About Elephantech

Elephantech Inc. is a start-up that manufactures and sells single-face flex PCB that are manufactured in an environmentally friendly manner by utilizing inkjet printing and copper plating under the mission of ”Making the world sustainable with new manufacturing technologies“.

Moving forward, we will work not only on flex PCB manufacturing but also on printing a wide variety of functions such as 3D wiring formation or sensor production through a method in which digital data is used to layer various materials only on necessary parts.

We will realize a sustainable future by spreading our environmentally friendly technology that has been optimized by digital technologies.

Company Overview

Name Elephantech Inc.
Representative Shinya Shimizu, CEO
Establishment January 2014
Capital JPY 506,040,000
Address 4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan
URL https://www.elephantech.co.jp/en/
Email hello_en@elephantech.co.jp
Business description Development of printed electronics manufacturing technology and provision of related services


2014 Jan.

Founded AgIC Inc.


Raised $80K on Kickstarter


Won Microsoft Innovation Award 2014


Won TechCrunch startup battle 2014

2015 Jan.

Raised JPY100M on an angel round


Announcement of AglC large-sized prints at SXSW

2016 Feb.

Raised JPY175M on a series A round from Beyond Next Ventures

2017 May

Started “AgIC on-demand AP-2”, the world’s first inkjet-based flexible PCB manufacturing service


Changed corporate name from AgIC Inc. to Elephantech Inc.

Raised JPY500M on a series B round from Innovation Network Corporation of Japan, Beyond Next Ventures, and Daiwa Corporate Investment


Started production of 50μm P-Flex™

2018 Jan.

Moved to Hatchobori and started the operation of our 2nd factory


We started production and sales of P-Flex™ PI


We started production of bioelectrodes and electrochemical sensors

2019 Feb.

we have achieved the international standards certifications ISO9001 and ISO14001


Epson and Startup Elephantech Forge Capital and Business Ties


(As of August, 2019)

Management Team

Co-founder & CEO, Board Member
Shinya Shimizu
Master of electronics and information engineering, Graduate School of Information Science and Technology, University of Tokyo
2012: Joined McKinsey & Company and provided consultancy service mainly to manufacturers in Japan.
January 2014: Co-founded AgIC Inc. and became CEO.
Co-founder & SVP, Board Member
Masaaki Sugimoto
M.S., Earth and Planetary Science, Graduate School of Science, University of Tokyo
Coursework completed without obtaining a degree, doctorate program, Graduate School of System Design and Management, Keio University
January 2014: Co-founded AgIC Inc. and became Board Member and Vice President.
Junji Takeo
Executive Officer & CTO
Junji Takeo
Graduated from Department of Physical Electronics, Graduate School of Science and Engineering Tokyo Institute of Technology
2014: Joined Nikon Corporation, worked on the development of processes using semiconductor production equipment
February 2016: Joined Elephantech Inc.
March 2019: Appointed Executive Officer & CTO at Elephantech Inc.
Tomihisa Kamada
Non-executive Director
Tomihisa Kamada
Founder and CEO, TomyK Ltd.
Co-Founder and former CEO, ACCESS Co., Ltd.
January 2014: Appointed as Non-executive Director at Elephantech Inc.
Tsuyoshi Ito
Non-executive Director
Tsuyoshi Ito
Managing Partner, Beyond Next Ventures
March 2016: Appointed as Non-executive Director at Elephantech Inc.
Shinji Ohshige
Non-executive Director
Shinji Ohshige
Managing Director, Innovation Network Corporation of Japan
September 2017: Appointed as Non-executive Director at Elephantech Inc.
Kengo Ueha
Non-executive Auditor
Kengo Ueha
Partner, Beyond Next Ventures
March 2016: Appointed as Outside Company Auditor at Elephantech Inc.


4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan

Open in Google Maps

  • 4 min. from Takaracho Station on the Toei Asakusa Line
  • 6 min. from Hatchobori Station on the Tokyo Metro Hibiya Line or the JR Keiyo Line
  • 7 min. from Kyobashi Station on the Tokyo Metro Ginza Line
  • 8 min. from Shintomicho Station on the Tokyo Metro Yurakucho Line


Historical Products

We used to offer various products and services with another ink until July 2017. Here is a collection of these discontinued products and services.

These products below are unavailable.

Technical support of these products will also end at the end of 2017. Meanwhile, please contact us athello_en@elephantech.co.jp.

Printer & Marker

Elephantech started with a printer which prints silver ink on paper. Then the same technology was applied to a marker that you can draw circuits on paper with.


Printing and drawing circuits are great, but you need various components at the end. Our next challenge was to build the environment, so we designed some kits.

Manufacturing Service

It was a big decision to focus on the industrial services. Improving the quality to spread our circuit printing technology requires customized facilities, which led us to build our own factory and offer a PCB manufacturing service.