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The establishment of a joint venture company Between SIM-Drive Corporation and Tokyo R&D Co., Ltd

SIM-Drive Corporation
Tokyo R&D Co., Ltd.

　 SIM-Drive Corporation (Head Office: Kawasaki-shi, Kanagawa-pref., President: Hiroshi Shimizu, hereafter called “SIM-Drive”) and Tokyo R&D Co., Ltd. (Head Office: Chiyoda-ku, Tokyo, President & CEO: Masao Ono, hereafter called "Tokyo R&D") jointly established "stEVe Inc." (hereafter called stEVe) on July 21, 2011 as a joint venture which operates in the field of converted electric vehicle developments.

　stEVe (SIM-Drive, Tokyo R&D Electric Vehicle Engineering), will focus on the development, manufacturing and sales of converted electric vehicles using the SIM-Drive components and technology and the associated intellectual properties. The vision of the founders is to contribute to the fast growth and distribution of electric vehicles as they see Electric Vehicles as an essential contribution to solve energy & environmental issues like global warming.

» Please see the link below for details. 　（0804steve_eng.pdf）

Outline - stEVe Inc.

【Company Name】	stEVe Inc.
【Head Office】	1516 Aiko, Atsugi-shi, Kanagawa-pref.
【Business Activities】	Development, manufacturing and sales of converted electric vehicles using SIM-Drive motor devices and administration of associated intellectual properties
【Fiscal Year】	April 1st to March 31st
【Establishment】	July, 2011
【Capital】	10 million JPY
【Board of Directors】	President: Masao Ono (President & CEO, Tokyo R&D)
	Executive Vice President: Kenichi Harada (General Manager Corporate Management Co-ordination Division, SIM-Drive）
	Director: Kiyoto Takeda（General Manager, Tokyo R&D)
	Director: Naotake Kumagai（General Manager,In-Wheel Motor Development Division, SIM-Drive）
	Auditor: Akio Kaneko（CFO, Tokyo R&D）
	Auditor: Markus Schaedlich (Co-founder & Managing Partner, CBI Partners, Senior Consultant: SIM-Drive)
【Fiscal Term】	March
【Share Holders】	SIM-Drive　50％、Tokyo R&D　50％
【URL】	http://www.st-ev-e.co.jp/

» Tokyo R&D Co., Ltd.／Corporate Outline 　

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