# 42dot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/42dot

- Industry: Transportation Services
- Headquarters: Seoul, South Korea
- Website: www.42dot.ai
- Total disclosed funding: $92M
- Latest round: Series A (Jan 20, 2022)
- Investors on record: 14

## About

Founded in 2019 and based in Seoul, South Korea, 42dot Inc. operates as a provider of a suite of integrated mobility services that include an autonomous transportation-as-a-service platform, car-sharing, ride-hailing, and food delivery services. In August 2022, Hyundai Motor Company and Kia acquired a 95.1% majority stake in 42dot Inc. for KRW 427.7 billion.

The company operates UMOS, a cloud-based mobility platform that will accelerate the transition to autonomous transportation-as-a-service, or aTaaS, with diversified self-driving ground and airborne vehicles. The platform boasts functionality that spans all layers of aTaaS, a user interface that provides access to connected mobility and lifestyle services, smart algorithms for fleet dispatching and management, cutting-edge extra-definition map and routing technology, and autonomous machines. Supporting UMOS also provides different autonomous driving and mobility services such as UMOS Connect, UMOS Network, UMOS Algorithms, UMOS Map, and UMOS Autonomous.

The acquisition of 42dot in August 2022 was intended to support Hyundai Motor Company in transforming from a manufacturer of traditional ICE vehicles to an intelligent mobility company.

## Funding rounds

- Series A, Jan 20, 2022, $3.3M — Posco Investment
- Series A, Oct 29, 2021, $88M — Shinhan Capital, IMM Investment, Shinhan Bank, CJ Investment, Hyundai Motor Company, STIC Ventures, DA Value Investment, We Venture Partners, Winvest Venture Capital, Lotte Ventures, LIG Nex1, Lotte Rental, Kia

## Investors

- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series A
- Shinhan Bank — Series A
- CJ Investment (https://capitalatlas.ai/funds/cj-investment) — Series A
- Hyundai Motor Company — Series A
- STIC Ventures (https://capitalatlas.ai/funds/stic-ventures) — Series A
- DA Value Investment (https://capitalatlas.ai/funds/da-value-investment) — Series A
- We Venture Partners (https://capitalatlas.ai/funds/we-venture-partners) — Series A
- Winvest Venture Capital (https://capitalatlas.ai/funds/winvest-venture-capital) — Series A
- Lotte Ventures (https://capitalatlas.ai/funds/lotte-ventures) — Series A
- LIG Nex1 — Series A
- Lotte Rental — Series A
- Kia — Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A