Sumitomo Mitsui Auto Service
Tokyo Opera City Building, 3-20-2 Nishi-Shinjuku, Tokyo, Shinjuku-ku, 163-1434, Japan
Overview
Sumitomo Mitsui Auto Service provides leasing, buying and selling, maintenance, repair, and inspection services for all types of vehicles.
- Total investments
- 3
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 0
Sector focus
- Automotive
- Leasing
- Sales
Investment portfolio
- T2
Participated · Series B · Jul 2026
T2 develops and operates autonomous driving trucks for long-distance trunk transportation, currently running commercial operations with its self-developed Level 2 trucks. The company is conducting safety verification using formal methods and has demonstrated roughly 500 km of non-steering driving on highways including toll-booth passages. From 2024 demonstrations, it has transported cargo for over 50 partner companies, and commercial operations that began July 1 last year have expanded to 23 customer companies. T2 plans to deploy Level 4 trunk transportation services from fiscal year 2027 and is building driver-switching hubs called “Transgate” near Ayase, Kobe, and Nishinomiya by spring 2026. Financially, the company has raised over ¥16.5 billion to date, including the ¥5 billion first close of its Series B, and says it will use the new proceeds to accelerate its business and technology development toward Level 4.
- Terra Motors
Participated · Series C · Jun 2023
Founded in 2010 and based in Tokyo, Terra Motors is known for its electric motorcycles and its Terra Charge EV charging infrastructure. Terra Charge comprises an app for scheduling and payments, a managed cloud platform, and installation services for charging equipment. The service has been adopted by local governments, condominiums, hotels, and golf courses, and the company reports over 4,700 unit orders as of June 27, 2023. Terra Motors has become a leading domestic provider of EV charging infrastructure in Japan. The company plans to use new funding to accelerate expansion of its charging network and to further develop software, hardware, and services. It also intends to strengthen recruitment and organizational capabilities to pursue EV-based energy management, electricity supply, and demand-response initiatives. Terra Motors develops, manufactures and sells electric two- and three-wheelers. Its flagship vehicle is the A4000i, an electric two- and three-wheeler with smartphone connectivity. Led by founder and CEO Toru Tokushige, the company operates overseas affiliates in Vietnam and the Philippines. Terra plans near-term expansion into India and Bangladesh and intends to enter Indonesia, Taiwan, Thailand and other Asian markets in the coming years. It also plans to enhance production in Vietnam and the Philippines to support regional growth. The company completed a $10M financing round to fund its Asian expansion.
- Kinto
Led · Equity · Feb 2019
Kinto will manage a car subscription program and other mobility services in Japan, including the sale and purchase of used vehicles and automotive repair and inspection. The company is jointly funded by Toyota Financial Services (a wholly owned Toyota subsidiary) and Sumitomo Mitsui Auto Service Company (a member of the Sumitomo Corporation Group). Initial funding for Kinto is 1.8 billion yen (about $16 million), according to Toyota. Kinto plans to gamify driving behavior by awarding points based on how customers drive, with points applicable toward payments. It will offer two subscription services: Kinto One (three-year access to Toyota models) and Kinto Select (three-year access to Lexus models) with fixed monthly pricing that bundles insurance, taxes, registration, and maintenance. Kinto is launching the higher-end plan first, will add Kinto One on March 1, and is running trials through select Tokyo dealers before a wider rollout in Japan this summer.
Team
No current team members are available.