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FOMM

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Worked on the planning and development of mobility using original electric vehicle

Yokohama, JapanFounded 2013Transportation
Valuation $50–100M Last recorded · 2019
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for FOMM and the history behind them.

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 data

At 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

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Jul 2021 $9.1M $36M Undisclosed —
LATE VCOther financing Feb 2019 $20M $93M Banpu Public Company ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

FOMM website traffic

Latest recorded traffic for FOMM is 1.3K monthly website visits, down 38.1% over the last three months.

Latest monthly visits1.3K 3-month web change-38.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Yaskawa Electric

Series B and later6 investors entered at this stage

  • DYNAX
  • Huis Ten Bosch
  • Mistletoe
  • Yaskawa Electric America
  • Shikoku Electric Power
  • Banpu Public Company
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇯🇵 Japan · Yokohama HQ
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Market sentiment

Posts on X, past 7 days

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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