UTokyo IPC has made an additional investment of 75 million yen in Robotrack to enhance the development of autonomous driving solutions for the logistics industry amidst Japan's growing workforce challenges.
Target Company Information
Tokyo University Co-Creation Platform Development, Inc. (Headquarters: Bunkyo-ku, Tokyo; CEO: Kosuke Ueda; hereafter referred to as "UTokyo IPC") has made an additional investment of 75 million yen by exercising stock options issued by Robotrack, Inc. (Headquarters: Chuo-ku, Tokyo; CEO: Yusuke Haga), a startup developing autonomous driving solutions for trucks. This investment is conducted through UTokyo IPC's Open Innovation Promotion No. 1 Investment Limited Partnership (hereafter referred to as "AOI Fund No. 1").
This investment is part of a joint investment with several firms, including Globis Capital Partners, Orix Corporation, Archetype Ventures, Mizuho Leaguer Investment, ON&BOARD, Ikuyo Corporation, Hitoshi Tominaka (CEO of Telexistence Inc.), the PKSHA Algorithm No. 2 Fund, and AIS Capital Corporation.
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Industry Overview in Japan
The trucking industry in Japan faces significant challenges, notably the "2024 problem," which arises from an anticipated shortage of drivers due to de
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Disclosed details
Transaction Size: $57M