TDK Ventures, the corporate venture capital arm of Japan-headquartered electronics manufacturer TDK, entered India today, launching an innovation hub in Bengaluru to identify energy, environmental and digital transformation startups in the country.
The TDK Ventures team will back entrepreneurs building decarbonisation, clean energy, energy storage and industry 5.0 technologies and will encourage collaboration between VCs and corporate venturers.
“At TDK Ventures, we put entrepreneurs first,” TDK Ventures president Nicolas Sauvage said in a statement announcing the launch. “In that spirit, in addition to bringing entrepreneurs to the investors, we want to bring together like-minded investors to support these amazing entrepreneurs.
“By physically being near such incredible startups and visionary innovators, we aim to offer our ‘TDK Goodness’ to the greatest minds in India and help accelerate the development of their projects and technologies for use by the greater global ecosystem.”
Siddharth Mehta, formerly principal at oil and gas producer Shell’s CVC arm, Shell Ventures, is leading TDK Ventures as an investment director having joined in June 2022. The unit then hired Varadharajan Ranganathan, a technology specialist focusing on materials at manufacturing group Dover India, as an India startup liaison four months later.
TDK Ventures was formed in 2019 in Silicon Valley with $50m of capital before it launched a second fund triple that size two years later. It has more than 20 active portfolio companies operating in sectors including advanced materials, robotics, clean energy, electric vehicles and healthcare.
The unit is hosting a launch event on March 1 in Bengaluru where the TDK Ventures team will present details of their Indian investment strategy. The keynote speaker will be Mohan Das Pai, chairman of venture firm 3one4 Capital chairman, VC fund Aarin Capital and educational services provider Manipal Global Education.
Shailesh Lakhani, managing director of Sequoia India, is also among the speakers as are Rema Subramanian, co-founder and managing partner of Ankur Capital, as well as Padmaja Ruparel, co-founder of Indian Angel Network.
Photos of Siddharth Mehta and Varadharajan Ranganathan and logo courtesy of TDK Ventures Inc.
