# Yulim-Tech Co.

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: South Korea
- Website: www.yulim-tech.kr
- Total disclosed funding: $5.8M
- Latest round: Series A (Apr 1, 2021)
- Investors on record: 2

## About

Based in Gyeongsangbuk-do, South Korea, and founded in 2015, Yulim-Tech Co., Ltd operates as an automobile parts manufacturing company that provides its clients with a mass production plant that can cast, process, and assemble electric automobile parts. In July 2023, YULIM TECH raised KRW 15 billion in venture debt financing led by BTC Investment, Soo Investment Capital, and Lindeman Asia. As of 2023, the company is led by its CEO Cho Hyun-ho.

The firm manufactures various automobile parts for its clients which include HSG which is a device connected to the engine by a belt and uses the electrical energy of the battery to start the engine, HPCU (Hybrid power control unit) which is an integrated controller for hybrid cars. It also develops components like a traction motor and onboard charger. It also has an electric global modular platform built for electric vehicles.

As of 2022, the firm has generated a revenue of KRW 68 billion, an operating profit of KRW 3.5 billion, and a net profit of KRW 1.3 billion.

The company plans to use the July 2023 funding to expand its facilities and strengthen production capacity as orders from automakers have increased, and also speeds up its initial public offerings (IPOs).

## Funding rounds

- Series A, Apr 1, 2021, $5.8M — A Ventures, IB VENTURE PARTNERS

## Investors

- A Ventures — Series A
- IB VENTURE PARTNERS — Series A