SOCAR
Socar is a Korean eco-friendly car sharing community that allows travelers to share cars with others who are traveling the same route. Socar has raised an $18 million round of funding in 2015 which was one of the highest funding deals for a South Korean startup to date. Most notably, it was led by a US investor: Bain Capital, a private investment firm with $80 billion in assets under management. Socar was founded in March 2012, and it has a website and smartphone apps that let users book cars for their own use. Service has over 1,700,000 registered users, 50,000 of whom use the service each month. Around 80,000 transactions per month — that’s more than one car booking each 30 seconds.
SOCAR
Industry:
Car Sharing Communities Transportation
Founded:
2012-03-10
Address:
Busan, Pusan-jikhalsi, South Korea
Country:
South Korea
Website Url:
http://www.socar.kr
Total Employee:
101+
Status:
Active
Contact:
82 1 661 3315
Total Funding:
407.81 M USD
Technology used in webpage:
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Current Employees Featured
Jimahn Kim Chief Executive Officer @ Socar
Chief Executive Officer
2011-11-01
Yunjung An Financial Planning Manager @ Socar
Financial Planning Manager
DaeHyun Kim System Engineer @ Socar
System Engineer
2013-11-01
Ryeongaeng Lee Employee @ Socar
Employee
Youngmok Kim Head of Sharing Group @ Socar
Head of Sharing Group
2018-06-01
KyungJae Woo Director of Engineering Managing Unit @ Socar
Director of Engineering Managing Unit
2022-01-01
Founder
Stock Details
Acquisitions List
| Date | Company | Article | Price |
|---|---|---|---|
| 2019-07-19 | CHACARE | CHACARE acquired by Socar | N/A |
| 2019-04-17 | POLARIANT | POLARIANT acquired by Socar | N/A |
| 2018-07-18 | VCNC | VCNC acquired by Socar | N/A |
Investors List
LOTTE rental
LOTTE rental investment in Corporate Round - Socar
SG Private Equity
SG Private Equity investment in Series F - Socar
LB Private Equity
LB Private Equity investment in Series E - Socar
Softbank Ventures Asia
Softbank Ventures Asia investment in Series E - Socar
Softbank Ventures Asia
Softbank Ventures Asia investment in Series D - Socar
Stonebridge Ventures
Stonebridge Ventures investment in Series D - Socar
KB Investment
KB Investment investment in Series D - Socar
Altos Ventures
Altos Ventures investment in Series D - Socar
SK Holdings
SK Holdings investment in Series C - Socar
Premier Partners
Premier Partners investment in Series C - Socar
Official Site Inspections
http://www.socar.kr Semrush global rank: 478.78 K Semrush visits lastest month: 106.25 K
- Host name: server-18-239-168-62.bos50.r.cloudfront.net
- IP address: 18.239.168.62
- Location: United States
- Latitude: 37.751
- Longitude: -97.822
- Timezone: America/Chicago
More informations about "Socar"
Socar - Crunchbase Company Profile & Funding
Socar Car Sharing: A service allowing users to rent cars for short periods, with options to pick up vehicles from nearby Socar zones or have them delivered to a convenient location. Socar App: …See details»
SOCAR KOREA - LinkedIn
Socar was founded in March 2012, and it has a website and smartphone apps that let users book cars for their own use. Service has over 1,700,000 registered users, 50,000 of whom use the service ...See details»
SoCar is first Korean mobility start-up valued over 1 …
Oct 16, 2020 Car-sharing app SoCar became the first mobility start-up in Korea to be valued above 1 trillion won ($873 billion), the company said Friday. ... BY SONG KYOUNG-SON [song.kyoungson@joongang.co.kr] SoCar Tada …See details»
SOCAR Inc. (KRX: 403550) Company Profile & Overview - Stock …
Nov 15, 2024 SOCAR Inc. operates as a mobility company in South Korea. It provides car sharing services. The company was founded in 2011 and is headquartered in Jeju-si, South …See details»
Org Chart Socar Co. - The Official Board
The organizational chart of Socar Co. displays its 21 main executives including Jimahn Kim, Susie Kim and Andrew Jang. Toggle navigation The Official Board. Search. Search. Search by …See details»
Car sharing startup Socar becomes 12th unicorn in S.
Oct 16, 2020 Car sharing firm Socar said Friday that it has newly attracted 60 billion won of funding from investors, achieving unicorn status with a corporate value of 1 trillion won ($872.6 million). With ...See details»
Regulator OKs Lotte Rental's additional stake purchase in SoCar
Jan 31, 2024 The antitrust regulator said Wednesday it has approved Lotte Rental's acquisition of an additional 19.7 percent stake in car-sharing startup SoCar.See details»
Korean car-sharing startup SOCAR has filed for an IPO
Jan 5, 2022 SOCAR also invested in autonomous driving startup RideFlux in 2018. The 11-year-old firm started the car-sharing service with 100 rental cars in Jeju in 2011 and launched its mobile app in 2012.See details»
Regulator OKs Lotte Rental's additional stake purchase in SoCar
Jan 31, 2024 The Korean leading car rental agency affiliated with retail giant Lotte Group reported its planned purchase of a 17.91 percent stake in SoCar in September last year and …See details»
Car-sharing platform SoCar to go public this month - The Korea …
Aug 3, 2022 South Korean car-sharing company SoCar said Wednesday it planned to debut in the nation‘s benchmark Kospi to expand its footing in the mobility industry worth 350 trillion …See details»
SoCar Becomes First Mobility Startup Unicorn After
Oct 16, 2020 South Korean car-sharing and ride-hailing startup SoCar announced on Friday that it attracted a new 60 billion won ($52.5 million) investment from private equity firms, achieving unicorn status with a valuation …See details»
Socar to weather the storm and push ahead with IPO - Korea …
Aug 3, 2022 Socar aims to go public on the Kospi later this month, the country’s first car-sharing company to do so. It plans to sell 4,550,000 shares at between 34,000 won ($26) and 45,000 …See details»
Car-sharing app SoCar to launch integrated mobility services
Dec 9, 2021 SoCar, a South Korean car-sharing company, said Thursday it aims to launch an integrated mobility services that connects all transit options in one app next year. The …See details»
Mobility startup SOCAR becomes unicorn after fresh investment
Oct 16, 2020 SOCAR said it is the first South Korean mobility startup to hold the unicorn status, a title reserved for an unlisted startup with a valuation of more than US$1 billion. Previously, …See details»
How to Use Socar - Korea’s Instant Car Rental and Car Sharing App
May 10, 2023 Click "Check Socar" in the app and take pictures from different angles. Once the vehicle is unlocked, you can't upload more photos. Unlock the car and enjoy the ride! Note: …See details»
How to use SOCAR, the awesome car-sharing, rental service in Korea
Apr 19, 2022 The third day, I rented another SOCAR and drove to Wolchulsan for a hike then returned the car in the evening. Of course this requires planning but I saved money because …See details»
Car-sharing services pounce on rising fares - Korea JoongAng Daily
Feb 6, 2023 Cars operated by Socar, a car-sharing platform, parked at a Socar zone, or a designated parking area, in Seoul on Nov. 20, 2022. [YONHAP] Amid rising public …See details»
Car-sharing app SoCar to launch integrated mobility services
Dec 9, 2021 SoCar users currently pick up a car in a designated area and return it to the same place but the new app lets users return borrowed vehicles to a different spot near their …See details»
Socar - The Top Car-sharing Platform in Korea - Seoulz
Feb 1, 2023 Korean startup unicorn Socar is the top car-sharing platform in Korea. They went public in 2022, so technically, they are no longer a startup. But they have proven that a startup …See details»
Welcome to Socar!
숙박 예약하면 차 24시간 무료. Phone number: Send me the app. By providing your phone number, you agree to receive a one-time automated text message with a link to get the app. …See details»