NEoT Capital was created to fill a specific need: that of large scale funding to support the global development of distributed renewable energies and electric mobility that has been made possible by the rapid evolution in energy storage technologies, and batteries in particular.
Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, living essentials, and environmental business.
Mitsubishi Corporation has decided to become a strategic investor in NEoT Capital and to take a significant minority share alongside EDF and Forsee Power. Mitsubishi Corporation is expected to bring its financial support, industrial expertise and international footprints to support the development of NEoT Capital, and in particular its international expansion of NEoT Capital.
“We are very glad to welcome Mitsubishi Corporation as strategic investor of NEoT Capital. This investment will support our ambition to become a leading international investor in the fields of electric mobility and distributed renewable energies services. Mitsubishi Corporation has a solid industrial expertise and a wide network and credibility worldwide on which we plan to build on”, explains Pierre Devillard, CEO of NEoT Capital “”
“We are glad to expand our collaboration with EDF and Forsee Power through this investment in NEoT Capital. We plan to create synergies with our business worldwide and support NEoT Capital’s development with our global network to a variety of industries.”, said Yutaka Kashiwagi, Environmental Business Division COO of Mitsubishi Corporation.