TriOrb Inc., which aims to reconstruct manufacturing through 360° spherical mobility, has raised 500 million yen through debt financing from Mizuho Bank, Ltd. In addition, the company received 160 million yen in a third-party allotment of new shares underwritten by University of Tokyo Edge Capital Partners (UTEC), bringing the total amount raised to 660 million yen. The total amount raised to date is 1.35 billion yen. Using the raised funds, the company will accelerate the social implementation of its omnidirectional mobility technology “TriOrb BASE” and promote the automation of the manufacturing industry.
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TriOrb is developing an autonomous driving and autonomous cooperative transport system with multiple units based on its proprietary ball-driven omnidirectional mobile mechanism “TriOrb BASE,” and aims to realize a production line that addresses manufacturing challenges such as variable production and labor shortages at manufacturing sites. Currently, the system is being introduced at several manufacturing companies, providing solutions for the realization of flexible and scalable production lines. Mizuho Bank evaluated our technology and future growth potential, leading to this debt financing procurement despite being an early-stage manufacturing startup. In addition, we have conducted a third-party allotment of new shares to existing shareholder UTEC. With this round of procurement, we will further expand our business.
SOURCE: PRTimes
