Press Release
Capital and business alliance with Quol Area Management, promoting community development through area-management
July 08, 2024
Chubu Electric Power Co.,Inc.
Chubu Electric Power has agreed with Quol Area Management Co., Ltd. (Representative Director: Tomomi Kurihara, Location: Shibuya-ku, Tokyo; "Quol Area Management") to a business alliance ("the alliance") in community development business centered on area-management (Note). We also have acquired approximately 17.5% of Quol Area Management's shares by subscribing to a third-party allotment of new shares conducted by the company.
Quol Area Management is a subsidiary company that spun off its area-management operation business from Quol Co., Ltd. (Representative Director: Tomomi Kurihara, Location: Shibuya-ku, Tokyo) which has a wealth of experience in area-management. Through new community development methods such as area-management, the company aims to create a lively community, brand the area, and foster a sense of attachment and belonging to the community, thereby realizing "a community you want to live in for a long time".
Based on the alliance, Chubu Electric Power, together with Quol Area Management, will develop a community development business anchored by area-management, utilizing content that will lead to the creation of new attractive features and value enhancement for local communities, including energy, mobility, food and agriculture, and other areas that we have been working on.
The Chubu Electric Power Group will continue to accelerate the provision of "new forms of community" through services that improve the quality of life for customers.
The investment will be made from Chubu Electric Power Community Support Fund 2, a corporate venture capital established in November 2023 as an internal fund to speed up investment in venture companies with cutting-edge technologies and innovative business models as well as venture investment funds.
(Note) Proactive efforts by residents, business owners, landowners, etc. to maintain and improve the good environment and community values in the community (from Area Management Promotion Manual by the Ministry of Land, Infrastructure, Transport and Tourism).
<Reference>Company Profile of Quol Area Management Co., Ltd.
Company Name |
Quol Area Management Co., Ltd. |
---|---|
Representative |
Tomomi Kurihara, Representative Director |
Headquarters |
101 Mitake Bldg. 6-16-7 Jingumae, Shibuya-ku, Tokyo |
Capital |
3,000,000 yen |
Established |
June 3, 2024 (Established by corporate separation from Quol Co., Ltd.) |
Business Activities |
Area-management operation business, real estate management business, etc. |