Luup Raises Funding from Daito Trust Construction Aims to strengthen implementation in managed buildings


Luup, Inc. (Head office: Shibuya-ku, Tokyo; President and CEO: Daiki Okai; hereinafter “Luup”), which operates “LUUP,” a sharing service of “electric micromobility,” has completed raising funding from Daito Trust Construction Co., Ltd. (Head office: Minato-ku, Tokyo; President: Katsuma Kobayashi; hereinafter “Daito Trust Construction”).

Luup is creating a new short-distance mobility infrastructure in Japan through the sharing of electric, compact, and single-passenger micromobility.

Luup aims to establish first and last-mile transportation by offering not only e-bikes and e-scooters, but by providing a comprehensive offering of electric, compact, and single-passenger electric micromobility, and create a future where all people can move freely.

Background of Financing

Daito Trust Construction manages 1,130,218 residential rental buildings throughout Japan (as of March 31, 2020). The company was ranked No. 1 in the “Ranking of 1,083 Companies by Number of Units Managed in 2020” published in the Weekly Zenkoku Chintai Jutaku Shimbun (July 27, 2020 issue). This year marks the 24th consecutive year that the company has been ranked No. 1 in the same ranking.

By introducing LUUP to properties managed by Daito Trust Construction, we aim to realize “a town or house you would want to live in because it has LUUP.”