The carmaker’s trading subsidiary has backed a financing round for electricity trading platform operator Digital Grid Corporation that brought its total funding to over $12m.
Japan-based energy services provider Digital Grid has raised an undisclosed amount of funding from investors including Toyota Tsusho Corporation, the trading subsidiary of carmaker Toyota.
Biomass fuel research and development agency Green Power Development Corporation of Japan also participated in the round, which took the company’s overall funding to approximately ¥1.35bn ($12.4m).
Founded in 2017, Digital Grid runs a peer-to-peer electricity trading scheme called Digital Grid Platform (DGP) that enables users to trade energy from renewable and non-renewable sources. The…
