SERVICES
Sourcing
SEGMENT
Corporate
TECH TOPICS
Battery Recycling
Managed Charging
Fleet Electrification
Client Need
Mitsubishi Corporation and ENEOS participates in M-Lab, a Silicon Valley-based innovation consortium of over a dozen Japanese multinationals focused on catalyzing next-generation solutions in mobility, climate, materials, and healthcare. The companies with M-lab participants consortium, which also include ENEOS, Yazaki and others, needed a partner to source startups addressing critical challenges for fleet electrification.
Services Delivered
Powerhouse Innovation supported M-Lab’s EV innovation goals through a focused Sourcing engagement designed to identify startups with strong potential to solve business-relevant electrification challenges. Our work included:
Identifying and evaluating early-stage startups using Powerhouse’s network and data
Shortlisting startups with strong technical fit and commercial relevance in areas such as managed charging, fleet operations, and EV battery reuse
Facilitating introductions between selected startups and M-Lab members, including Mitsubishi and ENEOS, to explore pilot and partnership opportunities
This effort aligned with the companies' interest in unlocking scalable, commercially viable EV solutions that support both environmental and operational goals.
Outcome Achieved
Powerhouse Innovation’s sourcing support enabled Mitsubishi and other M-Lab members to engage directly with startups developing next-generation fleet electrification technologies. These introductions laid the groundwork for potential pilots, partnerships, and broader strategic initiatives within the companies' mobility and energy business units.