On June 16, 2024 Tier IV, Inc. closed the transaction. The company has received ¥8,600 million in its second and final tranche. The company raised a total of ¥20,700 million in the transaction.

The company has received ¥38,100 million in funding till date. The transaction included participation from new investor Suzuki Motor Corporation. Suzuki Motor Corporation (TSE:7269)