▼Press Release
December 22, 2022
EV Motors Japan Co.,ltd.

Raised additional funds in the Series C roundthrough a third-party allotment of new shares※We have raised funds from the above two companies in the Series C round.

(Head office: Kitakyushu-shi, Fukuoka; Representative: Hiroyuki Sato) has decided to raise a total of 320
million yen through a third-party allotment of new shares on December 27 from Fuyo General Lease (Headoffice: Chiyoda-ku, Tokyo; Representative: Hiroaki Oda) and IMM Investment Group Japan K.K. (Head office:Minato-ku, Tokyo; Representative: Tomohiro Nakamura). (Head Office: Chiyoda-ku, Tokyo; Representative:Hiroaki Oda) and IMM Investment Group Japan K.K. (Head Office: Minato-ku, Tokyo; Representative: TomohiroNakamura) on December 27, 2012.
As of December 27, the total amount of funding for all rounds will be 3.275 billion yen.
We are also continuing to raise funds in the C round, which will be disclosed in due course.

・Purpose of financing<お問い合わせ先>株式会社 EV モーターズ・ジャパン
電話番号：093-752-2477 プランニング：長(ちょう)広報：岸川 / 甲斐▼Press ReleaseAs with previous rounds, this round of funding will be used to fund the construction of a plant for themass production and assembly of commercial EVs in Japan, to respond to large orders expected in thefuture, and for research and development of prototype and demonstration vehicles to accurately meetthe needs of the EV market, as well as to strengthen the company's organizational structure. The funds
will be used to strengthen the company's organizational structure.
We will strive to realize a zero-emission society by building a robust commercial EV mass-production
system and further expanding our vehicle lineup.

・Investor Comments■Atsushi Mizuguchi, Managing Executive Officer, Fuyo General Lease Co.

For corporate customers considering the introduction of EVs, we offer "EV One-Stop Service," which provides
total support in resolving various issues beyond leasing, including "introduction study consulting," "charging
infrastructure consulting," "vehicle management," and "energy management. The company provides "EV OneStop Service," a total support service that goes beyond leasing to solve various issues.
Through this capital and business alliance, we will be able to expand our solutions for our customers' EV
adoption by combining EV Motors Japan's excellent vehicle development and battery know-how with ourGroup's business foundation.
The Group will contribute to the realization of a de-carbonized society by providing support to customers whoare introducing EVs.

■ Tomohiro Nakamura, Representative Director, IMM Investment Group JapanEV Motors Japan has been refining its cutting-edge technologies including active inverters. We expect EV
Motors Japan to play a leading role in the global commercial EV market based on its superior Japanesetechnology.
As a JV between IMM Investment Corporation, one of the largest investment companies in Korea, andQuantum Leaps Corporation, we will actively support EV Motors Japan in its overseas business development
and business alliances with overseas companies by utilizing our group's overseas network. We will continue
to actively support EV Motors Japan's overseas business development and business alliances with overseas
companies by utilizing the Group's overseas network.

・Company Profile
Company name: EV Motors Japan Co.,ltd.

<お問い合わせ先>株式会社 EV モーターズ・ジャパン
電話番号：093-752-2477 プランニング：長(ちょう)広報：岸川 / 甲斐▼Press Release
Head Office: 1-18-7 Hakusan, Wakamatsu-ku, Kitakyushu-shi, Fukuoka, Japan
President and Representative Director: Hiroyuki Sato
Establishment: April 2019
Capital, etc.: 3,285,200,000 yen (as of Dec. 27)
Business description: Sales and maintenance of electric vehi cles and charging stations[Vehicles handled] Buses, trucks, trikes, special vehicles, etc.
Leasing, rental, and ESCO business of electric vehicles
Renewable energy business using storage batteries and PV
Phone number: +81-93-752-2477
Inquiry form: https://forms.gle/B9sPDcm4DMV1W8F56
HP: https://www.evm-j.com/en/<お問い合わせ先>株式会社 EV モーターズ・ジャパン
電話番号：093-752-2477 プランニング：長(ちょう)広報：岸川 / 甲斐