The electric vehicle maker has secured $10m in a Mizuho-backed round and will now aim to expand across Asia.
Japan-based electric vehicle maker Terra Motors has received $10m in a round of investment led by venture capital firm Fenox Venture Capital, with participation from Mihuzo Capital, the corporate venturing arm of Mihuzo Bank, itself the retail and corporate banking unit of Mihuzo Financial Group.
Other investors in the round included financial services company Shinsei Bank, securities firm SMBC Aizawa Securities, and SMBC Venture Capital, the venture capital subsidiary of Sumitomo Mitsui Banking Corporation.
Founded in 2010, Terra Motors designs,…
