Emade secures pre-Series A bridge financing
Emade received pre-Series A bridge financing from Univance, E-ra Okinawa and individual investors in September; the amount was not disclosed.
The company plans component purchases, mass-production development, organizational growth and a proprietary mobility-as-a-service offering.
The investment brings a drivetrain manufacturer into the backing of its electric low-speed vehicles and short-distance transport services.
Use of funds
Purchase components and develop mass production
Strengthen the organization
Build proprietary MaaS for last-mile transport