# RideFlux Co.

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

- Industry: Software
- Headquarters: Jeju-si, South Korea
- Website: www.rideflux.com/
- Total disclosed funding: $33M
- Latest round: Series B (Oct 31, 2024)
- Investors on record: 15

## About

Based in South Korea, RideFlux Inc. offers AI-based software solutions for autonomous vehicles, focusing on enhancing safety and efficiency in transportation across urban and tourist environments.Founded in 2018, RideFlux Inc. is dedicated to developing autonomous driving systems. The company has undergone no notable pivots in its business strategy since inception. The CEO, Junghee Park, is among the founders, also including Adam Yun. Headquartered in South Korea, RideFlux has successfully raised KRW 13 billion in pre-IPO funding from Capstone Partners, Smart Study Ventures, and Nvestor in February 2026. The round was part of a larger KRW 33 billion pre-IPO funding. RideFlux specializes in providing full-stack software solutions for autonomous driving systems, aimed at enhancing safety and efficiency in transportation. The company's core products include the "Tamra Autonomous Vehicle" and the "Nemo Ride," which deliver self-driving services in various environments, including urban and tourist areas. Since 2020, these services have targeted specific use cases such as demand-responsive transportation between Jeju International Airport and designated locations, as well as long-distance autonomous rides. Services are currently operational in South Korea, particularly in Jeju Island and urban centers like Seoul, with strategic partnerships, including Kakao Mobility, enhancing their offerings.RideFlux generates revenue through partnerships and service contracts for its autonomous driving solutions, engaging in direct transactions with end users who utilize the "Tamra Autonomous Vehicle" and "Nemo Ride". Revenue structures include usage fees, subscriptions for regular users, and collaborations with local governments and transport agencies for broader deployment. Specific pricing details are not disclosed, but the recent Series B funding of KRW 26 billion further supports the company's revenue generation and growth in the autonomous transportation market. The company will use the February 2026 funding to prepare for a technological suitability review and pursue a special technology listing on the KOSDAQ market.

## Funding rounds

- Series B, Oct 31, 2024, $19M — Korea Investment & Securities, Atinum Investment, Industrial Bank of Korea, Korea Investment Partners, Yuanta Investment, Nvestor, Murex Partners, iM Investment Partners, Friend Investment Partners
- Series A, Dec 26, 2021, $14M — SBI Investment Korea, Atinum Investment, Seoul Investment Partners, Capstone Partners, SOCAR, Inc., Hyundai Investment Partners, Yellowdog

## Investors

- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series A
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series A, Series B
- Seoul Investment Partners (https://capitalatlas.ai/funds/seoul-investment-partners) — Series A
- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Series A
- SOCAR, Inc. — Series A
- Hyundai Investment Partners (https://capitalatlas.ai/funds/hyundai-investment-partners) — Series A
- Yellowdog (https://capitalatlas.ai/funds/yellowdog) — Series A
- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Series B
- Industrial Bank of Korea — Series B
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- Yuanta Investment (https://capitalatlas.ai/funds/yuanta-investment) — Series B
- Nvestor (https://capitalatlas.ai/funds/nvestor) — Series B
- Murex Partners (https://capitalatlas.ai/funds/murex-partners) — Series B
- iM Investment Partners (https://capitalatlas.ai/funds/im-investment-partners) — Series B
- Friend Investment Partners (https://capitalatlas.ai/funds/friend-investment-partners) — Series B