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Mitsubishi Motors

Climate love

Mitsubishi and MUFG launch $1bn decarbonization fund for startups in offshore wind turbines.

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Japanese conglomerate Mitsubishi Corporation has launched a decarbonization fund, aiming to raise up to US$1bn (โ‚ฌ910m) to invest in European and US startups working on floating offshore wind turbines and sustainable aviation fuel.
The Marunouchi Climate Tech Growth Fund, managed by Marunouchi Innovation Partners (MIP), a company established by Mitsubishi, MUFG Bank and Pavilion Private Equity, has raised an initial US$400m from investors.
MIP plans to raise new investment through additional rounds of funding and increase the size of the fund to US$800m to US$1bn by its final closing.
The initiative is part of Mitsubishiโ€™s โ€œRoadmap to a Carbon Neutral Societyโ€ strategy with the group aiming to be a net-zero greenhouse-gas emissions company by the year 2050.
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19 more agrees trigger social media ads

  • walter lungayi

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    63 w

    great move

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    • Kevin

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      63 w

      A great step forward

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      • Rukia Ahmed Abdi

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        63 w

        What a a great move by Mitsubishi Motors. Other manufacturers should consider following suit.

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        • We Don't Have Time

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          63 w

          Dear Tabitha Kimani Thank you for getting your climate love to level 2! We have reached out to Mitsubishi Motors and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

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          • Patrik Lobergh

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            63 w

            @ Tabitha: This climate love should be directed to Mitsubishi Heavy Industries, as they are doing wind turbines: https://www.mhi.com/products/energy

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            • Joseph Githinji

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              63 w

              This is a great move

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              • Munene Mugambi

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                63 w

                This is a bold step by Mitsubishi

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                • Tabitha Kimani

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                  63 w

                  With the big polluters involved in transition, we are winning the war.

                  8
                  • rosebellendiritu

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                    63 w

                    It may seem little steps but very necessary

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                    • dickson mutai

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                      63 w

                      if they can also improve on their engine carbon emmisions ... great initiative though

                      4
                      • Johannes Luiga

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                        63 w

                        A great step in the right direction

                        14
                      • Paul Morse

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                        63 w

                        Not sure that sustainable aviation fuel other than maybe hydrogen is a real thing. But baby steps in the right direction

                        15
                        Welcome, let's solve the climate crisis together
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