Socar
IPO쏘카 | 차가 필요할 땐, 쏘카
Seoul, South Korea · Founded 2012 · $168.7M raised
- Headquarters
- Seoul, 제주특별자치도
- 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.
Tech & App Stack
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Funding History
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Aug 2022
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Investors
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