INCJ, Ltd. - Follow-on investment in Dynamic Map Platform Co., Ltd.

Leading Japanese law firm Nishimura & Asahi has advised INCJ, Ltd. on its follow-on investment of up to JPY18 billion (USD163 million) in Dynamic Map Platform Co., Ltd. (“DMP”), a Japanese company established in 2016 to develop, test and manage the common foundation data for high-definition 3D roadway maps for Japan’s national expressways and limited-access roads, necessary for autonomous driving and advanced driver-assistance systems.

This additional investment will be used by DMP to fund the acquisition of US-based Ushr Inc., which acquisition is subject to customary closing conditions pursuant to a definitive agreement between the parties, including receipt of regulatory approval, and also to fund the growth of DMP’s North American operations. In addition to INCJ, Mitsubishi Electric Corporation, an existing shareholder of DMP, and Japan Infrastructure Initiative Co., Ltd., will also invest in DMP during this round of funding.

The Nishimura & Asahi team advising INCJ was led by partners Takuya Matsuo and Tatsuya Nakayama.