Kyoto, Japan – EV manufacturer folofly Co., Ltd. (CEO: Hiroyasu Koma; Headquarters: Kyoto City, Kyoto Prefecture), which is leading the development and promotion of Japan’s first 1-ton class EV truck tailored for last-mile delivery, is pleased to announce that it has raised funds through a third-party allotment of shares. This funding was provided by the “Chushin Venture Investment Fund No. 7 Limited Partnership,” established with Kyoto Chuo Shinkin Bank (Chairman: Makoto Shirahase) as a limited partner and Chushin Venture Capital Co., Ltd. (President: Takateru Imazu) as a general partner.
This funding will enable folofly to further advance its mission to support companies adopting EVs and promote the widespread use of sustainable logistics solutions.
■About folofly’s F1 Series – Meeting Decarbonization Demands in the Commercial Automotive Sector
With a horizontal specialization model focusing on domestic product development and external manufacturing, Folofly has developed Japan’s first 1-ton payload EV trucks, the F1V and F1T, at twice the speed of conventional methods. The F1VAN received its commercial license in September 2022 and has since been adopted across Japan, from Hokkaido to Okinawa.
In 2023, folofly launched new models with enhanced safety and convenience features. In July, the vehicles were designated as eligible for subsidies under a government program promoting commercial EV adoption.
■Company Overview:
Name: folofly Co., Ltd.
Established: August 3, 2021
CEO: Hiroyasu Koma
Capital:¥1,309,780,000 (including capital reserves and capital surplus)
Headquarters: 93 KRP Building 4, Chudoji Awata-cho, Shimogyo-ku, Kyoto
Business: EV development and sales, environmentally friendly infrastructure services