Dogan, a Fukuoka-based investment firm, has invested ¥100 million in Hiroshima’s KG Motors as part of its new MGX decarbonization fund focused on mobility in Kyushu. The fund’s first project supports KG Motors’ development of “mibot,” a one-seater electric vehicle slated for mass production starting October. The investment will fund trial manufacturing, parts procurement, and production equipment. Over 2,300 units have been pre-ordered since sales reservations began in August 2024. The vehicle targets both individual users and businesses requiring short-distance transport solutions. The MGX Fund, established in July 2024, totals over ¥1 billion and aims to support decarbonization in the mobility sector. Source: Dogan
Photo from KG motors official website
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