Global Mobility Service,Inc. announced that it expects to receive ¥1 billion in funding from USS Co., Ltd.
May 25, 2022
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Global Mobility Service,Inc. announced a private placement of Class E preferred stock for gross proceeds of ¥1 billion on May 26, 2022. The transaction will include participation from new investor USS Co., Ltd. The funding was raised through third party allotment method. The planned date for entering into a contract is May 30, 2022 and payment date is May 31, 2022.
The transaction has been approved by the board of directors of USS Co., Ltd.
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.
USS CO., LTD. 
