Hitachi Establishes the Third Company Enterprise Capital Fund for Innovation within the Digital Area

Twice the Measurement of Earlier Funds, the New Fund Goals to develop New Enterprise Alternatives By way of Chopping-Edge Digital Applied sciences

TOKYO, Apr 20, 2023 – (JCN Newswire) – Hitachi, Ltd. (TSE: 6501) immediately introduced the institution of a 3rd fund for Hitachi Ventures (HV), the worldwide company enterprise capital (“CVC”) arm of Hitachi(1), for the aim of accelerating innovation and initiating new enterprise alternatives within the digital area, a key enterprise focus space for Hitachi. The fund will start with a measurement of $ 300 million, which is twice the dimensions of the primary and second funds established beforehand and can make strategic investments in startups driving the newest digital traits together with Web3 and generative AI applied sciences.

Hitachi established HV and launched the primary fund in June 2019 and the second fund in October 2021. Since being based in June 2019, HV has constructed a powerful funding staff, and at the moment manages a powerful portfolio with 21 startups contributing to digital transformation, carbon-free society, and wellbeing out of the 2 funds, offering new worth for patrons. Each funds have supported the expansion of the startups via capital and collaboration with Hitachi companies. Areas of funding embrace: high-speed distributed knowledge processing resolution that allows processing of huge quantities of knowledge generated by IoT and AI, options for robotically gathering Scope 3 greenhouse gasoline emission knowledge within the upstream provide chain, and options for carbon credit score evaluation, all of which has turn into a rising enterprise concern.

The newly established third fund will develop investments in startups that tackle the problem of superior enterprise fashions and digital financial system constructing on new traits resembling Web3 expertise, in addition to startups with cutting-edge expertise resembling AI, blockchain, cloud computing, 5G/6G and VR and new companies fashions. By way of such investments, the fund will facilitate the creation of digital innovation and the social implementation of those applied sciences and can contribute to the enhancement of consumers’ enterprise actions, enchancment of every day life experiences, and sustainable progress.

Fostering open innovation and progress by strategic company venturing, Hitachi will discover digital enterprise fashions for growing companies that innovate buyer expertise and producing progress and can present prospects and society with new worth that makes use of Hitachi’s strengths within the three enterprise sectors: Digital Techniques & Companies, Inexperienced Power & Mobility, and Connective Industries.

Keiji Kojima, President & CEO, Hitachi, Ltd., stated:

In recent times, technological change has been unprecedented in tempo. In opposition to this backdrop, Hitachi started its company enterprise actions in 2019 as a way of rapidly figuring out improvements within the digital area globally and integrating them into our Social Innovation Enterprise and Innovation Development Technique. The newly established third fund will notice collaborative creation with startups which have cutting-edge applied sciences resembling Web3 and generative AI applied sciences. This fashion Hitachi will additional advance its pioneering spirit in growing buyer worth and new market alternatives which has been our id since our founding, and the strengths that Hitachi has constructed up within the Digital Techniques & Companies, Inexperienced Power & Mobility, and Connective Industries enterprise domains. By way of this exercise we are going to speed up the worldwide progress of our Social Innovation Enterprise and supply new worth to society.

Stefan Gabriel, CEO & Managing Director of Hitachi Ventures GmbH, stated:

Since our basis in 2019, HV has developed a extremely regarded enterprise funding program investing into international startup leaders in partnership with most of the world’s finest VC and CVC funds. HV provides worth to portfolio firms by supporting collaboration and strategic dialogue with Hitachi’s companies globally, via which we gained a powerful repute out there and was acknowledged by a prime rating in GCV’s “Powerlist 2022″*2. With our third fund, HV will additional enhance Hitachi’s Innovation Development Technique by investments and collaboration with progressive quick scaling digital companies and expertise options and can lengthen our international attain.

(1) CVC fund: The kind of fund {that a} enterprise firm strategically invests in exterior startups and different firms.*2Global Company Venturing, a knowledge supplier for the CVC business and a world affiliation for 1000+ CVCs, selects and ranks CVCs worldwide yearly

Powerlist 2022 (www.hitachi.com/New/cnews/month/2023/04/230420a.html)

About Hitachi Ventures GmbH

Hitachi Ventures is the Strategic Company Enterprise Capital arm of Hitachi, Ltd. We spend money on progressive startups with strategic relevance to Hitachi, Ltd. that handle society’s key technological challenges in goal areas resembling mobility, well being care and good life, business, power and IT. With workplaces in Germany and United States we cowl Europe, Israel and North America. We search for main startups with thrilling applied sciences and enterprise fashions which we help as investor in addition to via strategic collaborations with Hitachi enterprise models.

For extra data on Hitachi Ventures, please go to the corporate’s web site at: www.hitachi-ventures.com/

About Hitachi, Ltd.

Hitachi drives Social Innovation Enterprise, making a sustainable society with knowledge and expertise. We’ll clear up prospects’ and society’s challenges with Lumada options leveraging IT, OT (Operational Know-how) and merchandise, beneath the enterprise construction of Digital Techniques & Companies, Inexperienced Power & Mobility, Connective Industries and Automotive Techniques. Pushed by inexperienced, digital, and innovation, we intention for progress via collaboration with our prospects. The corporate’s consolidated revenues for fiscal 12 months 2021 (ended March 31, 2022) totaled 10,264.6 billions of yen ($84,136 tens of millions of USD.S. {dollars}), with 853 consolidated subsidiaries and roughly 370,000 staff worldwide.

For extra data on Hitachi, please go to the corporate’s web site at: www.hitachi.com.

Supply: Hitachi, Ltd.

Sectors: Cloud & Enterprise, PE, VC & Alternate options, Digitalization