Re-Power Co., Ltd.
Re-Power raises a total of approximately 200 million yen through KUSABI and Nissay Capital
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Re-Power Co., Ltd. (Headquarters: Shibuya-ku, Tokyo, Representative Director: Shoji Fuchigami, https://re-power.jp/) is a subsidiary of KUSABI No. 1 Investment Limited Partnership and Nissay Capital No. 13 Investment Limited Partnership. We raised a total of approximately 200 million yen through a third-party allotment of capital to the Nissay Capital Sustainability Problem Solving Fund No. 1 Investment Limited Partnership, a responsible association. With this capital increase through third-party allotment, the total amount raised by our company is approximately 300 million yen.
With this funding, we will be able to offer our four products and services (Re:Power VPP, Re:Power AI-Algo, Re:Power EMS, Re:Power Cube) to the market as an energy storage provider. We will accelerate this.
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[Re:Power AI-Algo] By independently developing Re:Power AI-Algo (an automatic bidding system in the power trading market), which we position as our core technology, we are bringing to market a revolutionary product that promotes the decentralization of power. It is scheduled to be provided on. [Re:Power EMS] Based on the American platform EMS that operates 6GWh in four countries around the world, we will strive to localize it for Japan with the aim of gaining the top share of Japan’s future power control platform. Regarding this business, we are also a member of the Waseda University Smart Society Technology Study Group; ACROSS
(https://www.waseda.jp/inst/across/cm/service), and we are trying to communicate and make recommendations.
Underwriters (in no particular order)
・KUSABI No. 1 Investment Limited Partnership
・Nissei Capital No. 13 Investment Limited Partnership
・Nissei Capital Sustainability Problem Solving Fund No. 1 Investment Limited Partnership
Comments from investors
KUSABI representative partner Kenko Nagai
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With the increase in the use of natural energy sources to realize a carbon-neutral society, bridging the gap between power supply and demand has become a social issue. The company provides an ESS (Energy Storage System) that combines proprietary AI technology based on lithium-ion batteries from Fractal (US), the world’s top-tier EMS operator, and CATL (medium), which has the No. 1 global sales share. It’s a company. The market, which is expected to see an increase in the entry of virtual power providers (VPPs), is expected to exceed 5 trillion yen by 2035 (approximately 4 times the current amount), and the rate of change in the market is high, making it an ideal place for startups to take on the challenge. It’s a suitable theme. The company is a startup that combines experts who have supported Japanese manufacturing with young people with extensive bizdev experience, including people who have a track record of commercializing HDD recorder global standards at SONY and a track record of top management at the world’s first-tier device manufacturers. We have decided to make this investment based on our reputation as a team that can win in this huge market. Menoa Hotta, Capitalist, Nissay Capital Co., Ltd.
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I am very happy to have been able to invest in Re-Power. In order to realize a carbon-neutral society, the amount of power generated from natural energy sources, including solar power, is increasing, but the gap between supply and demand for electricity, which is an issue related to natural energy sources, has become a major issue. In this market with such strong issues and huge scale, Re-Power is attractive because it offers a product that combines CATL’s batteries, Fractal’s energy management system, and a unique automatic bidding system using AI. I feel that. We have made this investment because we believe that the strong management team, including President Fuchigami, who has strongly supported Japan’s manufacturing industry, will be able to achieve great results as an energy storage service provider in this huge industry. We will continue to do our best to support Re-Power’s growth as an investor.
Re-Power Company Profile
Company name: Re-Power Co., Ltd. URL: https://re-power.jp/ Address: Cerulean Tower 15F, 26-1 Sakuragaoka-cho, Shibuya-ku, Tokyo
Representative: Representative Director Shoji Fuchigami Established: 2023 February Capital: 154,995,270 yen (excluding capital reserve) Business details: – Development and sales of renewable energy, storage batteries, and power transmission and distribution control systems – Development and sales of grid storage batteries – Power plant/storage station operation and management agency
More details about this release:
https://prtimes.jp/main/html/rd/p/000000001.000142564.html