# EV Modu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ev-modu

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.evmodu.kr
- Latest round: Seed (Jan 21, 2022)
- Investors on record: 3

## About

Based in Seoul, South Korea, and founded in 2019, Scalar Data, Inc., trading under the name EV Modu, operates as a mobile payment solutions provider for electric vehicles, enabling users to look for charging stations, book driver services, and monitor the status of their vehicles. The company was founded by former CEO Ye-chan Yoon. In July 2024, EV Modu raised KRW 3 billion in series A funding from Woori Bank and Korea Technology Finance Corporation.

Scalar Data, Inc. provides a mobile application that enables users to look for charging stations, book driver services, and monitor the status of their vehicles. The company’s flagship product, Modu Pay, is an NFC-based integrated payment solution that ensures transactions. Utilizing the Modu Card, users can earn up to 10% in points when making payments through Modu Pay, further enhancing the appeal of electric vehicle ownership.

## Funding rounds

- Seed, Jan 21, 2022 — CNT Tech
- Seed, Nov 24, 2021 — Bluepoint Partners
- Seed, May 1, 2020 — Korea Venture Investment Corporation

## Investors

- Korea Venture Investment Corporation (https://capitalatlas.ai/funds/korea-venture-investment-corporation) — Seed
- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed
- CNT Tech (https://capitalatlas.ai/funds/cnt-tech) — Seed