# J'CAR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/j-car

- Industry: Transportation Services
- Headquarters: Gwangju, South Korea
- Website: www.jecar.co.kr
- Total disclosed funding: $7.4M
- Latest round: Series B (Oct 26, 2021)
- Investors on record: 7

## About

Based in South Korea, J'CAR is a company that provides innovative technology solutions across various sectors, enhancing operational efficiency and productivity for its clients worldwide.J'CAR, founded in 2016, operates from Gwangju, South Korea, specializing in advanced technology solutions. The CEO, Oh-soon Kang, leads the company, which has secured KRW 5.6 billion in Series B funding from investors including Halla Holdings Corp. and Kia Motors Corporation in October 2021. J'CAR has completed a total of 4 deals, with its most recent deal date being October 26, 2021.J'CAR specializes in innovative solutions designed for diverse industries, addressing specific challenges in technology, manufacturing, and consumer goods sectors. By leveraging advanced technology, J'CAR provides tools and platforms that enhance operational efficiency and productivity. Their offerings, which include both subscription services and direct sales, cater to a broad clientele across Asia and North America, ensuring relevance to evolving customer needs.J'CAR's revenue model is based on a combination of subscription services and direct sales, engaging effectively with B2B clients and individual consumers. Clients subscribe to service tiers that grant access to the company's flagship products, tailored to specific industry demands. The pricing strategy offers competitive value while supporting sustainable growth.In October 2021, J'CAR raised KRW 5.6 billion in Series B funding, which will support the introduction of 3G electric vehicles and the operation of 1,000 vehicles by 2023. The company plans to expand its service area to Busan, Ulsan, and Gyeongnam, including the metropolitan region, enhancing its market presence in South Korea.

## Funding rounds

- Series B, Oct 26, 2021, $4.8M — Hyundai Venture Investment, Magna Investment, Kia Motors Corporation, Halla Holdings Corp.
- Series A, Jan 29, 2019, $2.7M — Korea Development Bank, L&S Venture Capital, BNK Venture Capital

## Investors

- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Series A
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series A
- Hyundai Venture Investment (https://capitalatlas.ai/funds/hyundai-venture-investment) — Series B
- Magna Investment (https://capitalatlas.ai/funds/magna-investment) — Series B
- Kia Motors Corporation — Series B
- Halla Holdings Corp. — Series B