# GLM Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/glm-co

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Kyoto, Japan
- Website: www.glm.jp
- Total disclosed funding: $27M
- Latest round: Series B (Aug 25, 2015)
- Investors on record: 11

## About

GLM Co., Ltd is a Japanese company dedicated to the development of electric vehicles and engineering services, focusing on innovative automotive solutions and high-performance electric mobility.GLM Co., Ltd, founded in 2010 in Kyoto, Japan, specializes in electric vehicles and engineering services. The company has executed five deals, with the most recent being a TRADE SALE in July 2017 where O Luxe Holdings Limited acquired an 85.5% stake for JPY 12.808 billion. The company reported a total amount raised of HKD 896.000 mn, all raised in that funding round. GLM was established by a group of automotive innovators without any noted pivots or changes in operational focus since its inception. GLM Co., Ltd. specializes in the development of electric vehicles (EVs) and associated engineering services, focusing on innovative solutions for the automotive industry. Their flagship product, the two-seater sports EV 'Tommykaira ZZ,' showcases their commitment to high-performance electric mobility, while their engineering services facilitate the development of concept cars and new technologies for client companies looking to enter or expand within the EV market. GLM's product offerings also include a sub-battery system designed for commercial vehicles, which enables prolonged operation of heating and cooling systems without idling, thereby addressing environmental concerns such as CO2 emissions. The company's customer base includes automotive OEMs and commercial fleet operators, primarily targeting markets in Japan, North America, and Europe, which have shown increasing demand for sustainable transportation solutions.GLM Co., Ltd. generated revenue of JPY 100,582.9 in 2021. The company earns revenue through direct sales and B2B partnerships, focusing on high-value contracts with automotive manufacturers and commercial fleet operators. Revenue streams are primarily derived from the sale of flagship products, such as the 'Tommykaira ZZ' and the commercial vehicle sub-battery system, marketed to reduce idling time and fuel consumption for trucks. GLM enhances its market reach through collaborations and joint ventures, aligning its engineering services with client needs in the evolving EV landscape.GLM Co., Ltd. plans to launch new electric vehicle models and enhance its sub-battery systems to improve commercial vehicle efficiency. The company aims to expand into the North American and European markets by 2025, leveraging recent funding from the TRADE SALE to support R&D initiatives and marketing efforts. The acquisition by O Luxe Holdings Limited will enable GLM to strengthen its development capabilities and market outreach, focusing on sustainable mobility solutions to meet growing demands.

## Funding rounds

- Series B, Aug 25, 2015, $14M — University of Tokyo Edge Capital Partners, Riyadh Valley Company
- Series A, May 25, 2015, $6.6M — University of Tokyo Edge Capital Partners, Industrial Technology Investment Corporation, Mitsubishi UFJ Capital, Riyadh Valley Company, Yuasa M&B, Kyoto Tool Co., Ltd, Chushin Venture Capital, aSTART
- Seed, Nov 27, 2013, $5.8M — Nippon Venture Capital, Globis Capital Partners, Mitsubishi UFJ Capital, Senshu Ikeda Capital

## Investors

- Nippon Venture Capital (https://capitalatlas.ai/funds/nippon-venture-capital) — Seed
- Globis Capital Partners (https://capitalatlas.ai/funds/globis-capital-partners) — Seed
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Seed, Series A
- Senshu Ikeda Capital (https://capitalatlas.ai/funds/senshu-ikeda-capital) — Seed
- University of Tokyo Edge Capital Partners (https://capitalatlas.ai/funds/university-of-tokyo-edge-capital-partners) — Series A, Series B
- Industrial Technology Investment Corporation (https://capitalatlas.ai/funds/industrial-technology-investment-corporation) — Series A
- Riyadh Valley Company (https://capitalatlas.ai/funds/riyadh-valley-company) — Series A, Series B
- Yuasa M&B — Series A
- Kyoto Tool Co., Ltd — Series A
- Chushin Venture Capital (https://capitalatlas.ai/funds/chushin-venture-capital) — Series A
- aSTART (https://capitalatlas.ai/funds/astart) — Series A