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Other Disclosures7280MITSUBA CorporationElectrical Equipment and Precision Instruments

Notice Regarding an Investment to Strengthen Technical Collaboration with KG Motors Co., Ltd.

MITSUBA Corporation will invest in KGモーターズ株式会社 to deepen technical collaboration on the drive system for its compact mobility vehicle, mibot. Following the investment, the two companies will use data obtained from mass production and actual operation to further improve motor performance and other aspects.

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Announced details

mibot (ミボット), an ultra-compact mobility vehicleDrive Motor MA01
Applicable field (uses covered by this announcement)

Compact mobility, everyday one-mile trips, and transportation needs such as shopping and round trips to train stations

What the company reported numerically
Usage history

Vehicle deliveries to initial customers have been completed, and the vehicle has entered proof-of-concept (PoC) operation by corporate users. The number of vehicles is Not disclosed.

Relationship between the counterparty and the company
MITSUBA Corporation7280
Relationship with the Company

Since the early development stage of mibot, MITSUBA Corporation has worked with KGモーターズ株式会社 on motor design, evaluation, and testing. MITSUBA Corporation will now invest in KGモーターズ株式会社.

CounterpartyKGモーターズ株式会社

Head office: Higashihiroshima, Hiroshima Prefecture; Representative Director and CEO: Kusunoki Kazunari (楠一成). The company produces the compact mobility vehicle mibot. Other company information: Not disclosed.

Location (as indicated in this announcement)

mibot: overall length 2,485 mm; overall width 1,140 mm; overall height 1,470 mm; vehicle weight approximately 470 kg

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Source (materials cited by the company)

Manufacturer's published figure (mibot range: approximately 100 km)

Announced details
ItemDetails
Names of Products / Services Coveredmibot (ミボット), an ultra-compact mobility vehicle, Drive Motor MA01
CounterpartyKGモーターズ株式会社
Counterparty overviewHead office: Higashihiroshima, Hiroshima Prefecture; Representative Director and CEO: Kusunoki Kazunari (楠一成). The company produces the compact mobility vehicle mibot. Other company information: Not disclosed.
Relationship with the CompanySince the early development stage of mibot, MITSUBA Corporation has worked with KGモーターズ株式会社 on motor design, evaluation, and testing. MITSUBA Corporation will now invest in KGモーターズ株式会社.
Applicable areaCompact mobility, everyday one-mile trips, and transportation needs such as shopping and round trips to train stations
Location scalemibot: overall length 2,485 mm; overall width 1,140 mm; overall height 1,470 mm; vehicle weight approximately 470 kg
Usage historyVehicle deliveries to initial customers have been completed, and the vehicle has entered proof-of-concept (PoC) operation by corporate users. The number of vehicles is Not disclosed.
SourceManufacturer's published figure (mibot range: approximately 100 km)
Items this document does not state (10)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationQuantitative EffectsImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To strengthen technical collaboration aimed at advancing the drive system for mibot. The companies also expect to combine their expertise and motor technologies to contribute to safe and secure mobility, address mobility challenges in local communities, and help achieve a decarbonized society.

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Notice Regarding an Investment to Strengthen Technical Collaboration with KG Motors Co., Ltd. | MITSUBA Corporation (7280) timely disclosure | Komori