Enecoat Technologies Co., Ltd. announced that it has received ¥1,590 million in an equity round of funding led by Mirai Creation Fund III, a fund managed by SPARX Group Co., Ltd. on March 28, 2022. The transaction included participation from NGK Insulators, Ltd. and returning investor, MMC Innovation Fund, a fund managed by JMTC Capital G.K., F.C.C. Co., Ltd. and other investors. The registered capital of the company is ¥90 million.

The company has raised ¥2,000 million in funding till date.