TDK Ventures has invested in fuel cell company GenCell, marking the first investment in the renewable energy space for the TDK Corporation subsidiary.
GenCell develops alkaline fuel cell stacks in the backup power and hydrogen fuel cell market.
The Israel-based company’s fuel cells could power fully off-grid rural areas where electricity is not a commodity, contributing to TDK Ventures’ sustainability goals and investment thesis.
TDK Ventures was launched in July 2019 with a mission to invest in innovative startups that focus on digital and energy transformation and contribute to sustainability.
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