# READIROBUSTMACHINE CO.

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

- Industry: Power & Utilities
- Headquarters: Gimhae, South Korea
- Website: www.readi.co.kr
- Total disclosed funding: $5.4M
- Latest round: Series A (Jul 1, 2024)
- Investors on record: 5

## About

Based in Busan, South Korea, and founded in 2021, READi Robust Machine, also known as READi, develops, manufactures, and distributes a carbon reduction fuel efficiency improvement system that assists the operation of construction equipment and the internal combustion engine by storing and recovering potential energy generated from construction equipment. In July 2024, READi Robust Machine raised KRW 7.4 billion in series A funding led by new investor Quantum Ventures Korea. New investors Korea Development Bank and Korea Technology Finance Corporation along with returning investor Strong Ventures also participated in this round. READi Robust Machine is a designer of an energy recovery system has created a technique that can transform standard excavators into ecologically friendly equipment. The company's technology is easy to install on any excavator and successfully catches the potential energy created by the excavator's arm, resulting in improved fuel efficiency and lower carbon emissions for users. The company will use the funding in July 2024 to expand its product line and launch full-scale sales activities.

## Funding rounds

- Series A, Jul 1, 2024, $5.4M — Korea Development Bank, Korea Technology Finance Corporation, Strong Ventures, Quantum Ventures Korea
- Seed, Jan 20, 2022 — Primer

## Investors

- Primer (https://capitalatlas.ai/funds/primer) — Seed
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- Korea Technology Finance Corporation — Series A
- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Series A
- Quantum Ventures Korea (https://capitalatlas.ai/funds/quantum-ventures-korea) — Series A