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Nichietsu Inc Raises ¥300M to Advance Factory Robotics

Nichietsu Inc., a robotics startup developing heavy-duty transport equipment such as automatic die change devices, is pleased to announce that it has raised a total of 300 million yen through a third-party allotment of new shares, with underwriters being Abies Ventures Fund II Investment Limited Partnership managed by Abies Ventures Inc., NextG Investment Limited Partnership managed by KSP Inc., and Mizuho Growth Support No. 5 Investment Limited Partnership managed by Mizuho Capital Co., Ltd. Nichietsu will use the funds raised this time to accelerate the development of AMR mold change equipment for the complete automation of plastic molding factories. Mold change in molding factories requires careful and precise work, which has led to reduced productivity. As factory automation advances, mold transportation and change are one of the areas where automation…

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