2024
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10
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03
JIC Venture Growth Investments has acquired shares in SUN METALON Inc. (SUN METALON) through its JIC Venture Growth Fund 2.
SUN METALON is a deep-tech startup focused on promoting the decarbonization of the metals industry. With CO2 emissions from the metals industry accounting for approximately 10% of global emissions, reducing this footprint has become an urgent task. Additionally, from the perspectives of reducing environmental impact and ensuring economic security, there is a growing push to maximize the value of resources and products while minimizing waste. SUN METALON has developed a proprietary metal heating technology characterized by low cost, low CO2 emissions, and space efficiency, which significantly reduces CO2 emissions in the production and recycling of metals, contributing to the realization of a more efficient circular supply chain.
By utilizing SUN METALON’s unique metal heating technology in various manufacturing industries, the recycling process for metals can breathe new life into scrap metals generated during the metalworking process, turning them into reusable metal resources and supporting the transition to a circular economy.
With this funding, SUN METALON will accelerate product development, strengthen its workforce, and enhance its manufacturing capabilities, positioning it to grow into a global deep-tech startup originating from Japan.
The information contained in this notice is current at the time of publication andsubject to change without notice.
