# ELLECT

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

- Industry: Industrial Machinery
- Headquarters: Busan, South Korea
- Website: www.ellect.co.kr/
- Total disclosed funding: $2.5M
- Latest round: Series A (Jun 2, 2026)
- Investors on record: 8

## About

Founded in 2023 and based in South Korea, Ellect operates as a developer of software and platforms specifically for electric excavators. In June 2026, ELLECT raised KRW 3.7 billion in series A funding from new investors E&Venture Partners, NVC Partners, Midas Donga Investment, Korea Credit Guarantee Fund, Series Ventures, Gyeongnam Venture Investment, Gyeongnam Creative Economy Innovation Center, and Busan United Holdings. Other unspecified investors also participated in this round.

The company will use the June 2026 funding in the mass production of electrified products, establish manufacturing facilities, expand certifications, expedite the entry into the overseas market and recruit key personnel.

## Funding rounds

- Series A, Jun 2, 2026, $2.5M — Midas Donga Investment, E&Venture Partners, Korea Credit Guarantee Fund, Busan United Holdings, Series Ventures, Gyeongnam Venture Investment, Gyeongnam Creative Economy Innovation Center, NVC Partners
- Seed, Aug 22, 2023 — Busan United Holdings

## Investors

- Busan United Holdings (https://capitalatlas.ai/funds/busan-united-holdings) — Seed, Series A
- Midas Donga Investment (https://capitalatlas.ai/funds/midas-donga-investment) — Series A
- E&Venture Partners (https://capitalatlas.ai/funds/e-venture-partners) — Series A
- Korea Credit Guarantee Fund — Series A
- Series Ventures (https://capitalatlas.ai/funds/series-ventures) — Series A
- Gyeongnam Venture Investment (https://capitalatlas.ai/funds/gyeongnam-venture-investment) — Series A
- Gyeongnam Creative Economy Innovation Center (https://capitalatlas.ai/funds/gyeongnam-creative-economy-innovation-center) — Series A
- NVC Partners (https://capitalatlas.ai/funds/nvc-partners) — Series A