[JCass Airways Co., Ltd.] JCass Airways raises 200 million yen in pre-series A round final close, bringing the total amount raised to 650 million yen
JCAS Airways Co., Ltd. Press release: November 11, 2024 JCAS Airways raises 200 million yen in pre-series A round final close, bringing total funding amount to 650 million yen Image
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Pre-series A final closing 200 million yen funding JCAS Airways Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, Representative Directors Seiji Shirane and Yuki Umemoto, hereinafter referred to as the “Company”), which aims to launch new flights in the spring of 2026, has announced that it has reached the final stage of the Pre-Series A round through a third-party allotment of capital. We are pleased to announce that we have raised 200 million yen as a closing, bringing the total amount raised since establishment to approximately 650 million yen. [Background and purpose of funding] In order to utilize the potential of Japan’s regional airports and create new flows of people, we aim to launch new airline routes connecting Kansai International Airport (KIX) and Toyama Airport (TOY), and between Kansai International Airport and Yonago Airport (YGJ). An aviation startup company. While we are proceeding with financing and business preparations with the aim of starting service in the spring of 2026, we will be holding the pre-series A round final, following the fundraising from a company in Toyama Prefecture, which is the destination of the flight, in September 2024. As a closing, we have decided to raise funds from a company in San’in, which is also our destination. The funds raised this time will be used for equipment leasing, system development, human resources recruitment, etc. “This time, following the investment from a company in Toyama, we have also received investment in Sanin. Thank you very much. Over the past year, I have visited Sakaiminato, Yonago, Yasugi, and Matsue many times and have met many people. We believe in the potential of our company, which is not just a San’in company, and we are forever grateful for your support. In order to launch a flight, it is important not only to raise funds, but also to procure aircraft and recruit human resources, as well as “understanding and support from the destination region.” We feel that this investment is proof of that. San’in is a region blessed with rich nature, including Mt. Daisen, Nakaumi, and Lake Shinji, and is home to Yonago Airport and Izumo Airport. On the other hand, it takes 3-4 hours to access Kansai by land, so there is still plenty of room to create tourism demand by leveraging its appeal. By connecting Kansai Airport and Yonago Airport in about an hour, JCass Airways will create a new flow of people not only from within Japan but also from inbound people entering the country from Kansai Airport. In addition, JCAS Airways is a start-up company that is engaged in regional aviation business as well as regional revitalization. We are very much looking forward to contributing to regional revitalization together with the local community in this charming area of the San’in region. Thank you for your continued support. ” Our mission is to “bring wings of freedom to travel and encounters.” We aim to further accelerate business growth, eliminate transportation disparities between regions, develop the appeal of the regions we serve, and provide local experiences. By doing so, we aim to contribute to regional
revitalization.
https://prcdn.freetls.fastly.net/release_image/139566/6/139566-6-114a95af84af823e8ef49a6a55c23e3a-2500×1313.png List of investing companies (in alphabetical order) [Investing companies (in alphabetical order)] ・Umirai Co., Ltd. ・Sanrei Foods Co., Ltd. ・Jet System Co., Ltd. ・Marie Yashiro Co., Ltd. ・Sanko Co., Ltd. ・San’in Oxygen Industry Co., Ltd. ・San’in Central Television Broadcasting Co., Ltd. ・Shimane Electric Works Group ・Miho Technos Co., Ltd. [Company Profile] “A way for Japanese locals to be more active.” JCAS Airways Co., Ltd. is a regional airline established in June 2023. Currently, JCAS Airways has a team of professionals who are well-versed in business development, finance, operations and maintenance, including co-representatives Seiji Shirane and Yuki Umemoto. We are currently preparing for the launch of two routes connecting Kansai International Airport and Yonago Airport. What differentiates us from previous regional airlines is that we do not simply connect regions as a regional airline, but also discover the charm of the destinations we serve and provide moving experiences to domestic and international customers visiting those destinations. We aim to do this as a regional revitalization project. When it enters service in the spring of 2026, it will start with one aircraft and two routes, with the aim of expanding to seven aircraft and 16 routes over the next five years. Company name: JCAS Airways Co., Ltd. Address: 4th floor, Fujimi Duplex B’s, 1-3-11 Fujimi, Chiyoda-ku, Tokyo 103-0071 (Tokyo Head Office) SCOP TOYAMA 304, 1-7 Hasumachi, Toyama City, Toyama Prefecture, 931-8333 (Toyama Office) 125 Imazu, Yodoe-cho, Yonago-shi, 689-3401 (Yonago Office) Representative Director: Seiji Shirane, Yuki Umemoto Established: June 21, 2023 URL :
https://www.jcas.co.jp/
