FOMM CORPORATION is a company specializing in creating and developing mobility solutions through its proprietary electric vehicle technology and compact vehicle design expertise. Founded in 2013, FOMM achieved a significant milestone in 2014 by creating one of the world's most compact 4-seater mobility vehicles. Leveraging advanced drive design centered on in-wheel motors and a package design tailored for small mobility, FOMM provides comfort for four adults within a minimal footprint. The company holds patents for various unique technologies, including a new operating system that prevents accidental acceleration and steering errors, as well as a structural design that ensures the vehicle can float and move on water during emergencies. This capability is particularly valuable in flood-prone regions.
The company received a $20.00M Corporate Round investment on 05 February 2019 from Banpu Power Public. FOMM's innovative approach to mobility solutions and its focus on compact, electric vehicles position it as a compelling investment opportunity in the evolving automotive industry.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Corporate Round | $20.00M | 1 | Banpu Power Public | 05 Feb 2019 |
| Corporate Round | ¥300.00M | 1 | YONDEN | 19 Oct 2018 |
| Corporate Round | ¥1.00B | 1 | Huis Ten Bosch | 10 Jul 2018 |
| Corporate Round | ¥1.00B | 1 | DYNAX | 13 Feb 2018 |
| Corporate Round | ¥97.00M | 1 | YASKAWA Electric | 27 Dec 2017 |
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