News Onlab Personality mobility company “WHILL” raises 5 billion yen

“WHILL”, a personality mobility company and a graduate of Open Network Lab’s 5th Seed Accelerator Program, announced on September, 18, 2018 that it has successfully raised 5 billion yen.

The investerors were: SBI Investment, Daiwa Securities Group, Whiz Partners, Mistletoe, Endeavor Catalyst, Japan Material Technologies Corporation, ES Networks, Mitsui Sumitomo Insurance Venture Capital, the Innovation Network Corporation of Japan, Eight Roads Ventures, Nippon Venture Capital, DG Innovation, and Mizuho Capital.

The funds raised during this round will be used to expand the sales of Model Ci in the U.S. and Canada, and to begin sales throughout Europe, starting with the U.K. and Italy. In the future, the company plans to launch its MaaS (Mobility as a Service) business, and enter the B2B space.