TOKYO—MOL PLUS(Representative: Takuya Sakamoto; Headquarters: Minato-ku, Tokyo), a corporate venture capital (CVC) fund firm wholly owned by Mitsui O.S.K. Lines, Ltd. (MOL), today announced its intent to invest in the Motion Ventures Fund (Note 1) (Motion Ventures; General Partner: Michael pomerleau /Nicklas Viby Fursund/Shaun Hon; Headquarters: Singapore), operated by Rainmaking (Note 2) .
Motion Ventures focuses on oceanshipping/logistics related domains, and invests in startup companies with innovative technologies that can contribute to decarbonization and digital transformation in ocean shipping/logistics.
MOL PLUS plans to use its investment in Motion Ventures to create synergy between startup companies’ innovative ideas and technologies and the MOL Group’s extensive resources, in turn creating new businesses that plus new value to the ocean shipping business and to society.
(Note 1) Outline of Motion Ventures Fund
(Note 2) Outline of Rainmaking
A global company, established in 2007 in the U.K, that develops accelerator programs and venture capital businesses for startup companies in 13 offices around the world. It has made venture investments totaling more than ¥550 billion. Website: https://rainmaking.io/
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