Equity financing · Mobility
KG Motors raises ¥470 million for mibot production
The Japanese manufacturer has started initial production of mibot, a compact single-seat electric vehicle for everyday travel.
A compact EV moving into early deployment
KG Motors' mibot is a one-person electric vehicle with doors and air conditioning, designed for short everyday trips. The company has begun initial production and is testing early deployments with businesses and municipalities. It is adding over-the-air updates and remote diagnostics as software features that can improve the vehicle after delivery.
Use of funds
Expand production capacity through tooling investment
Improve launch production quality and productivity
Develop market through pilots and early deployment
Continue OTA and remote-diagnostics software
Funding history
Equity financing · This round¥470M