track record of investing in early-stage startups in the energy and climate tech sectors. The company has previously invested in companies such as AutoGrid, which provides software solutions for managing distributed energy resources, and Carbon Clean Solutions, which develops carbon capture technology.
The EX1 fund is expected to attract a wide range of startups from across Europe and the United States. The fund will provide startups with the financial support they need to develop their technologies and bring them to market. It will also help startups to access TDK Corporation’s global network of resources and expertise, which can be invaluable in helping them to scale up their operations.
In conclusion, the launch of TDK Ventures’ €140 million fund EX1 is a significant development for the energy and climate tech sectors. The fund will provide much-needed financial support to early-stage startups that are working on innovative solutions to address the challenges of climate change and the transition to a low-carbon economy. With TDK Corporation’s global network of resources and expertise, startups will have access to the support they need to accelerate their growth and achieve their goals.
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- Source: https://zephyrnet.com/tdk-ventures-launches-fund-ex1-with-more-than-e140-million-to-accelerate-energy-and-climate-tech-early-stage-startups-in-europe-and-the-u-s-eu-startups/