Nippon Express (NX Group) Invests in Spiral Inc.

August 23, 2024

Nippon Express Holdings, Inc. (NX Group) — via its NX Global Innovation Fund — acquired a minority stake in Spiral Inc., a Tokyo-based developer of indoor autonomous drone flight control systems, on August 23, 2024. The investment is intended to support Spiral’s expansion into Europe (including a planned Vienna subsidiary) and to allow NX Group to integrate Spiral’s technology into its logistics services via its cargo‑partner subsidiary.

Buyers
Nippon Express Holdings, Inc. (NX Group), NX Global Innovation Fund
Targets
Spiral Inc.
Location
Tokyo, Japan
Transaction Type
Growth capital

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