How much did newmo raise in total?

newmo raised a total of 20.8 billion yen through a third-party allotment, including investments from KII and other investors.

What will newmo use the funds for?

The funds will be used to expand its existing taxi areas and enter new areas, and to accelerate development toward commercial autonomous taxis in limited areas by 2028.

How many times has KII invested in newmo?

This is KII's third investment in newmo.

Autonomous DrivingAI Business & IndustryPR TIMES (AI)3m agoNov 9, 2026, 13:00 JST

KII backs newmo again in 20.8 billion yen raise for robotaxis

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3 Key Points

What happened
KII invested again in newmo via a third-party allotment, part of a 20.8 billion yen total raise that newmo will use to expand its taxi business and accelerate development toward commercial autonomous taxis in limited areas in 2028.
Why it matters
The funding gives newmo capital to widen its taxi footprint and push its self-developed AI for autonomous driving toward a 2028 commercial launch, a sign investors see regional transport as a viable market.

WHO IT HITSThis affects taxi operators and local governments in Japan facing driver shortages and route cuts, as newmo's expansion and autonomous taxi plans could offer them new mobility options.

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Context & Analysis

newmo was founded in January 2024 and has since brought nine taxi operators into its group, serving six regions across Japan. The company is also developing its own AI model suited to Japan's traffic environment, a project selected for the GENIAC program promoted by the Ministry of Economy, Trade and Industry and NEDO. KII, established in December 2015 to support startups from Keio University research, has backed newmo since its first investment, and notes that newmo has steadily strengthened its supply base through participating taxi operators and advanced autonomous taxi development. This third investment suggests KII sees newmo's multi-modal mobility offerings as contributing to solving regional transport challenges.

FAQ

How much did newmo raise in total?: newmo raised a total of 20.8 billion yen through a third-party allotment, including investments from KII and other investors.
What will newmo use the funds for?: The funds will be used to expand its existing taxi areas and enter new areas, and to accelerate development toward commercial autonomous taxis in limited areas by 2028.
How many times has KII invested in newmo?: This is KII's third investment in newmo.

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