Veracity (Utilities) Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Private

  • Latest Deal Type
  • Accelerator/​Inc

  • Investors
  • 15

Veracity (Utilities) General Information

Description

Manufacturer of electric vehicles and battery management technology designed to promote efficient mobility and environmental sustainability. The company offers mass-produced commercial vehicles leveraging proprietary motor control systems for low power consumption and extended battery life, along with the development of instant charging stations and an energy management business that utilizes advanced battery control technology, enabling transport operators to address performance, cost, and environmental objectives with an integrated vehicle and energy management system.

Contact Information

Website
smz-ev.jp
Formerly Known As
Fellow Group
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 3790 Ogushi, Minami-ku
  • Kita-ku
  • Okayama City, 702-8016
  • Japan
+81
Primary Industry
Other Utilities
Other Industries
Energy Storage
Vertical(s)
CleanTech, Manufacturing
Corporate Office
  • 3790 Ogushi, Minami-ku
  • Kita-ku
  • Okayama City, 702-8016
  • Japan
+81

Veracity (Utilities) Timeline

2023202420252026
Financing Round

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Veracity (Utilities) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Accelerator/Incubator 13-Oct-2023 Completed Generating Revenue
3. Accelerator/Incubator 13-Sep-2023 Completed Generating Revenue
2. Seed Round 23-Aug-2023 $767K $1.04M Completed Generating Revenue
1. Seed Round 24-Oct-2022 $274K $274K Completed Generating Revenue
To view Veracity (Utilities)’s complete valuation and funding history, request access »

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Veracity (Utilities) Patents

  • 2

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Veracity (Utilities) Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
WO-2012011766-A2 Apparatus for preventing offensive odors from rising up from a drain Inactive 22-Jul-2010
WO-2012011766-A3 Apparatus for preventing offensive odors from rising up from a drain Inactive 22-Jul-2010

Veracity (Utilities) Investors (15)

Investor Name Investor Type Holding Investor Since Participating Rounds
J-Startup West Accelerator/Incubator
Japan External Trade Organization Accelerator/Incubator
ANOBAKA Venture Capital Minority
BOOT Co., Ltd. Other Minority
Chugin Capital Partner Venture Capital Minority
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Veracity (Utilities) FAQs

  • When was Veracity (Utilities) founded?

    Veracity (Utilities) was founded in 2021.

  • Where is Veracity (Utilities) headquartered?

    Veracity (Utilities) is headquartered in Okayama City, Japan.

  • What industry is Veracity (Utilities) in?

    Veracity (Utilities)’s primary industry is Other Utilities.

  • Is Veracity (Utilities) a private or public company?

    Veracity (Utilities) is a Private company.

  • What is Veracity (Utilities)’s current revenue?

    The current revenue for Veracity (Utilities) is .

  • How much funding has Veracity (Utilities) raised over time?

    Veracity (Utilities) has raised $1.04M.

  • Who are Veracity (Utilities)’s investors?

    J-Startup West, Japan External Trade Organization, ANOBAKA, BOOT Co., Ltd., and Chugin Capital Partner are 5 of 15 investors who have invested in Veracity (Utilities).

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