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AI-driven energy startup Octopus hits $2B mark after $200M investment from Tokyo Gas

TechCrunch

Japanese Prime Minister Yoshihide Suga has set a target of reaching net-zero by 2050. Octopus has also launched Electric Juice, an electric vehicle roaming network, and partnered with Tesla to launch Tesla Power. Japanese renewables lag the U.K. by 50% (renewables in Japan in 2019 accounted for 18.9% of electricity versus 37.9%

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Korean VC Sopoong closes $8M fund for startups focused on environmental impact

TechCrunch

Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Though some businesses may never be truly sustainable, a venture firm in Seoul argues that emerging climate-tech startups will help big manufacturers do better overall. Getting there will be another story. Sopoong has closed on around $8 million (10.3

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Rebranded Toyota Ventures invests $300 million in emerging tech and carbon neutrality 

TechCrunch

So while Toyota Ventures’ investment approach isn’t changing, it’s broadening the scope of startups it will consider investing in. . “AI Startups are experiments in the marketplace, and this is a way for us to understand and get comfortable with where innovations are coming from.” .

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Salesforce leads $15M investment in Asian HR tech platform Darwinbox

TechCrunch

Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. Overall, the startup’s revenue has ballooned by 300% since September 2019, when it last raised money , he said.

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ZEBOX, an incubator for supply chain startups, launches its Asia hub in Singapore

TechCrunch

ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. ZEBOX looks for startups in four area.

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TRIREC, INNOPOWER team up for $100m green energy fund

AsiaTechDaily

This strategic partnership will help catalyze the investment in companies that are making substantial contributions towards the global target of achieving a net-zero economy by 2050, according to the announcement.

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Japanese EV Startup Terra Motors Raises $28 M in Series C Funding for Infrastructure Expansion

AsiaTechDaily

Register Japanese electric vehicle (EV) startup Terra Motors has successfully raised 4 billion yen ($28 million) in a recent Series C funding round. Japan’s goal of achieving carbon neutrality by 2050 and transitioning to a decarbonized power supply underscores the importance of expanding the adoption of EVs.

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