TDK Ventures leads next round of financing in advanced vehicle technology developer Faction

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Summary

"Along with financial backing, TDK Ventures views its investments in technologies as a medium for leveraging many of the other advances upon which the company focuses and as an opportunity to contribute to the greater good of humanity. Concentrating on electrifying delivery and other fleets rather than passenger vehicles leverages decarbonization efforts and alleviates many of the demand-driven, charging-capacity challenges other sectors of the industry may face.To learn more about TDK Ventures, interested startups or investment partners should visit or reach out at .TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately "Attracting Tomorrow." TDKs comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. For more information about Trucks Venture Capital, please visit www.trucks.vc.Fifty Years is a San Francisco based seed fund that backs entrepreneurs solving the worlds biggest problems with technology.

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