# REXEV Co.

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

- Industry: Transportation Services
- Headquarters: Tokyo, Japan
- Website: www.rexev.co.jp
- Total disclosed funding: $14M
- Latest round: Series B (Jul 20, 2022)
- Investors on record: 12

## About

REXEV Inc., based in Japan, specializes in energy management and mobility solutions, focusing on electric vehicle infrastructure and innovative charging technologies to enhance efficiency and sustainability in transportation.Founded in 2019 and headquartered in Tokyo, Japan, REXEV Co., Ltd. engages in the development and provision of electric vehicle (EV) infrastructure solutions. The company has successfully completed 4 deals, with the latest funding round being Series C on June 5, 2023, raising JPY 499.870 mn from Suzuyo Shoji CO.,LTD., bringing the total amount raised to JPY 499.870 mn and current company valuation to JPY 5668.835 mn.REXEV specializes in energy management and mobility solutions, primarily focusing on electric vehicle (EV) infrastructure. The company's core offerings include smart EV chargers that optimize power usage and charging schedules, potentially reducing electricity costs by up to 30%. Additionally, REXEV provides the "Flemobi" service, assisting businesses in transitioning to EVs by optimizing vehicle fleet management and operational efficiency. Their EV car-sharing business is another key component, offering a complete package from business model development to system implementation, aimed at organizations looking to adopt EV car-sharing mechanisms. These solutions serve a diverse client base including corporations, municipalities, electricity providers, and transportation companies, primarily in Japan but with potential applications in other markets where EV infrastructure is developing.REXEV's revenue model is structured around a combination of direct sales and service agreements with corporate clients and public sector organizations. The company generates income through the sale and installation of its smart charging systems, with ongoing revenue from maintenance and operational support services. Additionally, REXEV engages in B2B transactions by partnering with municipalities for EV infrastructure projects and offering consulting services for EV implementation strategies. Their pricing structure reflects the potential savings and efficiencies clients can achieve from their services while facilitating a seamless transition to EVs.In June 2023, REXEV Co., Ltd. raised JPY 500 million in Series C funding from Suzuyo Shoji CO.,LTD., enabling the company to promote carbon neutrality through electric vehicles. The investment will support the development of new products aimed at enhancing EV infrastructure and operational efficiency. REXEV plans to expand its services into additional markets in Asia and Europe by the end of 2024, targeting regions with developing EV infrastructure to further its mission.

## Funding rounds

- Series B, Jul 20, 2022, $1.5M — Zenrin Future Partners, Nippon Telegraph and Telephone West
- Series B, Oct 13, 2021, $5.6M — JAFCO Group, Mitsubishi UFJ Capital, Fuyo General Lease, Sumitomo Mitsui Auto Service Company, Limited, Hokuriku Electric Power Business Investment G.K.
- Series A, Dec 21, 2020, $7.2M — JAFCO Group, Kyocera Corporation, Toshiba Corporation, Osaka Gas, aSTART, Sumitomo Mitsui Finance and Leasing

## Investors

- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series A, Series B
- Kyocera Corporation — Series A
- Toshiba Corporation — Series A
- Osaka Gas — Series A
- aSTART (https://capitalatlas.ai/funds/astart) — Series A
- Sumitomo Mitsui Finance and Leasing — Series A
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series B
- Fuyo General Lease — Series B
- Sumitomo Mitsui Auto Service Company, Limited — Series B
- Hokuriku Electric Power Business Investment G.K. — Series B
- Zenrin Future Partners (https://capitalatlas.ai/funds/zenrin-future-partners) — Series B
- Nippon Telegraph and Telephone West — Series B