Hitachi Ventures

Hitachi Ventures, founded in 2019 and headquartered in Munich, Germany, serves as the corporate venture capital arm of Hitachi Group. The firm focuses on investing in innovative companies that tackle significant technological challenges across various sectors, including IT, industrial automation, cloud services, mobility, energy, and smart medicine. With an initial fund of USD 150 million, Hitachi Ventures targets Series A, B, and C funding rounds for leading startups in Europe, Israel, and North America. The firm emphasizes collaboration with prominent technology hubs and co-investors to enhance its portfolio companies' growth. By leveraging Hitachi's extensive expertise and global network, Hitachi Ventures aims to support advancements that contribute to societal improvement and innovation.

Peter Bastien

President and Partner

Stefan Gabriel

Managing Director

Tobias Jahn

Partner

Agnes Lin

Investment Professional

Ankesh Madan

Principal

Jan Marchewski

Analyst

Galina Rachenkova

Principal

Gayathri Radhakrishnan

Partner

Wolfgang Seibold

Partner and CFO

Joanna Soroka

Principal

Past deals in Recycling

Ascend Elements

Venture Round in 2021
Ascend Elements specializes in the sustainable manufacturing of battery materials by utilizing elements extracted from discarded lithium-ion batteries. The company employs advanced hydro process recycling and direct recycling techniques to deconstruct old cathode materials at the atomic level, facilitating the creation of new cathode materials. This innovative approach allows clients to achieve a favorable return on assets while promoting economically viable recycling and affordable battery materials. Ascend Elements' patented Hydro-to-Cathodeā„¢ technology enhances the efficiency of producing new cathode materials from spent lithium-ion cells compared to traditional methods, leading to reduced costs, improved performance, and lower greenhouse gas emissions. Founded in 2015, Ascend Elements is positioned as a leader in transforming battery resource processing and sustainability in the industry.
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