Japan e-scooter sharing operator Luup raises $8M through debt and asset financing

Luup, Inc, a Japan-based sharing service of electric micromobility including e-scooters and e-bikes, said Wednesday it has raised a total of 1 billion yen ($7.97 million) through debt and asset financing. This is the first time in Japan that an e-scooter sharing service operator has raised funds through asset financing, and this financing brings Luup’s total funding to approximately 4.6 billion yen ($36.69 million).