Participated · Series A · May 2026

Shizen Connect builds and operates a VPP energy management system that integrates batteries, EVs, heat pumps (eco-cute) and other devices using IoT and AI to enable aggregated control and market transactions. The company develops its own IoT devices, AI-based optimization, and a digital platform for large-scale VPP and DR services, and sells related hardware. Its platform has been adopted by major utilities and energy companies (including Tokyo Gas, Tokyo Electric Power Energy Partner, Hokkaido Electric Power, Hokuriku Electric Power, Osaka Gas, JERA, Tokyu Fudosan and others) across household DR and grid-scale battery control. Independent market research (Fuji Keizai) cited Shizen Connect as No.1 by corporate contract count in DR/VPP platforms and No.1 in AC/RA system corporate contract counts. The company aims to scale via capital-business alliances with 16 partners to become the de facto standard VPP platform. Shizen Connect was founded on October 2, 2023 and is headquartered in Tokyo; it plans to use newly raised funds to hire engineers and invest further in R&D.

Participated · Series B · Apr 2024

enechain provides eSquare Live, an online marketplace where market participants can buy and sell electricity, fuels, and environmental value products. The platform has handled more than ¥3 trn in cumulative wholesale electricity transactions, and its screen‐based trading volume via eSquare Live grew more than 25× year-on-year. To reduce counterparty and settlement risk, the company runs joint ventures eClear (with MUFG Bank) for power-trade clearing and eXstend (with Sumitomo Mitsui Financial Group) for fuel-price hedging. Following its latest financing, enechain’s paid-in capital has reached roughly ¥10 bn and group-wide funding now totals several hundred billion yen. The new capital will be used to upgrade eSquare Live to global-class UX and reliability standards, aggregate additional products and data, deepen ecosystem integrations, and embed advanced AI capabilities through a newly created AI lab. The company will also invest heavily in cybersecurity and consider M&A to accelerate energy-sector digital transformation.

Participated · Series C · Jun 2023

Founded in 2010 and based in Tokyo, Terra Motors is known for its electric motorcycles and its Terra Charge EV charging infrastructure. Terra Charge comprises an app for scheduling and payments, a managed cloud platform, and installation services for charging equipment. The service has been adopted by local governments, condominiums, hotels, and golf courses, and the company reports over 4,700 unit orders as of June 27, 2023. Terra Motors has become a leading domestic provider of EV charging infrastructure in Japan. The company plans to use new funding to accelerate expansion of its charging network and to further develop software, hardware, and services. It also intends to strengthen recruitment and organizational capabilities to pursue EV-based energy management, electricity supply, and demand-response initiatives. Terra Motors develops, manufactures and sells electric two- and three-wheelers. Its flagship vehicle is the A4000i, an electric two- and three-wheeler with smartphone connectivity. Led by founder and CEO Toru Tokushige, the company operates overseas affiliates in Vietnam and the Philippines. Terra plans near-term expansion into India and Bangladesh and intends to enter Indonesia, Taiwan, Thailand and other Asian markets in the coming years. It also plans to enhance production in Vietnam and the Philippines to support regional growth. The company completed a $10M financing round to fund its Asian expansion.

Participated · Equity · Jun 2022

Brave group is an IP production company centered on VTuber talent and related businesses, operating projects including ぶいすぽっ！, HIMEHINA, and Neo-Porte. The company has pursued international expansion into English-speaking markets, Korea, and China. Founded in October 2017, Brave group has raised cumulative funding of about ¥14 billion to date. Its business spans talent management, streaming activities, music production, live events, and merchandise production as part of broader IP commercialization. Following the Series E financing, GREE Holdings (via REALITY) became the company's largest shareholder, strengthening a strategic partnership. Brave group plans to use new proceeds to accelerate global expansion, diversify IP businesses, invest in technology, and pursue strategic M&A.

Led · Equity · Dec 2021

AG&P City Gas (operating as AG&P Pratham) is developing twelve exclusive city gas distribution (CGD) concessions across Rajasthan, Andhra Pradesh, Tamil Nadu, Karnataka and Kerala. The company is building networks to deliver compressed natural gas (CNG) for vehicles, piped natural gas (PNG) to homes, and LNG storage and transportation solutions for industrial and commercial customers. The equity will be used to continue the build-out of its 12 concessions in South India and Rajasthan and to expand the network to reach millions of customers. AG&P City Gas expects the concessions to eventually generate about 3.5 billion m3 in gas sales volume, roughly 50% of Osaka Gas’ recorded gas sales volume last year. The company is one of the largest private CGD companies in India and is expanding its CNG station roll‑out to support vehicle transition to cleaner fuel. Combined equity funding available to AG&P City Gas now exceeds US$300 million following recent investments.