News Details

MOL PLUS to invest in Singapore-based fund specialising in ocean shipping / logistics

Aiming at decarbonisation & digital transformation through collaboration with start-ups


MOL PLUS, a corporate venture capital (CVC) fund firm wholly owned by Mitsui O.S.K. Lines (MOL), has announced its intent to invest in Singapore-based Motion Ventures Fund, operated by Rainmaking. 


Motion Ventures focuses on ocean shipping/logistics related domains, and invests in start-up companies with innovative technologies that can contribute to decarbonisation and digital transformation in ocean shipping/logistics.


MOL PLUS plans to use its investment in Motion Ventures to create synergy between start-up companies’ innovative ideas and technologies and the MOL Group’s extensive resources, in turn creating new businesses that add new value to the ocean shipping business and to society, said a release.

 

Source: Exim News Service: TOKYO, Oct. 13