ITOCHU ENEX and OpenStreet Form Capital and Business Alliance
ITOCHU ENEX and OpenStreet Form Capital and Business Alliance
ITOCHU ENEX CO., LTD. (Headquartered in Chiyoda-ku, Tokyo; Tomofumi Yoshida, Representative Director, President and CEO; hereinafter "ITOCHU ENEX") and OpenStreet Co., Ltd. (Headquartered in Minato-ku, Tokyo; Tomoaki Kudo, Representative Director, President and CEO; hereinafter "OpenStreet") announce that they have formed a capital and business alliance through a third-party allocation of shares to ITOCHU ENEX.
OpenStreet provides platforms for micromobility sharing services such as Hello Cycling, an electric-assisted bicycle sharing service, with a view toward resolving urban traffic issues and accelerating regional revitalization.
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Hirofumi Chimura
Executive Officer, COO, Industrial Business Division, ITOCHU ENEX CO., LTD.
Micromobility sharing services are a new business domain that offers different means of transport to people. We decided to invest in hopes that they will help revitalize regions and realize a carbon-free society. Partnering with OpenStreet, which has constructed an overpowering foundation of stations, we will endeavor to create new value and synergy between businesses. -
Tomoaki Kudo
Representative Director, President and CEO, OpenStreet Co., Ltd.
Our micromobility sharing services have more than 6,300 stations all over the country. They are spreading as locally-based foundations of transport. Our mobility network is highly compatible with ITOCHU ENEX's energy and services that have become rooted in different regions in the country and are essential to life, such as LP gas, other oil products and electricity. In the future, we will be able to create synergy between businesses that will help expand ITOCHU ENEX's customer base. Through this alliance, we will connect mobility services and energy services to solve regional mobility issues and to move towards a carbon-free society.
■ About ITOCHU ENEX
Since its establishment in 1961, ITOCHU ENEX has been working to achieve its mission of stably supplying energy as the Best Partner for Life and Society and delivering LP gas, other oil products and other forms of energy to customers across the country. It will continue to work towards the achievement of economic efficiency and a carbon-free society based on its stably supplying energy. Then, ITOCHU ENEX will engage in a range of efforts to solve climate issues and other social problems through energy.
■ About OpenStreet
OpenStreet operates Hello Cycling, one of Japan's largest bicycle sharing platforms supported by the Bicycle Practical Use Promotion Act. It is based on a unique horizontal specialization-type regional partnership model. In addition, it also runs the Hello Mobility shared mobility service and the BLUU Smart Parking service for shared parking spaces. OpenStreet aims to contribute MaaS while providing various means of last mile transportation services.
Green Transformation Solution Section
Ryoto Kirihara email:ib_GX@itcenex.com
OpenStreet Co., Ltd.
Public Relations email:pr@openstreet.co.jp