On March 27, 2023, EV Motors Japan Co.,Ltd. closed the transaction. The company received ¥1,005 million in third and final tranche. The transaction included participation from new investors Incubate Fund, Cygames Capital, NTT Docomo Ventures, Inc.,and other investors Shikoku Electric Power Company, Incorporated, JA Mitsui Leasing Kyushu, Ltd., Interwoos Co., Ltd and Plus Ad Group Co., Ltd. The company has raised ¥ 4.725 billion funding till date.