KG Motors Co., Ltd. announced that it will receive ¥380 million in an J-KISS type stock acquisition rights round of funding on March 22, 2024.The transaction include the participation from new investors Hiroshima Venture Capital Co., Ltd., Shinsho Corporation, Iyogin Capital Co. Ltd. and NCB Venture Capital Co., Ltd. and returning investors Energy & Environment Investment, Inc., Chugin Capital Partners and Keylex Corp. The transaction is expected to close on April 1, 2024.