# SMZ

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Okayama-shi, Japan
- Website: https://smz-ev.jp/
- Total disclosed funding: $0.8M
- Latest round: Seed (Aug 23, 2023)
- Investors on record: 2

## About

Based in Okayama, Japan, and founded in 2021, SMZ Inc. plans, designs, develops, and sells electric kick scooters under the brands Veracity and Shimizu. In August 2023, SMZ Inc. raised JPY 110 million in seed funding from ANOBAKA. As of December 2021, the company is led by representative director Masaki Shimizu.


The company offers the VERA electric kick scooter series. VERA kick scooters combine sleek design, advanced engineering, and eco-friendly operation. Under the SHIMIZU brand, the company offers electric mobility solutions to address pressing issues related to mobility and the environment. In contrast, VERACITY focuses on delivering cost-performance electric mobility solutions tailored to the domestic market by leveraging overseas OEM production. SMZ Inc. leverages IoT, AI, web, and native applications to offer comprehensive solutions, along with data analysis, to drive business transformations and service developments across various industries.

The company plans to use the August 2023 funding to expand the business in product research and development, accelerating global sales, and recruiting human resources.

## Funding rounds

- Seed, Aug 23, 2023, $0.8M — ANOBAKA
- Seed, Oct 23, 2022 — Chugin Lease

## Investors

- Chugin Lease (https://capitalatlas.ai/funds/chugin-lease) — Seed
- ANOBAKA (https://capitalatlas.ai/funds/anobaka) — Seed