Mitsubishi Corporation has launched the Marunouchi Climate Tech Growth Fund, a brand new initiative geared toward investing in firms centered on local weather tech and decarbonization. The fund is managed by Marunouchi Innovation Partners (MIP), an organization collectively established by Mitsubishi, MUFG Bank (MUBK), and Pavilion Private Equity (PPE). With an preliminary closing of $400 million in capital commitments from buyers, MIP plans to extend the fund’s dimension to between $800 million and $1 billion by extra rounds of funding.
The launch of the fund aligns with Mitsubishi’s “Roadmap to a Carbon Neutral Society” unveiled in October 2021, which outlined the corporate’s dedication to attaining net-zero greenhouse fuel emissions by 2050. Additionally, it helps MC’s newest administration plan, “Midterm Corporate Strategy 2024 – Creating MC Shared Value,” centered on selling vitality and digital transformations for a brighter future.
The fund’s main goal is to spur development in firms creating modern local weather tech options, finally supporting the conclusion of a carbon-neutral society. With growing demand for local weather tech investments within the medium to long run, the fund goals to assist commercialize, scale up, and rollout cutting-edge applied sciences.
As the primary sponsor, Mitsubishi will provide its business experience, enterprise community, and collective capabilities to attach all strategic buyers within the Fund. The firm and MIP are optimistic concerning the fund’s potential to safe blue-chip funding alternatives and assist the expansion of its portfolio firms, thereby contributing to decarbonization and a sustainable future.
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