Introduction
- A comprehensive array of solutions and novel alliances are needed to address urgent climate challenges and safeguard the planet.
- TDK Ventures aligns with Rainforest Partnership to accelerate their front-line protection of rainforests, leveraging impact-driven entrepreneurs in the tech sector for sustainable solutions.
- The exploration between the two organizations aims to identify equal-win solutions through tech expertise for a positive impact.
Dubai and San Jose, CA – December 2, 2023 – TDK Corporation (TSE: 6762) announced today that its subsidiary, TDK Ventures Inc., has joined Rainforest Partnership in an exploration to help accelerate their meaningful mission to protect the rainforests with solutions from impact-driven entrepreneurs in the tech sector.
The alliance contributes to a global network of organizations united in combating climate change, recognizing the critical role rainforests play in absorbing and storing carbon dioxide to combat climate change.
Rainforest Partnership is an international non-governmental organization whose mission is to protect, stabilize and restore tropical rainforests by partnering with local and indigenous communities as guardians and economic participants while renewing harmony between people and nature.
TDK Ventures invests in global sustainable innovations, scaling impactful solutions to solve the world’s most pressing challenges and improve billions of lives. Since its founding in 2019, the hard tech corporate venture capital firm has focused on bolstering innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios.
Paving the way for a truly sustainable future, TDK Ventures has invested in fusion energy startup Type One Energy, grid storage with Peak Energy, water level measurements with Divirod, green hydrogen with Verdagy, cleaner battery processes with AM Batteries, and eVTOL solution Autoflight for possible rainforest tracking and fire-fighting solutions.
“Saving the planet from disastrous climate change requires a holistic range of solutions and alliances,” commented Nicolas Sauvage, President of TDK Ventures. “From venture investment in sustainable technology solutions to front-line protection of the rainforests, we need a concentrated and collaborative effort to approach the climate challenge. Our alliance with Rainforest Partnership aims to help tech entrepreneurs identify equal-win solutions that address our greatest challenges.”
“To protect the future of the world’s rainforests, we need everyone on board — from governments at all levels, to corporations, investors, entrepreneurs, environmental activists, and citizens around the world,” commented Niyanta Spelman, CEO of Rainforest Partnership. “We are thrilled to align with mission-driven investors like TDK Ventures that are using their incredible tech expertise to invest in solutions that further the world’s digital, energy, and environmental transformations.”
The exploration with Rainforest Partnership comes on the heels of TDK Ventures’s second annual Energy Week conference, which assembled more than 20 global leaders in the energy sector alongside academics, professors, entrepreneurs, venture capitalists, and scientists to explore the future of energy and its societal impact.
About
About Rainforest Partnership
Founded in 2007, Rainforest Partnership works to solve the challenge of deforestation by centering the needs of those on the front lines of the rainforest—Indigenous peoples and local communities. The organization builds collaborative relationships with rainforest communities as a trusted partner, developing comprehensive, ground-up solutions and economic responses that create effective and long-lasting conservation outcomes. In 2021 alone, RP’s efforts led to the durable protection and restoration of 1.16 million acres of rainforest in Peru, Ecuador and along the Peru-Brazil border. Powered by a powerful and passionate global team that seamlessly blends staff, volunteers, and partners, Rainforest Partnership not only achieves high value outcomes for forests through its own work, but also by its thought leadership that enables others to advance their impact more effectively. For more information, please visit https://www.rainforestpartnership.org/.
About TDK Ventures
TDK Ventures Inc. invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company’s vision is to propel the digital and energy transformations of segments such as next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners may contact TDK Ventures: www.tdk-ventures.com or [email protected].
About TDK Corporation
TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK‘s comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2023, TDK posted total sales of USD 16.1 billion and employed about 103,000 people worldwide.
