movus technologies, which provides subscription access to fuel-efficient vehicles for ride-hailing drivers in Southeast Asia, announced a Series B round totaling ¥42.6 billion, according to BRIDGE and corroborating reports. The package comprised ¥16.6 billion in a third-party equity allotment and roughly ¥26 billion in debt and overdraft facilities.
New equity investors included SPARX Asset Management, Suzuki Global Ventures, FFG Venture Business Partners, and United, with follow-on participation from existing backers such as Mitsubishi UFJ Capital, Nissay Capital, and Japan Venture Capital.
The debt portion was arranged with Mizuho Bank, Sumitomo Mitsui Banking Corporation, Resona Bank, Shoko Chukin Bank, and Hokuriku Bank. The company also disclosed a partnership agreement with regional super-app Grab.
movus targets ride-share drivers and lower-credit individuals underserved by traditional auto financing, positioning its subscription model as a path to vehicle access in fast-growing Southeast Asian markets.