VC Fund Investments
Panasonic to invest in Enlite, Clairco via Corporate VC arm
Japan-headquartered Panasonic, via its corporate VC arm Panasonic Kurashi Visionary Fund (PKVF), is to invest in two India-based startups: Enlite and Clairco - which had emerged from the first cohort of the Panasonic Ignition program.Mumbai-based Enlite focuses on AI-enabled wireless building management systems.Bangalore-based Clairco develops Internet of Things (IoT)-based smart air purification devices and space optimization solutions.PKVF’s mandate is to invest in early to mid-stage startups spanning Japan, Europe, and India. The primary focus areas of the fund include well-being, decarbonization, energy, food infrastructure, spatial infrastructure, and emerging lifestyle domains. The Ignition program, in partnership with 100x.VC, was introduced last year to develop solutions for real-life challenges focused around Energy Management Systems for Commercial Spaces.
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