TriOrb Closes Series B Round, Raising JPY 2.88 Billion

TriOrb Inc. has completed its Series B funding round, raising a total of JPY 2.88 billion through a combination of third-party allotment and debt financing. With this round, cumulative funding reaches JPY 4.23 billion.

The equity round welcomed two new investors—Sparks Asset Management (manager of the Mirai Creation Fund III) and Mizuho Capital—joining existing shareholders for a total of seven participating firms. In addition, TriOrb secured JPY 590 million in debt financing from Mizuho Bank and MUFG Bank.

The new capital will accelerate TriOrb’s transition from proof-of-concept to full market deployment and mass production of its ball-driven omnidirectional mobility platform, TriOrb BASE. Funds will also support global expansion anchored by the Detroit office opened in January, as well as the strengthening of engineering and organizational capabilities.

As part of this round, Takaki Demichi of SPARX Asset Management will join TriOrb’s board as an Independent Director.

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