The 77 Bank and 77 Capital announced an investment in クリーンプラネット, a Tohoku University startup. The investment amount was not disclosed, and is expected to take the form of a subscription for new shares.
The 77 Bank and its group company 77 Capital announced that they will invest in クリーンプラネット, a hydrogen-energy development startup originating from Tohoku University, through the jointly funded 77 Capital Fund No. 3. The investment is expected to involve a subscription for new shares and a partial change in the company's capital structure.
The specific investment amount has not been disclosed. The transaction is described as involving the 77 Capital Fund No. 3 subscribing for shares newly issued by クリーンプラネット. This is expected to strengthen the investee's capital base.
クリーンプラネット develops hydrogen-energy technology. One of its technologies is described as being capable of providing an ordinary household's energy needs for one month with approximately 10 grams of hydrogen.