PowerX , Inc.

Our Mission

Instead of oil, the energy ship of the future
will carry electricity from clean and renewable sources.
A new breed of battery ships will replace the fuel-carrying carbon ships
and accelerate the adoption of clean energy.
We will invent, design, and build this new breed of energy vessel.
We are PowerX.

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Company Overview

Company Name
PowerX, Inc.
Established
March 22, 2021
Representative
Masahiro Ito (Director, President & CEO)
Location
HeadquarterMidtown Tower 43F, 9-7-1 Akasaka, Minato-ku, Tokyo 107-6243
Battery Assembly PlantTamano City, Okayama
Main Business
R&D and production of Power Transfer Vessels and ESS
Capital
4.81 billion JPY (Capital reserve included)

Major Stockholders

  • Spiral Capital K.K.
  • NIPPON GAS CO., LTD.
  • Imabari Shipbuilding
  • NYK Line
  • Mitsui & Co.
  • MUFG Bank
  • BEMAC Corporation
  • Japan Airlines & TransLink Innovation Fund, L.P. (JAL Innovation Fund)
  • Tokyo Century Corporation
  • Mizuho Capital Co.
  • Future Creation Capital Co., Ltd (Mizuho Leasing CVC)
  • K4 Ventures GK (Kansai Electric Power Group)

Corporate Governance

  • Director, President & CEO
    Masahiro Ito
    Masahiro Ito
    Masa launched his first company Yappa at just 17 years old. In 2014, Masa joined ZOZO Group through M&A and served as the CEO of ZOZO Technologies. Later, Masa was appointed as the Board member and COO of ZOZO, which is now well-known for his many innovative inventions, including 3D body measuring devices such as ZOZOSUIT and ZOZOMAT.
  • Chairman of the Board
    Hardy T S Kagimoto, M. D.
    Hardy T S Kagimoto, M. D.
    Hardy is the Founder, Chairman and CEO of Healios, a biotech company leading the development of stem cell derived regenerative therapies. Prior to that, he founded and ran as President and CEO of Aqumen Biopharmaceuticals. Graduated from Kyushu University School of Medicine, Hardy holds patents in the US, Europe, Japan and China.
  • Executive Officer CFO
    Toshiyuki Fujita
    Toshiyuki Fujita
    Toshi led RareJob as its Director and CFO in 2012 and was appointed as the Executive VP in 2015. Prior to that, Toshi worked for KPMG, where he engaged in M&A and corporate reinvigoration. He also has experience taking an IT start-up public on TSE Mothers as its Director and CFO after working for Deloitte Touche Tohmatsu.
  • External CTO
    Masato Taruishi
    Masato Taruishi
    After working as an APAC solution architect, embedded and server engineer at Red Hat, Masato joined Google and led the development and operation of system infrastructure, the navigation function of Google Maps, and mobile search. Later, he oversaw the platform development at Rakuten before joining Retty asa CTO in 2014.
  • External Director
    Paolo Cerruti
    Paolo Cerruti
    Paolo is Co-Founder and COO of Northvolt, a homegrown European battery company that is building a Gigafactory in Sweden and has to date raised more than 6.5 Bn USD. Previously, Paolo was the VP of Purchasing and Industrial Strategy for Tesla, and was instrumental in the early scale-up of the company and its operations.
  • External Director
    Caesar Sengupta
    Caesar Sengupta
    Caesar was formerly the VP and GM of Payments at Google, leading the Next Billion Users initiative across the company. He also oversaw Chrome OS, Google Pay and managed all payment systems. After 15 years at Google, Caesar has launched his new fintech startup Arbo Works.
  • External Director
    Mark Tercek
    Mark Tercek
    Mark led the environmental NGO the Nature Conservancy as its CEO for 11 years until 2019. Previously, he was MD and Partner at Goldman Sachs for 24 years. Mark now advises companies, investors, and NGOs on environmental strategies. He was recently appointed as Senior Advisor at Centerview Partners.
  • External Director
    Mitsugu Serizawa
    Mitsugu Serizawa
    Mitsugu first joined Mitsui Bank (now Sumitomo Mitsui Banking Corp.) in 1980 and was appointed as COO of SMBC Europe Ltd. in 2005. Later, he led Manufacturers Bank (US) as Chairman and CEO. From 2015, he oversaw SMBC International Business as President and from 2018 to 2020 SMBC Operation Service as Deputy President.
  • External Director
    Tatsuya Sakuma
    Tatsuya Sakuma
    Tatsuya was the Public Prosecutor of Tokyo, Naha and Niigata District Public Prosecutors Offices before being appointed to multiple government offices including the Ministry of Justice, Tokyo District Public Prosecutors Office and more. He is now a lawyer and the Outside Director of companies such as AEON Financial Group.

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