#Japan #Sendai #FUNDINNO #Mabuchi Engineering #ORC Power

Mabuchi Engineering Achieves Major Funding Milestone

Mabuchi Engineering, based in Sendai, Miyagi Prefecture, has announced a successful fundraising campaign through the equity crowdfunding platform FUNDINNO. The company raised approximately ¥90 million, leveraging a unique funding scheme involving stock subscription rights. This impressive total places them as the eighth highest in fundraising through FUNDINNO and ninth in Japan overall.

FUNDINNO, established as Japan's first equity crowdfunding service, enables investments starting from around ¥100,000 in unlisted ventures, having facilitated over 650 funding projects to date.

Remarks from Mabuchi Engineering Executives

President Toshimitsu Ono expressed heartfelt gratitude to investors for their overwhelming support, exceeding the initial fundraising goal. He emphasized the 60 years of expertise in plumbing and construction that the company leverages to harness the potential of heat, water, and air for future societal benefits. With the funds raised, Mabuchi aims to expand the reach of its Organic Rankine Cycle (ORC) power generation systems, strengthening its commitment to innovative energy solutions.

Chief Financial Officer Yasutaka Takamoto also thanked supporters, highlighting the opportunity to address the vulnerabilities facing regional areas and the necessity of innovative projects. He views this fundraising as a launchpad for exploring underutilized heat effectively, contributing to the fight against global warming while tapping into the increasing demand for waste heat engines.

Norihiro Akagi on Investment Perspectives

Norihiro Akagi, a visiting professor at Tohoku University’s Institute of Multidisciplinary Material Sciences, shared his astonishment at the funding success, noting the high expectations from investors. He discussed the potential of small-scale binary power generation, an area where Japan is leading international standardization efforts. Akagi believes that Mabuchi’s homegrown ORC power generation concept could significantly contribute to a sustainable future.

Growing Trend of Large Fundraising via Stock Subscription Rights

FUNDINNO has seen a rise in substantial funding efforts utilizing stock subscription rights, which allow investors to acquire shares at their discretion. In recent months, several companies have successfully used this model for significant funding, showcasing its growing popularity.

A few noteworthy mentions include:

• - Atomoph Corporation: ¥99 million raised
• - Aikomi Inc.: ¥90.99 million raised
• - I.T.E. Inc.: ¥85.95 million raised

Historically, the ceiling for annual funding through equity crowdfunding was limited to under ¥100 million per company. However, with innovative schemes such as FUNDINNO PLUS+, possibilities for accumulating over ¥1 billion are now available, broadening support for startups seeking financial backing.

About FUNDINNO

FUNDINNO is dedicated to democratizing the venture market in Japan, aiming to eliminate disparities in information and opportunities among entrepreneurs and investors. Their mission is to empower entrepreneurs with various options while connecting investor support to these innovators. The company continues to seek ways to transform the landscape for aspiring entrepreneurs and those who wish to support their ventures.

FUNDINNO is located in Minato-ku, Tokyo, and has been a registered financial instrument business operator since November 2015. As of October 31, 2024, the total capital and reserve amount stands at approximately ¥9.8 billion. For more information, visit their official website.

Please note that this article serves to inform the public about FUNDINNO’s services and achievements and is not intended as an investment solicitation. For detailed information regarding fees and risks involved, please refer to the important notice on their website.