How much funding has Socar raised?

Socar has raised $168.7M in total funding, most recently a Series D round.

Who are Socar's investors?

Socar's investors include Bain Capital, NAVER, SK Group, Kakao Investment, Altos Ventures, SoftBank Ventures Asia.

Where is Socar headquartered?

Socar is headquartered in Seoul, South Korea.

Socar

IPO

Seoul, South Korea · Founded 2012 · $168.7M raised

Mobility

Headquarters: Seoul
Employees: 201–500
Founded: 2012
Business Model: B2C

Website: socar.kr
Total Funding: $168.7M
Last Round: $50.7M Series DOct 2020
Rounds: 5

About

Socar is South Korea's dominant mobility platform, holding an 82% share of the domestic car-sharing market. Founded in 2012, the company operates a station-based model where users locate nearby vehicles, unlock and lock them through its app, and complete in-app payments. Socar also offers corporate fleet solutions and has integrated generative AI into its car-sharing service. The company went public on the Korea Exchange in August 2022 and has partnerships with insurers such as AXA to offer embedded insurance products.

Summary

Socar is a Mobility company based in Seoul, South Korea, founded in 2012. It has raised $168.7M in total across 5 rounds, most recently a $50.7M Series D round in Oct 2020. Investors include Bain Capital, NAVER and SK Group.