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Mitsubishi Electric

2-7-3 Marunouchi, Tokyo, Chiyoda-ku, 100-8310, Japan

Overview

Mitsubishi Electric Corporation manufactures and sells electric and electronic equipment used in energy and electric systems, industrial automation, information and communication systems, electronic devices, and home appliances. It serves customers in Japan and internationally.

Total investments
13
Lead investments
4
Investments · 12mo
6
Active investors
10

Sector focus

  • Hardware
  • Industrial Automation
  • Manufacturing
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Investment portfolio

  • Array Labs

    Led · Equity · Jul 2026

    Array Labs is preparing to launch what it describes as the world's first coordinated fleet of radar satellites to provide high-resolution, continuously updated intelligence worldwide, operating day or night and through clouds. The company has validated core formation-flying and multistatic radar technologies and has secured competitive R&D contracts with DARPA, the U.S. Navy, and the U.S. Air Force. Array is headquartered in Redwood City, Calif., and is backed by investors including Y Combinator, Catapult Ventures, Kompas VC, and Washington Harbour Partners. In July 2026 Array raised an additional $21 million in an oversubscribed strategic round anchored by Mitsubishi Electric, which also entered a partnership with Array to develop maritime and aircraft tracking services for defense and security customers in the Asia-Pacific region. The company positions this strategic capital to advance its technology and commercialization efforts, though specific financial metrics and revenue figures were not disclosed in the announcement.

  • ZutaCore

    Participated · Series C · Jun 2026

    ZutaCore develops a waterless two-phase cooling platform designed to support AI and HPC processors exceeding 4,000 watts. Its technology is deployed in more than 75 installations globally across the Americas, Europe and Asia. The company is scaling commercialisation to meet rising bookings and deployments driven by demand for AI and high-performance computing infrastructure. ZutaCore plans to advance R&D to address next-generation chip thermal requirements and enable integration with air and single-phase cooling systems, as well as support megawatt-class deployments. Following the Series C, it strengthened its leadership team with appointments to COO, chief R&D officer, CFO and chief people officer.

  • Elephantech

    Led · Series F · Mar 2026

    Elephantech has developed SustainaCircuits, an additive PCB manufacturing technology that uses nanomaterials, high-precision inkjet printing, and optimized processes to form circuits directly on substrates. The company targets the large general multilayer PCB segment within a roughly ¥10 trillion PCB market and in 2024 developed inkjet printing equipment and advanced materials (copper nanoink and primers) for that segment. Elephantech says SustainaCircuits can reduce CO2 emissions by about 75%, water use by about 95%, and copper usage by about 70% versus conventional subtractive methods. The company has been progressing evaluations and verification toward introducing the technology into PCB manufacturers' mass-production lines. Following the Series F participation and partnership with Mitsubishi Electric, Elephantech plans to strengthen manufacturing and sales capacity for its printing equipment and accelerate global deployment and industry standardization of its technology. The company is headquartered in Chuo-ku, Tokyo.

  • PLD Space

    Led · Series C · Mar 2026

    PLD Space is developing the MIURA 5, a two-stage, partially reusable rocket designed to deploy small satellites into orbit with higher flexibility and reduced scheduling complexity. The company plans MIURA 5’s first test flight in 2026 and expects the vehicle to support up to 30 missions per year from several spaceports, including the Guiana Space Centre. PLD Space aims to scale its industrial and launch infrastructure to serve a global pipeline of commercial and institutional customers. The MIURA 5 program emphasizes reusability to provide a more sustainable approach to launches. Financially, PLD Space reported securing €210 million in 2026, which includes a €180 million Series C closed in March and a €30 million venture debt loan from the European Investment Bank. The company positions itself among a select group of private firms developing end-to-end launch systems to enable reliable access to space.

  • Coolgradient

    Participated · Seed · Jan 2026

    Lucend’s core product is a Transparent AI platform that links to a data center’s existing sensors and infrastructure—no new hardware required—to transform static systems into adaptive, self-learning environments. The software ingests roughly 300 billion historical sensor readings and analyzes billions of data points daily to deliver prescriptive, explainable recommendations that operators can vet before implementation, maintaining a ‘human-in-the-loop’ workflow. Deployed across dozens of facilities in Melbourne, Singapore, Paris, London, Amsterdam and Chicago, the technology has driven ~40 % improvements in PUE, ~25 % reductions in power consumption, ~30 % lower water use, and ~40 % gains in team efficiency for customers such as Digital Realty, Global Switch, and T5. With more than half of the world’s data centers located in the United States, Lucend is using its new capital to expand sales, operations and customer support in that market. The company’s strategy focuses on helping operators maximize existing assets’ lifespan and defer CapEx while meeting rising AI-driven demand for capacity. Industry partners like Mitsubishi Electric plan to pair Lucend’s software with their hardware to enhance customer value. To date, Lucend has raised a $3.3 million seed round to fund this expansion.

Team

  • Iwasaki Yatarō

    Founder

  • Masahiko Arai

  • William Yerazunis

    Senior Principal Research Scientist

    LinkedIn
  • Keizo Yoneda

    Deputy Engineering Manager

    LinkedIn