MOL Switch

MOL Switch is a corporate venture capital firm established in 2023 as part of Mitsui O.S.K. Lines, located in Palo Alto, California. The firm focuses on investing in startups that are creating innovative decarbonizing technologies within the energy sector. Through its investments, MOL Switch aims to support the development of sustainable solutions that contribute to reducing carbon emissions and advancing environmental responsibility in energy production and consumption.

Tomoaki Ichida

CEO and Board Member

4 past transactions

Amogy

Venture Round in 2025
Amogy is a pioneering company focused on developing carbon-free energy solutions for hard-to-abate sectors such as maritime transport, power generation, and heavy industries. The company's core technology involves patented ammonia cracking, which efficiently splits liquid ammonia to produce electrical power in conjunction with hydrogen fuel cells, enabling zero-emission operations at competitive costs.

Heirloom

Series B in 2024
Heirloom is a company specializing in direct air capture technology aimed at enhancing the natural process of CO2 absorption from the atmosphere. Its innovative system accelerates limestone's ability to capture carbon dioxide, which is then stored permanently underground. The process operates using renewable energy, making it an environmentally friendly solution for carbon removal. Heirloom's technology is designed to capture and remove atmospheric CO2 at a gigaton scale, significantly reducing second-order impacts and minimizing extraction efforts. This approach allows clients to restore the atmosphere through natural processes, contributing to global efforts against climate change.

Calicat

Series A in 2024
Calicat is a clean-energy company developing a proprietary electrocatalyst discovery process for electrolyser. The company electrocatalyst discovery is an unprecedented, proprietary, end-to-end ultrahigh throughput AI and data-driven process focused on the discovery of new catalysts for the generation of clean hydrogen and fuel cell power production. The process prepares, characterizes, and quantifies the catalytic activity of millions of compositions per month and then closes the loop with big data analysis and AI to refine/guide the search.

Exterra Carbon Solutions

Exterra Carbon Solutions is a pioneering technology company focused on mitigating climate change by developing innovative solutions for durable CO2 storage. They specialize in transforming mineral waste into large-scale carbon sinks through accelerated natural weathering processes, enabling permanent and verifiable storage of captured CO2 emissions from industrial emitters or direct capture companies. Exterra's platform generates trusted carbon credits that align with international standards and accounting frameworks for various CO2 mineralization technologies.
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