The IT conglomerate’s $64m CVC subsidiary has made its first impact investment in microfinance service Gojo & Company.

Heavy industry accounts for 22% of global greenhouse gas emissions but is notoriously difficult to decarbonise. These startups are developing solutions, from new thermal energy storage and fusion reactor design to emissions monitoring.

Marc Bouchet will conduct deals for TDK Ventures Fund 2 while David Delfassy and Sam Hill will invest through Fund EX1.

From geothermal energy and mining tech to subterranean delivery systems, here are some of the most exciting startups focusing on what's underground.

Luís Fábrica, formerly investment associate at the energy group’s CVC group, has been promoted after four years at the unit.

The CICC Porsche (Shanghai) Venture Capital fund, whose size is reportedly $118m, will target energy and connected vehicles in China.

After three years at the Japanese electronics group’s CVC unit, Marc Bouchet got promoted for a second time to senior investment associate.

As part of its new 2035 Industrial Plan, A2A has joined forces with 360 Capital again for a second CVC fund on its way to a $217m target.

Aramco Ventures believes generative AI will be part of helping the Saudi oil major meet its 2050 net zero target.

The startup, which makes batteries designed to perform better in extreme heat and cold, also has Lockheed Martin, LG, Taiyo Nippon Sanso and Shell as backers.