TDK Corporation (TSE: 6762), through its venture capital arm, TDK Ventures, has unveiled plans to commence its third investment fund, dubbed Fund EX1, amassing a capital pool of $150 million. This venture funding initiative will be supported by Amperex Technology Limited (ATL), a TDK subsidiary based in Hong Kong specializing in lithium-ion rechargeable batteries, serving as a limited partner to Fund EX1.
The newly announced Fund EX1 will focus on supporting early-stage ventures within the energy transition, electrification, and decarbonization sectors, primarily located in the U.S. and Europe.
Launched in 2019 as an autonomous subsidiary of TDK Corporation and under the leadership of its President, Nicolas Sauvage, TDK Ventures aims to fuel innovation in areas such as materials science and energy/power. These fields are often underrepresented in conventional venture capital investment portfolios. TDK Ventures’ vision encompasses driving the digital and energy transformations of sectors including health and wellness, next-generation transportation, robotics and industrial, mixed reality, and the broader Internet of Things (IoT) and Industrial Internet of Things (IIoT) markets.
As part of its strategy, TDK Ventures plans to co-invest and support high-potential portfolio companies, offering them not only financial backing but also invaluable technical expertise and access to international markets where TDK has established operations.
TDK Ventures boasts a multinational team with members stationed in San Jose, CA; Boston, MA; Tokyo, Japan; and Bengaluru, India. To extend its reach and increase its capacity for managing investments, the company has plans to soon expand its operations into Europe.