# Norude

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/norude

- Industry: Transportation Services
- Headquarters: Tokyo, Japan
- Website: https://cycloop.co.jp
- Total disclosed funding: $2.1M
- Latest round: Series A (Sep 30, 2022)
- Investors on record: 4

## About

Based in Tokyo, Japan, and founded in 2008, Cycloop, doing business as Norude, provides subscription-based service for electric bicycles. In September 2022, the firm raised its venture debt financing from investors Bank of Kyoto, Kita Osaka Shinkin Bank, Minato Bank, and Osaka Shinkin Bank. The company as of December 2022 has 35 employees and is led by its President and CEO, Yasuhiro Watatani. The company offers an electric-assisted subscription service, Norude in metropolitan areas of Japan. The company’s three subscription services include Norude General Course for commuting to work or school, shopping, picking up and dropping off children, etc., Norude Delivery Course for delivery services, and Norude corporate course under Norude for Biz subscription for a variety of reliable services for bicycle utilization for companies and organizations, such as maintenance, liability insurance, and accident insurance, etc. The company plans to utilize its September 2022 funding to strengthen and expand its electric bicycle products and services.

## Funding rounds

- Series A, Sep 30, 2022, $2.1M — Japan Asia Investment Company, MIRAIDOOR, DIGITAL ALLIANCE HOLDINGS CO.,LTD, temona.inc

## Investors

- Japan Asia Investment Company (https://capitalatlas.ai/funds/japan-asia-investment-company) — Series A
- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Series A
- DIGITAL ALLIANCE HOLDINGS CO.,LTD — Series A
- temona.inc — Series A