folofly’s Commercial EVs Begin Full-Scale Deployment with SBS Holdings

Accelerating Decarbonization in Last-Mile Delivery with Optimized Charging Management Systems for Multiple EV Operations

olofly Inc. (Representative Director: Hiroyasu Koma; Headquarters: Kyoto, Japan), an EV manufacturer specializing in Japan’s first 1-ton class EV trucks designed for last-mile delivery, is pleased to announce the commencement of full-scale deliveries of the F1VAN to SBS Holdings (Headquarters: Shinjuku-ku, Tokyo; President: Masahiko Kamata), a company that previously announced plans to introduce 10,000 of folofly’s EV trucks to promote decarbonization in the logistics industry. In collaboration with EVolity Inc. (Headquarters: Chuo-ku, Tokyo; President: Masaharu Amaike), a joint venture between Panasonic Holdings and Marubeni Corporation, folofly will optimize the operation of multiple EVs by utilizing EVolity’s charging management system, thereby initiating commercial operations with multiple EV deployments.

Introducing EVs requires not only vehicle procurement but also the installation of charging equipment, adjustments to electricity contracts, and accurate forecasting of overall costs, including electricity expenses replacing fuel costs. As the scale of EV deployment expands to dozens of units, specialized fleet management expertise becomes essential to determine the optimal number and placement of charging stations, as well as to calculate the best charging times and amounts. EVolity addresses these challenges by combining Marubeni’s experience and sales foundation in the mobility and EV sectors with Panasonic Group’s knowledge and technology related to batteries, offering fleet management services tailored to commercial EVs.

While folofly’s EVs boast a sufficient range of 300 km for last-mile deliveries, integrating EVolity’s fleet management services enables the formulation of optimal dispatching, charging, and operational plans that maximize efficiency and minimize costs when operating multiple EVs.

As an environmental infrastructure technology company, folofly will continue to enhance support during the introduction phase and after-sales services through partnerships with major corporations, providing comprehensive solutions for the practical operation of commercial EVs nationwide.

Company History

  • August 2021: folofly Co., Ltd. established at Kyoto University International Science Innovation Building
  • October 2021: License obtained for Japan’s first domestically fabless-produced 1-ton class EV truck
  • October 2021: Sales of EV F1 VAN commence
  • October 2021: SBS Holdings announces plans to adopt 10,000 folofly vehicles
  • November 2021: Battery exchange system jointly developed with JEE
  • June 2022: Announcement of the flatbed EV F1 TRUCK
  • July 2022: EV F1 VAN certified for Green Advanced Truck and Bus Introduction Subsidy Program
  • September 2022: EV F1 VAN becomes the first 1-ton cargo EV in Japan to obtain a green license plate and begins operations
  • September 2022: EV F1 VAN certified for subsidy programs
  • January 2023: Completion of Series A funding
  • June 2023: Launched new F1 series models, including F1VS, F1VS4, and F1TS, equipped with standard features such as electronic stability control, parking lock systems, and CHAdeMO compatibility
  • June 2023: Entered a business partnership with the nationwide organization of repair shops supported by Mitsui Sumitomo Insurance, “Advance Club,” for vehicle maintenance
  • July 2023: Commenced the company’s first Pre-Delivery Inspection (PDI) in Kobe City
  • July 2023: folofly F1 Series certified as eligible for subsidies under the Commercial Vehicle Electrification Promotion Project
  • July 2023: Established an official partnership with Intersupport to ensure safe and reliable vehicle maintenance quality
  • October 2023: Unveiled the F1VS 4-seater at JAPAN MOBILITY SHOW 2023

Company Overview

  • Company Name: folofly Co., Ltd.
  • Established: August 3, 2021
  • Representative: Hiroyasu Koma, President
  • Capital: ¥1,108,991,000 (including capital reserves)
  • Headquarters: Kyoto University International Science Innovation Building, 36-1 Yoshida Honmachi, Sakyo Ward, Kyoto City
  • Business: Development and sales of electric vehicles and provision of eco-friendly infrastructure services
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