Panasonic Life Solutions India and Panasonic Corporation have partnered with investor 100X.VC to launch the startup accelerator programme Panasonic Ignition. The programme aims to support early to mid-stage startups that are creating energy management solutions for commercial and residential areas, according to a statement.
Through this programme, Panasonic and 100X.VC will provide investment, masterclasses, mentorship, and growth plans to help young entrepreneurs build innovative technologies and products. The goal is to solve real-life challenges related to energy management in buildings.
In 2022, Panasonic launched the Panasonic Kurashi Visionary Fund (PKVF) with a USD 55 million (Rs 450 crore) corpus to invest in early to mid-stage startups in Japan, Europe and India.
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