# AZUL Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/azul-energy

- Industry: Energy Storage & Batteries
- Headquarters: Sendai, Japan
- Website: www.azul-energy.co.jp
- Total disclosed funding: $3.7M
- Latest round: Series A (Jul 30, 2026)
- Investors on record: 10

## About

Founded in 2019 and based in Miyagi, Japan, AZUL Energy Inc., d.b.a AZUL Energy, a company specializing in cleantech that focuses on the development and commercialization of catalyst technologies free from rare metals, alongside next-generation energy devices, which include air batteries, fuel cells, and hydrogen-related systems. In July 2026, AZUL Energy raised an undisclosed amount in series A-ex (extension) funding from NIPPO LTD, Pegasus Tech Ventures, Fidea Capital and Spiral Capital.

The company provides a wide range of clean energy products, such as air batteries, advanced fuel cell catalysts, and battery-related technologies.

The company plans to use the July 2026 funding for R&D and commercialization of air-battery technologies, including AZUL-GDE development, performance improvement, demonstration testing, and mass-production preparation.

## Funding rounds

- Series A, Jul 30, 2026 — Fidea Capital, Pegasus Tech Ventures, Spiral Capital, NIPPO LTD
- Series A, Jan 30, 2024, $0.9M — Mitsubishi UFJ Capital, Governance Partners
- Series A, Oct 25, 2023, $2.2M — TOHOKU University Venture Partners, Spiral Capital, Spurcle, JMTC Capital
- Seed, Mar 30, 2020, $0.6M — MIRAIDOOR, Spurcle

## Investors

- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Seed
- Spurcle (https://capitalatlas.ai/funds/spurcle) — Seed, Series A
- TOHOKU University Venture Partners (https://capitalatlas.ai/funds/tohoku-university-venture-partners) — Series A
- Spiral Capital (https://capitalatlas.ai/funds/spiral-capital) — Series A
- JMTC Capital (https://capitalatlas.ai/funds/jmtc-capital) — Series A
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A
- Governance Partners — Series A
- Fidea Capital (https://capitalatlas.ai/funds/fidea-capital) — Series A
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series A
- NIPPO LTD — Series A