# CHEXCAR

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Suwon, South Korea
- Website: www.chexcar.co.kr
- Total disclosed funding: $5.2M
- Latest round: Series B (Sep 9, 2024)
- Investors on record: 3

## About

Based in Suwon, South Korea, and founded in 2017, CHEXCAR Inc. operates as a provider of a one-stop merchandising platform that enables consumers to purchase used cars and provides efficient product quality control services to sellers. In 2018, the company expanded its Seongdong Integrated Certification Center Network and established a CHEXCAR Inc. affiliated research institute called CHEXCAR Lab. CHEXCAR Inc. made an agreement on commercialization service with car dealers Weborn Motors and FMK in 2019. In the same year, the company was selected for an initial startup R&D project with Soongsil University ICT technology development. In 2020, CHEXCAR Inc. made a business agreement with Lotte Rent-a-Car auto-care and a used car consignment operation and sales business agreement in 2021.

The company provides a used-car PDI service including mobile e-authentication, restoration, online remarketing, and business vehicle management.

## Funding rounds

- Series B, Sep 9, 2024, $5.2M — Korea Development Bank
- Series A, Jun 24, 2022 — KB Securities, Lotte Ventures

## Investors

- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series A
- Lotte Ventures (https://capitalatlas.ai/funds/lotte-ventures) — Series A
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B