# AutoL Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/autol-co

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Seongnam, South Korea
- Website: www.autol.co.kr
- Total disclosed funding: $7.7M
- Latest round: Series A (Oct 5, 2022)
- Investors on record: 11

## About

Based in South Korea, AutoL Co.,Ltd. specializes in advanced LiDAR sensor solutions that serve various sectors, including autonomous driving, industrial robotics, and smart city infrastructure.AutoL Co.,Ltd. was founded in 2021 and operates from Seongnam, South Korea. The company focuses on developing innovative LiDAR technology. Its founder, Aaron Park, has a history of entrepreneurship in the tech sector. AutoL has completed three deals, with the latest round of funding being a Series A that raised KRW 11 billion on October 5, 2022. Notable investors in this round included Autonomous a2z, DSC Investment, and Hyundai Motor Zero One, among others.AutoL specializes in advanced LiDAR sensor solutions targeted at various sectors, including autonomous driving, industrial robotics, security, and smart city infrastructure. The company's core product offerings consist of high-precision LiDAR sensors designed for Level 3 autonomous driving applications, enhancing vehicle automation and safety through accurate distance measurement and object detection. Additionally, AutoL provides LiDAR systems that support logistics and industrial robots, offering high-resolution mapping and dependable operation in diverse settings. These products are deployed across Asia, North America, and Europe, catering to automotive manufacturers, robotics firms, and urban planners.AutoL generates revenue primarily through direct B2B sales of its LiDAR sensor products, as well as ODM and OEM partnerships. Its competitive pricing makes its offerings about one-fifth the cost of traditional LiDAR solutions, enabling access to a broader range of industries. Transactions typically occur via contract agreements, with clients purchasing sensors in bulk, supplemented by ongoing support and maintenance. The flagship products, which feature high durability and long-range detection of up to 250 meters, are targeted at sectors such as autonomous driving, security, and construction.Following the Series A funding of KRW 11 billion raised on October 5, 2022, AutoL plans to utilize the funds to enhance its product development team, aiming to improve its LiDAR products for mass production in autonomous driving, defense, security, and transportation infrastructure. The company is also focusing on expanding into new geographic markets, with particular attention to the North American and European regions by 2024.

## Funding rounds

- Series A, Oct 5, 2022, $7.7M — Seoul Investment Partners, DSC Investment, Posco Investment, L&S Venture Capital, Schmidt, K & Investment Partners, Autonomous A2Z Co., Ltd., Hyundai Motor Zero One, HYUNDAI WIA CORP., HANA Micron Corporation
- Seed, Oct 1, 2021 — Korea Tech Incubator for Startup, Schmidt

## Investors

- Korea Tech Incubator for Startup — Seed
- Schmidt (https://capitalatlas.ai/funds/schmidt) — Seed, Series A
- Seoul Investment Partners (https://capitalatlas.ai/funds/seoul-investment-partners) — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A
- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Series A
- K & Investment Partners (https://capitalatlas.ai/funds/k-investment-partners) — Series A
- Autonomous A2Z Co., Ltd. — Series A
- Hyundai Motor Zero One — Series A
- HYUNDAI WIA CORP. — Series A
- HANA Micron Corporation — Series A