eMotion Fleet Inc. (”eMotion Fleet”), an one-stop EV fleet solution provider, announced the successful completion of its Series A funding round, raising JPY 250 million through a third-party allocation of shares. The round attracted investments from Incubate Fund, Shikoku Electric Power CO.,Inc, Kyushu Open Innovation Fund II, and Shutoken Holdings Co.,Ltd.
Since its founding, eMotion Fleet has supported logistics and transportation businesses, municipalities, and port and airport authorities with comprehensive services for commercial fleet electrification – ranging from planning, deployment and operations. Our mission is to rive decarbonization and profitability through smart EV fleet solutions.”
This funding round brings together a diverse group of investors who will help accelerate the company’s next stage of growth:
Incubate Fund, a leading venture capital firm with investments in over 800 startups globally.
Shikoku Electric Power, a partner in joint demonstrations of EV fleet and energy management system, aiming to promote decarbonization through commercial fleet electrification.
Kyushu Open Innovation Fund, which brings strong regional networks rooted in Kyusyu area.
Shutoken Holdings, a logistics group committed to becoming a pioneer in decarbonizing small and mid-sized logistics companies in Japan.
eMotion Fleet will also strengthen its collaboration with existing investor Shizen Energy Inc., as both companies explore integrated solutions that combine renewable energy and sustainable mobility.
The proceeds from this round will be used to accelerate the development of eMotion Fleet’s EV Fleet & Energy Management System, expand its team, and invest in the launch of its EV asset management service - positioning the company for continued impact in decarbonization and cost reduction for fleet operators.
【Comments by Investors】
 | Masahiko Honma Incubate Fund With electrification, the management of transport vehicles is undergoing a major transformation encompassing energy supply, operational planning, and vehicle maintenance. eMotion Fleet is a truly unique team with extensive hands-on experience in large-scale EV fleet deployment and operations, offering optimized solutions through vehicle data to achieve both decarbonization and cost efficiency. As the EV shift accelerates, we are convinced that eMotion Fleet will become essential social infrastructure, and have decided to invest accordingly. |
 | Erito Takigawa Executive Director Shikoku Electric Power CO.,Inc We expect that the EV Fleet and Energy Management System developed |
 | Toshihiro Kishihara GxPartners LLP Kyushu is one of the leading regions in Japan in terms of decarbonization efforts. In this context, we believe eMotion Fleet’s expertise and technologies in Fleet Management and Energy Management are indispensable for driving further progress. As commercial EV adoption advances, we will support eMotion Fleet in playing a leading role not only in Kyushu but also in overseas markets, especially across Asia. |
 | Tomoaki Komagata Representative Director Shutoken Holdings Co.,Ltd. Our company operates 500 trucks nationwide and has provided efficient, environmentally conscious logistics services through consolidated and mixed-load deliveries. The shift to electric trucks is a significant challenge that will shape the future of logistics in pursuit of a decarbonized society. With firsthand understanding of the challenges in fleet electrification, we will work together with eMotion Fleet—through our investment—to resolve each barrier and build a next-generation shared delivery network and sustainable logistics infrastructure. |
 | Masaya Hasegawa Representative Director / Founder Shizen Energy Inc. As the transition to an EV society gains momentum, we are confident that eMotion Fleet’s diverse services will make a significant contribution to realizing our purpose of achieving a decarbonized society. With the addition of new investors in this round, we anticipate further growth and acceleration, and we will continue to strongly support eMotion Fleet’s journey forward. |
【Comments by eMotion Fleet】
 | Shuji Shiraki Founder ＆ CEO |
 | Dennis Ilic Founder & CTO In this round, we are honored to be joined not only by a VC which understands and supports our vision, but also by shareholders with deep expertise in electricity, logistics, and regional development. With this backbone, we are now in an even stronger position to focus on accelerating our product development. The addition of energy related specialty knowledge, a logistics operator providing us with an immediate feedback loop from the field and support from a regional fund enables us to bring better solutions more quickly to market. By combining technological innovation with real-world feedback, we aim to create solutions that are not only technically sound, but truly grounded in the needs of the businesses we serve. |
