# Albatross Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/albatross-technology

- Industry: Renewable Energy
- Headquarters: Tokyo, Japan
- Website: www.albatross-technology.com
- Total disclosed funding: $3.6M
- Latest round: Series A (Dec 6, 2023)
- Investors on record: 8

## About

Founded in 2012 and based in Tokyo, Japan, Albatross Technology Inc., a startup dedicated to research and development that specializes in the design and creation of ocean renewable energy technologies. These include floating offshore wind turbines, tidal and ocean current turbines, as well as wave energy converters. The company focuses on the commercialization of marine renewable energy and aims to develop affordable, locally sourced energy solutions for Japan. As of September 2026, the company is under the leadership of Representative Director and CEO Akimoto Hiromichi. In September 2026, Albatross Technology Inc. raised JPY 250 million in pre-series B funding from Sumitomo Heavy Industries, Ltd., Hokuhoku Capital, Development Bank of Japan, SHOWA KIKAI SHOJI CO., LTD., MITSUBISHI GAS CHEMICAL COMPANY, INC. and Albacross.

The company develops offshore floating axis wind turbines (FAWT), marine current turbines, rotary wave converters, and other technologies related to the use of renewable ocean energy. FAWT reduces the cost of offshore wind energy, even considering the potential for large tropical cyclones and tsunamis. The company's turbines have a low structural weight and a combination of low technology and simplicity to reduce both capital expenditures (CAPEX) and operating expenses (OPEX).

The company plans to use the September 2026 funding to develop and prepare a large-scale offshore floating wind turbine demonstration unit based on the company's ongoing small-scale offshore testing project in Nagasaki Prefecture.

## Funding rounds

- Series A, Dec 6, 2023, $2.9M — Development Bank of Japan, Mitsui Sumitomo Insurance Venture Capital, Mitsubishi UFJ Capital, MITSUBISHI GAS CHEMICAL COMPANY, INC., TVC&I Inc., Albacross Co. Ltd., SHOWA KIKAI SHOJI CO., LTD.
- Series A, Sep 14, 2022, $0.7M — Genesia Ventures

## Investors

- Genesia Ventures (https://capitalatlas.ai/funds/genesia-ventures) — Series A
- Development Bank of Japan (https://capitalatlas.ai/funds/development-bank-of-japan) — Series A
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series A
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A
- MITSUBISHI GAS CHEMICAL COMPANY, INC. — Series A
- TVC&I Inc. — Series A
- Albacross Co. Ltd. — Series A
- SHOWA KIKAI SHOJI CO., LTD. — Series A