# Terra Motors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/terra-motors

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Tokyo, Japan
- Website: www.terramotors.co.jp
- Total disclosed funding: $47M
- Latest round: Series C (Jun 26, 2023)
- Investors on record: 11

## About

Founded in 2010 and based in Tokyo, Japan, Terra Motors operates as a company that develops, manufactures, and sells electric two wheel and three-wheel vehicles, provides after sales services, and operates globally through its e mobility business to create employment opportunities and expand sustainable transportation solutions. In January 2026, Terra Motors raised? an undisclosed amount ?in?venture funding ?from Arohan Financial Services Limited.

Terra Motors specializes in advanced mobility solutions, particularly in electric three-wheeled vehicles designed for sustainable transport in emerging markets. Their product range includes durable electric three-wheelers equipped with Internet of Things (IoT) technology, enhancing connectivity and user experience. Primarily targeting commercial drivers in South Asia and Southeast Asia, including India and Bangladesh, the company focuses on offering reliable transportation solutions tailored to local demands.

For the most recent year, Terra Motors reported a revenue of JPY 872,363.8 in 2019. Revenue generation is primarily through the direct sale of electric vehicles to commercial drivers and businesses, as well as partnerships with governmental and corporate entities. Their business model largely involves B2B interactions, enhancing accessibility through bulk purchases and microfinance initiatives for individual customers.

As of January 2026, the company plans to expand global e mobility operations, develop new electric vehicle models, and prepare for IPO.

## Funding rounds

- Series C, Jun 26, 2023, $28M — Pegasus Tech Ventures, Tokyo Century Corporation, Sumitomo Mitsui Auto Service Company, Limited, Osaka Gas
- Series B, Mar 28, 2018, $9.5M — Pegasus Tech Ventures, Chiba Bank, Minato Capital, YMFG Capital
- Series A, May 15, 2014, $9.8M — SBI Shinsei Bank, SMBC Venture Capital, Mizuho Capital, Aizawa Securities Group, Pegasus Tech Ventures

## Investors

- SBI Shinsei Bank — Series A
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series A
- Aizawa Securities Group — Series A
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series A, Series B, Series C
- Chiba Bank — Series B
- Minato Capital (https://capitalatlas.ai/funds/minato-capital) — Series B
- YMFG Capital (https://capitalatlas.ai/funds/ymfg-capital) — Series B
- Tokyo Century Corporation — Series C
- Sumitomo Mitsui Auto Service Company, Limited — Series C
- Osaka Gas — Series C