Subsidy of up to ¥884,000 Available for Vehicle Purchases
Fabless EV manufacturer folofly Co., Ltd. (CEO: Hiroyasu Koma, Headquarters: Kyoto City, Kyoto Prefecture) announced that its EV F1 VAN, Japan’s first 1-ton class last-mile commercial EV, has been recognized as eligible for subsidies under the Advanced Trucks and Buses Introduction Acceleration Program, managed by the Japan Automobile Transport Technology Association (JATA), as of July 2022.
This program, implemented through a subsidy decision from the Ministry of the Environment for carbon dioxide emission reduction projects (effective April 1, 2022), provides up to ¥884,000 for projects adopting the environmentally friendly advanced truck, the EV F1 VAN. folofly is committed to reducing carbon dioxide emissions and running costs in the logistics industry through ongoing service development.
Features of the EV F1 VAN
Load Capacity: Up to 950 kg, operable with a standard driver’s license
Cost: Competitive pricing comparable to gasoline-powered vehicles despite being an EV
Range: 300 km per charge, suitable for last-mile logistics
Warranty: Includes a 5-year or 120,000 km battery warranty
Development Background of the folofly EV F1 Series – Meeting the Logistics Industry’s Decarbonization Needs
The logistics industry has seen increased demand due to a surge in e-commerce during the COVID-19 pandemic. folofly employs a “horizontal division of labor” model, focusing on domestic planning and design while outsourcing production overseas, enabling the rapid development and launch of Japan’s first 1-ton class EV trucks, the EV F1 VAN and EV F1 TRUCK, in half the usual time.
While inquiries about the EV F1 series continue to grow, the logistics industry faces diverse decarbonization demands depending on business type, transportation method, and cargo. folofly remains dedicated to developing vehicles and services that cater to customer needs and contribute to a sustainable society.
folofly Milestones
August 2021: folofly Co., Ltd. established at the Kyoto University International Science Innovation Building
October 2021: Obtained registration for Japan’s first 1-ton class home delivery EV vehicle via fabless production
October 2021: Began sales of the EV F1 VAN
October 2021: SBS Holdings announced plans to adopt 10,000 units of folofly vehicles
November 2021: Jointly developed battery-swapping equipment with JEE
June 2022: Announced the second self-developed vehicle, the flatbed EV F1 TRUCK
July 2022: EV F1 VAN recognized under the Advanced Trucks and Buses Introduction Acceleration Program subsidy
Company Overview
Name: folofly Co., Ltd.
Established: August 3, 2021
Representative: Hiroyasu Koma, CEO
Capital: ¥124,000,000 (including capital reserve)
Headquarters: 36-1 Yoshida Honmachi, Sakyo-ku, Kyoto City, Kyoto Prefecture (Kyoto University International Science Innovation Building)
Business: Development and sales of electric vehicles