TDK Ventures invests in Singapore-based startup Amperesand to empower global electrification through solid state transformers [Yahoo! Finance]
TDK CORP S/ADR (TTDKY)
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Source: Yahoo! Finance
TDK Ventures invested in Amperesand because of their groundbreaking and market-ready SST technology - solving key challenges in the EV DC fast-charging sector, providing a critically needed solution for accelerating EV adoption and future-proofing of electric grid infrastructure SAN JOSE, Calif. Feb. 7, 2024 /PRNewswire/ -- TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures Inc. is investing in Amperesand and their grid infrastructure solutions powered by innovative solid-state transformer (SST) technology to deliver megawatt-scale DC charging solutions for the EV revolution. Spun out of the Nanyang Technological University of Singapore (NTU) and backed by a world-class team with decades of industry experience in power systems, Amperesand delivers critical improvements to EV charging infrastructure hardware that will support rapidly expanding electrification across fleets, consumer vehicles, ports, and beyond. Transformers are pivotal in the power distributi
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- TDK Ventures invests in Singapore-based startup Amperesand to empower global electrification through solid state transformersPR Newswire