Hyundai Motor

Hyundai Motor Company, established in 1967 and headquartered in Seoul, South Korea, is a prominent global automotive manufacturer. The company produces a wide range of vehicles, including cars, SUVs, trucks, and eco-friendly models under various brand names such as Sonata, Elantra, and IONIQ. Hyundai operates through three primary segments: Vehicle, Finance, and Others. The Vehicle segment is the largest, focusing on the manufacturing and sale of automobiles, while the Finance segment provides vehicle financing and related services. Additionally, the Others segment encompasses research and development, train manufacturing, and other activities. Hyundai has a strong presence in India through its subsidiary, Hyundai Motor India Limited, which is a leading passenger car exporter in the country. The company is also involved in strategic partnerships, including collaborations for electric vehicle development, and maintains a commitment to sustainability and innovative automotive technologies.

Euisun Chung

Co-CEO and Executive Chair

Ju-yung Chung

Founder

Tarun Garg

COO

In Cheol Lee

Executive Vice President and Head of Commercial Vehicle Division

Koby Simana

Venture Investment Manager

Sukhwan Yun

Senior Investment Manager (CVC) / Head of Operation at CRADLE Berlin

Past deals in Transportation

42dot

Corporate Round in 2023
42dot is a technology company based in Seoul, South Korea, focused on advancing urban mobility through its innovative Urban Mobility Operating System (UMOS). Founded in 2019, 42dot is developing a cloud-based platform that integrates various autonomous vehicles, including self-driving cars, drones, and automated delivery robots, to offer seamless transportation services. By facilitating the transition to autonomous transportation-as-a-service (aTaaS), 42dot aims to enhance mobility solutions in urban environments, making transportation more efficient and accessible.

Coconut Silo

Pre Seed Round in 2020
Coconut Silo is an in-house startup of Hyundai Motor Group focused on enhancing mobility solutions, particularly in the logistics sector. The company offers a platform that aims to streamline cargo transportation, especially in developing countries. Its flagship service, CocoTruck, allows users to receive their orders within five minutes. Utilizing specialized algorithms for cargo tracing and route visualization, Coconut Silo's platform enables customers to monitor their cargo owners, logistics companies, and drivers in real-time. This approach facilitates better resource management for logistics providers and enhances the overall efficiency of the transportation process.

Arrival

Corporate Round in 2020
Arrival Limited is a technology company based in London that specializes in manufacturing electric vehicles. Founded in 2015, the company focuses on developing software, materials, components, and scalable skateboard platforms, which serve as the foundation for its electric vehicles. Arrival's innovative approach includes the use of micro-factories, enabling efficient production and adaptation to various mobility ecosystems while minimizing capital expenditure. This model allows the company to produce zero-emission vehicles tailored to the needs of urban environments and aims to enhance public transportation through intelligent design. In addition to its headquarters in the United Kingdom, Arrival operates offices in Germany, the Netherlands, Israel, Russia, and the United States.

macaron TAXI (KST Intelligence)

Corporate Round in 2019
macaron TAXI (KST Intelligence) is a cab chauffeur app

Aurora

Series B in 2019
Aurora Innovation, Inc. is a technology company focused on developing software and hardware solutions for self-driving vehicles. Founded in 2016 and headquartered in Palo Alto, California, the company also has offices in the Bay Area, Bozeman, Pittsburgh, and Dallas. Aurora's primary product, the Aurora Driver, aims to transform transportation by integrating with automakers, logistics services, mobility services, and fleet management providers. The company's mission is to enhance the movement of people and goods through advanced engineering and machine learning, addressing significant challenges in the transportation sector.

42dot

Seed Round in 2019
42dot is a technology company based in Seoul, South Korea, focused on advancing urban mobility through its innovative Urban Mobility Operating System (UMOS). Founded in 2019, 42dot is developing a cloud-based platform that integrates various autonomous vehicles, including self-driving cars, drones, and automated delivery robots, to offer seamless transportation services. By facilitating the transition to autonomous transportation-as-a-service (aTaaS), 42dot aims to enhance mobility solutions in urban environments, making transportation more efficient and accessible.

Ola

Corporate Round in 2019
Ola is a mobile technology platform based in India that connects passengers with a variety of transportation options, including cabs, auto-rickshaws, bikes, and shuttle buses. Founded by Ankit Bhati and Bhavish Aggarwal in December 2010, the company operates its services through a mobile application available on Windows, Android, and iOS platforms. Ola's platform is designed to provide convenient and transparent ride-hailing services, enabling users to book city taxis, outstation travel, car rentals, and corporate travel. With its headquarters in Bengaluru and additional offices across the country, Ola aims to enhance urban mobility by offering a broad network of transportation solutions. Additionally, Ola Café focuses on delivering food from top-rated local restaurants to customers within 20 minutes, further diversifying the company’s offerings.

Immotor

Series B in 2018
Immotor is a company based in Shenzhen, China, that specializes in the development and sale of portable and personal transport systems. Founded in 2016, the company offers a range of innovative products, including the Immotor GO, a portable motorized scooter, and the Immotor Super Battery, which serves as a power management source. Additionally, Immotor provides the Immotor Cloud, a tool for remote control and fleet management of the Immotor GO. The company also focuses on intelligent battery swapping systems and offers battery-as-a-service solutions for electric motorcycles and lightweight electric vehicles. Immotor is committed to promoting cleaner energy and zero emissions through its advanced technologies and products designed for outdoor activities.

Vroong

Series E in 2018
VROONG, a brand under Mesh Korea, is a prominent player in the last-mile logistics sector, known for its innovative approach to delivery services. It offers a range of solutions including premium delivery services through 'VROONG Prime', an integrated logistics management solution called 'VROONG TMS', fresh food delivery with 'VROONG Fresh', and a delivery magazine known as 'VROONG Collection'. VROONG boasts over 80 stations and a network of 13,000 riders across South Korea, enabling it to provide fast and reliable delivery services. The company leverages its platform to enhance the efficiency of the delivery process, connecting logistics companies, restaurants, and local stores through a streamlined application. This integration fosters a systematic logistics network, positioning VROONG as a key innovator in the industry.

Immotor

Series A in 2018
Immotor is a company based in Shenzhen, China, that specializes in the development and sale of portable and personal transport systems. Founded in 2016, the company offers a range of innovative products, including the Immotor GO, a portable motorized scooter, and the Immotor Super Battery, which serves as a power management source. Additionally, Immotor provides the Immotor Cloud, a tool for remote control and fleet management of the Immotor GO. The company also focuses on intelligent battery swapping systems and offers battery-as-a-service solutions for electric motorcycles and lightweight electric vehicles. Immotor is committed to promoting cleaner energy and zero emissions through its advanced technologies and products designed for outdoor activities.

LUXI Co. Ltd.

Series B in 2017
LUXI Co., Ltd. is a South Korean company based in Seongnam-si, specializing in ride-sharing services through its application, LUXI. Founded in 2014, the platform connects drivers and passengers with similar commute routes, promoting a carpool culture aimed at addressing traffic congestion and environmental issues. LUXI offers users a convenient and cost-effective way to share rides, enhancing the commuting experience for both drivers and passengers. The company focuses on creating a safe and enjoyable environment for users while providing daily carpooling and car rental services at reasonable rates.
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