VECTRIX JAPAN Co., Ltd. (hereinafter referred to as “VECTRIX” / Minato-ku, Tokyo; Representative Director Fumiaki Yamagishi), which proposes small commercial EVs, recently announced that Tokio Marine & Nichido Fire Insurance Co., Ltd. (hereinafter referred to as “Tokio Marine & Nichido” / Chiyoda-ku, Tokyo: Based on the support know-how for four-wheel vehicle users that the two companies have accumulated over the years, the company has launched a series of products, including the small commercial EV “I-Cargo,” which will go on sale from October 1st. , building user support such as an EV maintenance network and insurance products, and long-term coexistence in domestic development, production, sales, transportation, etc. in wide collaboration with the company and external collaboration partners, and the creation of new mobility business models. We have concluded a collaborative agreement with the aim of building
[Background and purpose of contract conclusion]
Our EV product “I-Cargo” was developed with the two main goals of solving social issues: “converting the last mile to EV and achieving regional carbon neutrality” and “creating a new class of logistics drivers such as women and seniors.” We have made progress. In October last year, we announced the prototype in Tokyo ahead of the world, and we will finally start selling the mass-produced model on October 1, 2023.
Over the past year, I-Cargo, a unique small commercial EV product that is neither a car nor a motorcycle, has been shown to be used in more diverse ways than originally anticipated through test drives and interviews. We would like to thank you for your valuable feedback. Under these circumstances, we have begun discussions with Tokio Marine & Nichido to aim for a long-term, symbiotic collaboration as partners who will work together to resolve these social issues. The company’s management philosophy of “contributing to a rich and comfortable social life and economic development by providing ‘safety and security'” is also the most important tenet for our company, which advocates customer first.
The two companies agreed to share a vision for the future and work closely together to build a new mobility business model in Japan, leading to the conclusion of this collaboration agreement. Specifically, we plan to build a unique user support system for Vetrix based on Tokio Marine & Nichido’s extensive knowledge and insurance products. We are preparing to launch the service at the same time as the release of “I-Cargo” on October 1st, with a rich content of four-wheel vehicle standards that has never been seen before, and we will inform you as soon as the details are decided. It’s a schedule. Please look forward to it.