TDK Corporation has announced today that its subsidiary TDK Ventures Inc. will launch Fund EX1, totaling US$150 million in new capital. 

The fund targets early investments in energy transition, electrification and decarbonization in the US and Europe. With the launch of the fund, TDK is doubling down on efforts to promote innovation in electrification and decarbonization. The EX1 Foundation supports entrepreneurs who create innovative technologies in the field of energy conversion and decarburization. Amperex Technology Limited (ATL) will become a limited partner of Fund EX1. The company is known for its high-tech, high-volume prowess in developing, producing and packaging rechargeable lithium-ion battery cells and packs. 

TDK Corporation is a Japanese multinational electronics corporation that manufactures electronic components and recording and data-storage media. TDK's portfolio includes passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetic, high frequency, piezoelectric and protective devices. TDK Ventures is the Corporate VC arm of TDK Corporations that invest globally in hard-tech entrepreneurs. TDK Ventures propels 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.