The company announced that its wholly-owned subsidiary, TDK Ventures Inc., will create its third fund with $150 million in new capital. TDK Ventures has announced the creation of its new Fund EX1, which will have a capitalization of $150 million and will invest in companies developing climate and energy technology. The new fund will concentrate on early-stage investments in energy transition, electrification, and decarbonization projects in the United States of America and Europe.
TDK Ventures is well-known for its successful investments in the renewable energy and environmental technology sectors. Since its inception, the company has made ten investments in the industry, backing companies such as Wheels, which Helbiz, Inc. acquired; electric vertical take-off and landing vehicle (eVTOL) company Autoflight; battery-upcycling company Ascend Elements; brilliant electrical-panel company Span.io; off-grid back-up power-solutions company GenCell, which had an initial public offering on the Tel Aviv Stock Exchange; water-sensing analytics company