WHILL Secures Funding from Shoko Chukin Bank to Accelerate Global Autonomous Driving Services
📄 Table of Contents
Overview of the Funding
WHILL, Inc. has secured funding through the issuance of bond-type preferred shares from The Shoko Chukin Bank, Ltd. By utilizing bond-type preferred shares—a form of mezzanine financing—the company aims to strengthen its capital and financial foundation while avoiding equity dilution.
About WHILL, Inc.
Under its mission to "make all people's mobility fun and smart," WHILL provides global mobility solutions for short-distance travel. Through services that integrate hardware and software, the company is building a society where everyone can move freely and comfortably, regardless of physical condition or age.
Purpose of Funding and Future Outlook
The newly raised capital will be primarily allocated to the following two areas:
1. Investments in research and development to further enhance technologies and services
2. Accelerating the global deployment of WHILL's autonomous driving services
This financial support from Shoko Chukin Bank recognizes WHILL's business model as a solution to pressing societal challenges such as aging populations and labor shortages. Moving forward, WHILL remains committed to solving social issues through mobility and driving further business growth.