Nippon Express (NX Group) Invests in Spiral Inc.

September 5, 2024

Nippon Express Holdings, through its NX Global Innovation Fund, acquired a minority stake in Tokyo-based Spiral Inc., a startup that develops the MarkFlex Air autonomous indoor drone flight control system. The investment aims to support Spiral’s overseas expansion (including plans for a Vienna subsidiary), accelerate adoption of indoor drones at logistics and construction sites, and deepen NX Group’s capabilities in logistics and infrastructure inspection solutions.

Buyers
NIPPON EXPRESS HOLDINGS, INC., NX Global Innovation Fund (NX Group)
Targets
Spiral Inc.
Location
Tokyo, Japan
Transaction Type
Growth capital

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