MOL Switch is the corporate venture capital arm of Mitsui O.S.K. Lines (MOL), one of the world's largest shipping companies. Established in 2023 and based in Palo Alto, it invests in startups developing decarbonization technologies and business models across clean energy, carbon removal, and energy storage.
57% of their portfolio is in Climate & Energy. Deal activity increased 200% year-over-year (3 deals in the last 12 months). Their most common stage is seed (43% of deals). Average disclosed round size is $34.1M (across 5 rounds with reported amounts).
Portfolio
7
Fund Size
$100M
Top Stage
Seed
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
7 investments
Top Co-Investors
Japan Airlines2 shared
Lowercarbon Capital2 shared
Future Positive Capital2 shared
Siemens Financial Services2 shared
Carbon Direct Capital2 shared
Breakthrough Energy Ventures2 shared
MCJ2 shared
Mitsubishi Corporation2 shared
Ahren Innovation Capital2 shared
SGInnovate2 shared
Twynam2 shared
Clocktower Technology Ventures2 shared
Mitsui & Co., Ltd.1 shared
H&M Group Ventures1 shared
Urban Innovation Fund1 shared
Alumni Ventures1 shared
Collaborative Fund1 shared
Shell Ventures1 shared
ALIAD1 shared
Starlight Ventures1 shared
Last updated: 7 October 2026