# TEPCO Ventures

TEPCO Ventures is a Venture Capital based in Tokyo, Japan.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Tokyo, Japan
- **Region:** Asia
- **Address:** Tokyo, Japan
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.tepcoventures.co.jp

## Regulatory record

- **Reports private funds:** No

## About

TEPCO Ventures is a subsidiary of the TEPCO Group that creates start-up ventures and investments, and provides management support. It develops wholly owned subsidiaries and joint-venture companies in various industries within Japan and overseas. TEPCO Ventures has made 6 investments, including a 2021 investment in Fermata Energy, and has 2 portfolio exits, including Fermata Energy in 2025.

## Sectors

- Energy Transition & Renewables
- Industrial Tech
- Infrastructure
- ClimateTech

## People

- Shinji Akatsuka — President and CEO
- Momoko Nagasaki — Former Chief Innovation Officer, TEPCO Ventures; Executive Vice President, TEPCO Holdings
- Kenji Tateiwa — President, Agile Energy X

## Questions

### How is TEPCO Ventures related to Tokyo Electric Power Company?

TEPCO Ventures is a wholly owned subsidiary of Tokyo Electric Power Company Holdings, Japan's largest electric utility. It functions as the group's dedicated corporate venture capital arm, investing TEPCO's balance-sheet capital into early-stage companies whose technologies can be deployed across the parent's generation, transmission, and retail operations. The relationship gives portfolio companies direct access to one of the world's most complex power grids for pilot projects.

### Does TEPCO Ventures invest only in Japanese startups?

TEPCO Ventures concentrates primarily on the Japanese startup ecosystem and is a member of the Japan Venture Capital Association. However, given the parent company's international consulting operations and partnerships across Southeast Asia, the unit can create pathways for portfolio companies to expand regionally. No publicly disclosed non-Japanese portfolio companies have been confirmed.

### What makes TEPCO Ventures structurally different from a typical corporate VC?

The defining structural feature is its captive pilot environment: startups selling grid hardware or software can deploy directly onto TEPCO's live transmission and distribution network. This real-world testing ground—one of the most disaster-hardened grids globally—functions as both a diligence filter and a scaling accelerator, a deployment pathway most corporate VCs cannot offer.

## Related profiles

- [TEP Capital](https://altss.com/profile/tep-capital)
- [Tepper Holdings](https://altss.com/profile/tepper-holdings)

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Last updated: 2026-06-03T20:00:00.000Z

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