Japan's Terra Charge raises $63.3M in debt to expand EV charging network
What's the deal? Terra ChargeDealroom has a profile for this one. Try Dealroom →, the Tokyo-based operator of the "Terra Charge" EV charging service, has raised US$76.9M in debt from five banks. The lenders are Mizuho Bank, Sumitomo Mitsui Banking CorporationDealroom has a profile for this one. Try Dealroom →, Sumitomo Mitsui Trust BankDealroom has a profile for this one. Try Dealroom →, Resona BankDealroom has a profile for this one. Try Dealroom →, and Minato BankDealroom has a profile for this one. Try Dealroom →. The round brings the company's total funding to date to US$278M.
What's the endgame? Terra Charge will use the money to expand its charging infrastructure nationwide, develop its services and systems, hire staff, and pursue overseas business. It aims to make charging so convenient that drivers no longer think about "where to charge."
Why now? Founded in April 2022, the company has installed more than 35,000 charging ports as of February 26, 2026 — a figure it says ranks among Japan's largest. It targets 105,000 ports by fiscal 2030.
What's the context? The Japanese government aims to build 300,000 charging ports by 2030 to support EV adoption. Terra Charge covers the full stack, from installation at commercial facilities, hotels, municipal buildings, and apartment complexes to charging and payment services for drivers.
What they're saying: "Rather than waiting for vehicles to spread, it is important to build the charging environment in advance where it is needed" (translated from Japanese), the company said, framing the US$76.9M as fuel to accelerate installation from standard to rapid chargers.
The signal: The debt round sits in roughly the 91st percentile among all-time debt deals for deep tech in Japan, underscoring how capital-intensive physical EV infrastructure has become. With bank financing rather than equity backing the buildout, lenders are betting that charging networks will become durable social infrastructure — and Terra Charge wants to export the model as a Japan-born service worldwide.
Read more: prtimes.jp
Image credit: 305 Seahill
