2023-05-19 11:31:57 ET
TDK Corporation's ( OTCPK:TTDKY ) venture capital arm will launch a third fund with $150 million in new capital to focus on startups specializing in clean energy and climate technology.
The new fund, which will be called EX1, will focus on early-stage investments in energy transition, electrification, and decarbonization within the U.S. and Europe, TDK Ventures said on Friday.
Amperex Technology will become a limited partner in the new fund.
With the new fund, TDK Ventures' total assets under management are now at $350 million.
For further details see:
TDK Ventures sets up new $150M fund to focus on clean energy startups