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Mitsubishi, Toyota lead $147m Japanese fund for African clean energy and EV startups
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Mitsubishi, Toyota lead $147m Japanese fund for African clean energy and EV startups
Japanese companies, including Mitsubishi, Sumitomo Mitsui Banking, and Toyota Ventures, have invested in a $147 million Africa-focused venture capital fund, signalling growing interest from Asian investors in the continent’s clean technology sector. The Novastar Ventures fund also drew backing from SBI Holdings, Mitsui OSK Lines, and the Japan International Cooperation Agency, according to partner Steve Beck. The fund will focus primarily on gre…
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