tb innovations Ltd. (Chuo-ku, Tokyo, CEO: Hyunmin GO, hereinafter referred to as "tb innovations") will invest in ASF shares through its managed and operated fund "Next New Business New Technology No. 1 Investment Limited Partnership." We have invested in a company (Chiyoda-ku, Tokyo, CEO: Hiroyasu Iizuka, hereinafter referred to as "ASF").
ASF was established as a fabless EV manufacturer with the aim of building systems for a new energy society centered on mobility.We have built a unique manufacturing supply chain based on horizontal division of labor and a system to produce vehicles that meet the uses and needs of users, and plan, develop, manufacture, and sell EVs that are cost-effective and user-friendly. The company aims to realize a carbon-neutral society based on mobility by providing EVs with renewable energy and packages.
tb innovations promotes open innovation between ASF and Tokyo Boeki Group, accelerates efforts to achieve carbon neutrality through electric vehicles (BEVs), and improves customer satisfaction with electrified PBVs (Purpose-built Vehicles). We will continue to work to open up the Japanese PBV market by improving our performance.Going forward, we will use this investment as a starting point to consider building a new social energy system.
■About ASF
Company name: ASF Inc.
Location: 22th floor, IM Uchikanda Building, 3-11-XNUMX Uchikanda, Chiyoda-ku, Tokyo
Business content: Planning, development, manufacturing and sales of electric vehicles.Battery leasing and energy solutions business
corporate site:https://www.asf-ev.com/
■About Tokyo Boeki Group
Constituent companies: Tokyo Boeki Holdings Co., Ltd. and 14 other companies in Japan and overseas
Location: 2th floor, Kyobashi Edgran, 2-1-27 Kyobashi, Chuo-ku, Tokyo, etc.
Business details: We are an independent "business creation type corporate group" consisting of 15 unique domestic and overseas companies, and are involved in the energy machinery industry, medical/lifestyle/science industry, technology/automotive/information industry, materials/resources/ Developing business in a wide range of fields such as the steel industry
corporate site:http://www.tokyo-boeki.co.jp/
■About the fund
Partnership name: Next New Business New Technology No. 1 Investment Limited Partnership
Location: 2th floor, Kyobashi Edgran, 2-1-28 Kyobashi, Chuo-ku, Tokyo
Unlimited partnership member: tb innovations Ltd.
Limited liability partner: Tokyo Boeki Holdings Co., Ltd.
Total fund amount: 40 billion yen