Ubiden announced that it expects to receive funding from Fuso Holdings Co., Ltd., Panasonic Holdings Corporation, Tokyu Fudosan Holdings Corporation, SBI Investment Co., Ltd., Sumitomo Mitsui Auto Service Company, Limited, Fuji Electric Co., Ltd.
April 24, 2023
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Ubiden announced that it will raise a round of funding on April 25, 2023.
On the same date, the company has raised ¥350 million in its first tranche from new investors Fuso Holdings Co., Ltd.,Panasonic Holdings Corporation and Tokyu Fudosan Holdings Corporation, and TSVF1 Fund, PC-SBI Investment Limited Partnership, FUSO-SBI Innovation Fund, funds co-managed by SBI Investment Co., Ltd. The company has raised ¥1,268 million in funding till date. The transaction is expected to close in May 2023.
Fuji Electric Co specializes in manufacturing and marketing electric and electronic components. Net sales break down by family of products as follows:
- electric equipments and systems (38.7%): generators, meters, electricity transmission and control systems, etc. for individuals and thermal and hydraulic industries;
- electronic equipments and components (33.8%): magnetic contactors, magnetic contactors, uninterruptible power supply systems, power control systems, semiconductors, magnetic disks, energy distribution systems, etc.;
- vending machines (12.4%): hot and cold beverages, snacks, money distributors, etc.;
- industrial electric equipments (11.7%): primarily installation control systems, measurement instruments, power supply systems and captors;
- other (3.4%).
Ubiden announced that it expects to receive funding from Fuso Holdings Co., Ltd., Panasonic Holdings Corporation, Tokyu Fudosan Holdings Corporation, SBI Investment Co., Ltd., Sumitomo Mitsui Auto Service Company, Limited, Fuji Electric Co., Ltd.
FUJI ELECTRIC CO., LTD 
