LM Industries Announces $15M Funding from SPARX Group to deliver Olli to customers and consumers
Local Motors will empower communities to create opportunities for its citizens by providing innovative and locally relevant vehicles, such as Olli, and mobility solutions
SAN FRANCISCO, Oct. 15, 2020 (GLOBE NEWSWIRE) — LM Industries, the parent company of Local Motors – the world’s first and only digital vehicle manufacturer – today announced a $15 million raise from Mirai Creation Fund II (managed by SPARX Group Co., Ltd, the Japanese asset management firm). This financing will help Local Motors deliver Olli to customers and consumers who are seeking ways to redefine local mobility.
“When SPARX considers partnering with new businesses, we are committed to finding great companies, like Local Motors, with intentions and abilities to make the world a better place,” said Shuhei Abe, CEO...