Elephantech Inc. announced that it has received ¥2,150 million in a round of funding on October 17, 2022. The transaction included participation from ANRI No. 5 Fund, a fund managed by ANRI, Shin-Etsu Chemical Co., Ltd., Nose Co., Ltd., Nose Investment LLC, , a fund mangaed by Shizuoka Capital Company Limited, Eiwa Corporation, Nanobank Co., Ltd., Kenbishi Sake Brewing Co., Ltd., Mitsubishi Gas Chemical Company, Inc., D&I Investment Co., Ltd., Nantes CVC No.

2 Investment Limited Partnership, Nantes CVC No. 3 Investment Limited Partnership, Gunma Regional Advanced Solution Fund,, a fund managed by Gunma Regional Advanced Solution Partners, SuMi TRUST Innovation Fund, a fund managed by SBI Investment Co., Ltd. The company has issued third party allotment of shares.