Series A 2nd Close to raise a total of approximately 1.59 billion yen

Promoting expansion of PASSTO locations, establishment of schemes for resource recycling for apparel manufacturers and other manufacturing companies, and integration of circulation centers

(Head Office: Satsumasendai City, Kagoshima Prefecture; CEO: Teruyuki Kawano; hereinafter “ECOMMIT”), which builds infrastructure for the collection, sorting, and redistribution of unwanted goods for a recycling-oriented society, has completed the 2nd close of the Series A round and has acquired Chubu Electric Power Co. (“Chubu Electric Power”), Orient Corporation (“Orico”), Global Infrastructure Management, Inc. and Kips Corporation through a third-party allotment.
The total amount of Series A funds raised will be approximately 1.59 billion yen.


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https://prtimes.jp/main/html/rd/p/000000087.000067508.html