HW Electro Co., Ltd. (HWEP)
HW Electro was planning to go public, but the IPO was withdrawn on Apr 29, 2024.
IPO Price
$4.00
Shares Offered
3,750,000
Deal Size
$15.00M

Company Description

HW Electro commenced selling and delivering two models of electric light commercial vehicles, ELEMO and ELEMO-K, in Japan in April 2022 and July 2022, respectively, and have been working with Cenntro, our cooperating manufacturer, to produce them under our brand, “ELEMO,” in its factory in Hangzhou, China.

ELEMO is the first electric vehicle we sell and is the second electric light commercial vehicle that has ever been sold in Japan.

Since the inception of our operation, we have been leveraging the customizability and adjustability of our electric light commercial vehicles to attract corporations in different industries and local governments that have varying needs from their departments in Japan.

We have recently added a new model called “ELEMO-L,” a van-type electric vehicle that can be used for commercial and recreational camping purposes, which we expect may enable us to increase consumer market penetration

HW Electro Co., Ltd.
Country Japan
Founded 2019
Industry Auto Manufacturers
Sector Consumer Discretionary
Employees 14
CEO Weicheng Hsiao

Contact Details

Address:
301, Aomi 2-chome 7-4 the
SOHO, Koto-ku, Tokyo 135-0064
Japan
Phone (+81) 3-6457-1469
Website hwelectro.co.jp

Stock Details

Ticker Symbol HWEP
Exchange NASDAQ
Fiscal Year October - September
Reporting Currency USD
IPO Price $4.00
CIK Code 0001980262
SIC Code 3711

Key Executives

Name Position
Weicheng Hsiao Representative Director and Chief Executive Officer
Eiji Fujino Director
Hiroto Nagura Chief Financial Officer
Taisuke Otsubo Corporate auditor
Takashi Watanabe Corporate Executive Officer and Chief Marketing Officer
Hirotaka Ikeda Independent Director and Nomination and Corporate Governance Committee Member
Takayuki Tokoroda Independent Director and Nomination and Corporate Governance Committee Member
Yuri Konno Independent Director and Audit Committee Member
Koki Kawana Independent Director, Audit Committee Member, and Compensation Committee Member
Feng Wu Independent Director, Audit Committee Member, and Compensation Committee Member

Latest SEC Filings

Date Type Title
Aug 5, 2024 F-1/A [Amend] Registration statement for certain foreign private issuers
Apr 29, 2024 F-1 Registration statement for certain foreign private issuers
Apr 29, 2024 RW Filing
Apr 19, 2024 POS AM Post-Effective amendments for registration statement
Mar 20, 2024 SP 15D2 Filing
Mar 12, 2024 POS AM Post-Effective amendments for registration statement
Jan 4, 2024 FWP Free Writing Prospectus
Dec 29, 2023 EFFECT Notice of Effectiveness
Dec 29, 2023 EFFECT Notice of Effectiveness
Dec 21, 2023 F-1/A [Amend] Registration statement for certain foreign private issuers