Essen Secures Funding to Advance Mobility Advertising and AI-Powered Water Pipe Leak Detection

Securing Funding and Business Objectives

Essen Inc. has completed a third-party allotment of shares, securing new capital from the TAKANAWA GATEWAY Earth Impact Investment Limited Partnership and the NOBUNAGA Raise Fund Investment Limited Partnership, alongside corporate and individual investors. The newly raised funds will be allocated toward expanding the mobility advertising business, commercializing leak detection technology utilizing in-vehicle sensors, and strengthening the company's operational and development structures.

The Mobility Constellation Vision

Operating under the mission of "Co-creating the future through action," Essen is advancing its "Mobility Constellation" initiative, which treats mobility assets such as taxis and delivery vehicles as "satellites closest to the ground." By networking vehicles traversing local areas, the company aims to build a new social infrastructure that collects and disseminates urban data.

Key Business Developments

1. Expansion of Mobility Advertising: Through its "WithDrive" platform, Essen will scale up its advertising operations, which leverage vehicle location data and pedestrian flow analytics. The company will deepen partnerships with fleet owners and advertising agencies to strengthen its operational framework.

2. Commercialization of Leak Detection Technology: Essen is advancing the development and demonstration of technology that efficiently identifies water pipe leak risks using in-vehicle infrared sensors and AI analysis. Through collaboration with local governments, the company aims to contribute to more efficient infrastructure maintenance.

3. Organizational Development: Essen is enhancing its expertise in data analysis, product development, and project management to build an organization capable of translating real-world data into actionable societal decision-making.