Mitsubishi launches an investment fund for new sustainable technologies

mitsubishi corporation advertisement the launch of the Fund Marunouchi Climate Tech Growth L.P. managed by Marunouchi Innovation Partners Co, whose purpose will be to invest mainly in companies dedicated to decarbonization through the development of climate technology.

As of its initial closing, the Fund (including related investment vehicles for Foreign Investors) has raised $400 million of committed capital from investors. Mitsubishi plans to raise new investment through additional rounds of financing and increase the size of the Fund to 800 million by its final closing.

In October 2021, Mitsubishi unveiled its “Roadmap towards a carbon neutral society” and its goal to be a company with zero net greenhouse gas (GHG) emissions by 2050.

It has also committed to a new growth strategy within the framework of its latest management plan, “Midterm Corporate Strategy 2024 – Creating MC Shared Value”, whose main objective is to build a brighter future by jointly promoting energy transformations ( EX) and digital (DX). Through these initiatives, Mitsubishi remains dedicated to addressing the challenges facing modern society and industry.

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The field of climate technology has raised expectations regarding accelerating development and application of a wide range of leading-edge and zero-balance technologies and solutions. The demand for investments in climate technology will grow in the medium and long term, since more financing is crucial to meet these expectations.

As the Fund prioritizes investments aimed at stimulating the growth of companies dedicated to climate technology solutions, Mitsubishi will use this opportunity to help commercialize, scale and deploy these entities’ cutting-edge technologies.

As a result, the Fund will not only help increase the corporate value of these entities, but will also support decarbonization and the realization of a carbon neutral society.

In addition, with the Mitsubishi Group as the main sponsor, the Fund will draw on the group’s extensive industry experience, business network and collective capabilities, and will play an important role in connecting all of its strategic investors.