Japan’s Dai-ichi Life makes $9 million clean tech fund commitment



ImpactAlpha, March 28 – The Japanese life insurance company is backing clean tech investor Energy & Environment Investment (EEI), which is raising its fourth fund to invest in tech startups in renewable energy, electric vehicles and energy storage. Japan-based EEI said its fund would “contribute to the reduction of CO2 emissions” and to the Sustainable Development Goals, “while aiming to maximize our investment returns,” DealStreetAsia reports.

Dai-ichi Life’s investment represents an expansion of Dai-ichi Life’s impact investing strategy, which it launched in 2017. The ¥36.3 trillion ($319.9 billion) life insurance firm has previously focused on direct investing, namely in health and medtech companies like Molecure, and financial services startups.

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