AZAPA Co., Ltd. (Headquarters: Nagoya City, Aichi Prefecture; President and CEO: Yasuhiro Kondo; hereinafter "the Company") announces that it has received investment from DOGAN MGX Investment Limited Partnership (commonly known as DOGAN MGX Fund; hereinafter "the Fund"), managed by DOGAN Inc. (Headquarters: Fukuoka City, Fukuoka Prefecture; President and CEO: Daisuke Mori), and has entered into a business partnership agreement. About AZAPA Under the mission of "Creating inspiring and impactful solutions together with partners who challenge the limits," the Company has positioned itself as a "Tier 0.5" co-creation partner to automotive manufacturers in the automotive industry, leading vehicle design and development through advanced model-based development. In recent years, AZAPA has promoted the concept of "sector coupling," which optimally allocates local resources within communities by integrating mobility (EVs) and energy. The Company is actively developing conversion EVs (electric vehicles converted from gasoline-powered vehicles), swappable batteries, and off-grid charging stations. To date, through collaborations with local governments such as Ishigaki City in Okinawa Prefecture, AZAPA has steadily advanced real-world implementation of regional problem-solving models, including the off-grid charging station "E-STATION" for local consumption of renewable energy and emergency power supply during disasters, as well as pilot operations of battery-swapping EV systems. Regarding the Investment and Business Partnership The investment funds received from the Fund will be used to further advance the Company's initiatives in converting gasoline vehicles to EVs and related battery businesses. Under the newly established business partnership, AZAPA will collaborate with local governments, including those in Kyushu, to deploy regional decarbonization implementation models. The Company will also accelerate commercialization of conversion EVs and battery stations through coop