Mitsubishi
OEM : Diversified
Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses together with its offices and subsidiaries in approximately 90 countries and regions worldwide, as well as a global network of around 1,700 group companies. MC has 10 Business Groups that operate across virtually every industry: Natural Gas, Industrial Materials, Petroleum & Chemicals Solution, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution and Urban Development. Through these 10 Business Groups plus the addition of its Industry DX Group, MC’s current activities have expanded far beyond its traditional trading operations to include project development, production and manufacturing operations, working in collaboration with our trusted partners around the globe.With an unwavering commitment to conducting business with integrity and fairness, MC remains fully dedicated to growing its businesses while contributing to a prosperous society.
Assembly Line
Mitsubishi Corp. to launch $1bn decarbonization fund for startups
Japanese trading house Mitsubishi Corp., together with MUFG bank and others, will launch one of the largest decarbonization funds in Japan, Nikkei has learned. The fund will invest a total of $1 billion in startup companies with promising technologies in areas such as floating offshore wind turbines and sustainable aviation fuel.
Hystar raises USD 26mn to scale up to full commercial operations
Hystar AS, the Norwegian high-tech hydrogen company, today announces a Series B funding round of USD 26mn to rapidly scale-up to full commercial operations with an automated GW-capacity production line by 2025. The injection of capital, raised through equity, will also be used to fuel Oslo-headquartered Hystar’s growth, expansion into new markets, and ability to deliver on larger (100 MW and beyond) projects.
The round was co-led by AP Ventures and Mitsubishi Corporation. Additional investors in the round included Finindus, Nippon Steel Trading, Hillhouse Investment and Trustbridge Partners, alongside existing investors SINTEF Ventures and Firda.
Yokogawa and Mitsubishi Heavy Industries to Undertake AI-enabled Robot System Project for the Nippon Foundation - DeepStar Joint Research & Development Program
The aim of this project is to develop an automatic inspection system that utilizes robots to identify and predict hazards in offshore facilities. The use of a wide variety of robots to enable unmanned operations and thereby reduce the risk of performing inspections on offshore platforms has long been considered; however, the centralized coordination of individual robots is complex as it requires the management of multiple systems and the data that they acquire. Yokogawa has already been engaged in the research and development of a robot service platform that centralizes the management of multiple robots and seamlessly links them with existing control systems. Leveraging the findings of this R&D, this project will build a communications infrastructure and robot system that is well suited for the environment found on offshore platforms, and utilize an AI application to convert for use in offshore platform operations the image and sound data acquired by robots.
Litmus Secures $7 Million Series A Financing From Mitsubishi Corporation
Litmus Automation, an Industrial Edge Computing platform provider, today announced it has completed a $7 million Series A round of financing led by Mitsubishi Corporation. The investment brings Litmus Automation’s total funding since launching its secure Industrial Edge Computing platform to $12.6 million and will help the company quickly ramp up sales and marketing efforts to meet the demand for companies ready to move to Industry 4.0.