F
FOMM
Worked on the planning and development of mobility using original electric vehicle
About FOMM
FOMM Corporation, an acronym for First One Mile Mobility, is a Japanese automotive company established in February 2013 by Hideo Tsurumaki. The company focuses on the research, development, and production of compact electric vehicles. Tsurumaki, the current CEO, brings extensive experience from his time at Suzuki Motor Corporation, where he worked on scooter engine and motocross frame design, and later at Araco and Toyota Auto Body, where he was instrumental in developing the single-seater EV "Coms". His vision for FOMM was significantly influenced by the 2011 Great East Japan Earthquake, which highlighted the need for a vehicle that could navigate flooded areas.
The company's flagship product is the "FOMM ONE," a compact, four-seater electric vehicle. A key feature of the FOMM ONE is its ability to float and move on water, a direct response to the founder's experience with tsunami aftermaths. The vehicle is engineered with in-wheel motors to maximize interior space within its small frame, measuring just 2,585 mm in length and 1,295 mm in width. It boasts a range of approximately 160 kilometers on a full charge and a top speed of 80 km/h. The powertrain delivers 10kW of maximum power and 560Nm of torque. Another distinctive feature is the hand-operated accelerator integrated into the steering wheel, designed to prevent pedal misapplication.
FOMM operates on a business model that extends beyond vehicle sales. The company has developed a battery-swapping system, allowing users to exchange depleted batteries for fully charged ones at designated stations, a process that takes about five minutes. This addresses the long charging times associated with conventional EVs. In 2023, FOMM announced a new service to convert gasoline-powered microvans, like the widely used Suzuki Every, into battery-swappable EVs, targeting commercial delivery fleets. The company partners with local auto repair shops to carry out these conversions. FOMM's business strategy has a strong focus on Southeast Asia, particularly Thailand, where it established a joint venture, FOMM (Asia), in 2016 and commenced mass production of the FOMM ONE. The company has secured funding from investors including Banpu, Mistletoe, and Yaskawa Electric Corporation.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2013
- Headquarters
- Yokohama, Japan
- Open positions
- None listed
- Dealroom signal
- 56.7/100
- Industry
- Energy, Transportation
- Sector
- Transportation, Automotive, Autonomous Mobility, Sustainable Development Goals, Climate Tech, Electric Mobility, EV Manufacturing, Hard Tech
- Business model
- Manufacturing
- Client focus
- b2b
- Links
- Website
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Jul 2021 | $9.1M | $36M | Undisclosed | — |
| LATE VCOther financing | Feb 2019 | $20M | $93M | Banpu Public Company | ↗ |
Growth signals
Latest recorded traffic for FOMM is 1.3K monthly website visits, down 38.1% over the last three months.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
- YEYaskawa Electric
Series B and later6 investors entered at this stage
- DYDYNAX
- HBHuis Ten Bosch
Mistletoe
Yaskawa Electric America
Shikoku Electric Power- BCBanpu Public Company
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about FOMM on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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