Luup raises $30M ahead of Japan’s new micromobility rules

Japanese shared micromobility startup Luup has raised $30 million (4.5 billion yen) in a Series D financing round, which consists of 3.8 billion yen in equity and 700 million yen in debt.
Luup has now amassed a total of $68 million in equity, debt, and asset financing to date, at what sources said valued the firm at over $100 million. The company declined to comment on the valuation.
In light of the sector’s growing popularity, the Japanese government has been proactive in loosening e-scooter regulations to further stimulate the micromobility industry. Starting this July, amendments to t

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