NIPPON EXPRESS HOLDINGS ACQUIRES JAPAN’S STARTUP INSTALIMB STAKE

KUALA LUMPUR, March 6 (Bernama) -- Nippon Express Holdings Inc acquired an equity stake in Instalimb Inc (Instalimb), which is expanding its 3D-printed prosthetics business in the Philippines, India and elsewhere overseas, as an NX Global Innovation Fund investment on Feb 29.

According to a statement, the Nippon Express (NX) Group is striving to enhance its corporate value and resolve social issues to realise the group's long-term vision of becoming a logistics company with a strong presence in the global market.

Through this investment, the group will be assisting Instalimb's business expansion from a logistics perspective and supporting the provision of prosthetic limbs in Asian countries such as the Philippines and India and, in future, emerging countries in Africa and other regions as well.

Instalimb is a Japanese startup which develops new digital manufacturing solutions using 3D printing and artificial intelligence technology, employing these to manufacture and sell 3D-printed prosthetic legs overseas at one-tenth the conventional price and with a shorter delivery time.

The NX Group will continue addressing social issues through business collaboration with startups in Japan and overseas to help bring about sustainable societies where all people can lead affluent and fulfilling lives.

As a global logistics company since 1937, the group provides high-quality logistics services in 50 countries/regions utilising aircraft, ships, railways, and trucks as well as warehouse facilities and information technology systems.

-- BERNAMA