TDK Corporation has established a corporate venture capital fund in the United States focusing on investing in Energy Transformation (EX) related startups. Thus, contributing to decarbonization based on the resolution of Board of Directors on May 19, 2023.

The CVC Fund will be invested by TDK Ventures Inc., a consolidated subsidiary operating corporate venture capital activities, and Amperex Technology Limited, a consolidated subsidiary operating manufacturing and selling rechargeable batteries.

Reason for the Establishment

TDK has operated the business of electronic components based on magnetic material technologies. In addition, it has recently cultivated the new business opportunities related to EX and DX (Digital Transformation) to pursue the sustainable enhancement of enterprise value.

Particularly, the rechargeable battery business is one of the core businesses of TDK, which has been expanded under the leadership of ATL. It focuses on further strengthening the competitiveness of small capacity battery business.

For medium-capacity battery business such as residential ESS, ATL has been developed speedily and efficiently based on “Business Alliance and Establishment of Joint Venture with Contemporary Amperex Technology Co., Limited (disclosed on April 28, 2021).
In such a business situation, TDK decided to establish an US-based CVC Fund to develop innovative ecosystem towards the further growth of our business related to EX through investment into startups contributing to decarbonization and alliance with them.
TDK has already established TDK Ventures Inc. operating CVC activities in May 2019 for the purpose of investment into startups at early stage to accelerate technology development and bolster our growth strategy. It has invested into 29 startups in total since its commencement and built investment portfolio for the future business growth. The experiences and knowledges will be leveraged for the operation of CVC Fund after its establishment.