Hyundai Motor

Hyundai Motor Company, established in 1967 and headquartered in Seoul, South Korea, is a prominent global automotive manufacturer. The company produces a wide range of vehicles, including cars, SUVs, trucks, and eco-friendly models under various brand names such as Sonata, Elantra, and IONIQ. Hyundai operates through three primary segments: Vehicle, Finance, and Others. The Vehicle segment is the largest, focusing on the manufacturing and sale of automobiles, while the Finance segment provides vehicle financing and related services. Additionally, the Others segment encompasses research and development, train manufacturing, and other activities. Hyundai has a strong presence in India through its subsidiary, Hyundai Motor India Limited, which is a leading passenger car exporter in the country. The company is also involved in strategic partnerships, including collaborations for electric vehicle development, and maintains a commitment to sustainability and innovative automotive technologies.

Euisun Chung

Co-CEO and Executive Chair

Ju-yung Chung

Founder

Tarun Garg

COO

In Cheol Lee

Executive Vice President and Head of Commercial Vehicle Division

Koby Simana

Venture Investment Manager

Sukhwan Yun

Senior Investment Manager (CVC) / Head of Operation at CRADLE Berlin

Past deals in Electric Vehicle

SES

Post in 2022
SolidEnergy Systems Corp. specializes in the development and manufacturing of rechargeable lithium metal batteries, targeting applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and located in Woburn, Massachusetts, the company operates at a pilot scale to produce rechargeable cells for prototype demonstrations and niche aerospace markets. SolidEnergy's core innovation lies in the materials it provides, specifically anodes and electrolytes, which are designed for integration with existing lithium-ion cell manufacturing processes. This compatibility enables the company to scale its production without the need for significant investment in new infrastructure. By supplying these materials to major lithium-ion cell manufacturers, SolidEnergy facilitates the creation of customized battery solutions for a variety of applications, positioning itself for growth in the mainstream consumer electronics and electric vehicle markets.

Factorial Energy

Series B in 2021
Manufacturer of nano-engineered batteries designed for electric vehicles, homes, and critical applications. The company's batteries increase energy density and improve capacity, have an extended life, and recharge faster than any other existing material, enabling battery manufacturers to use materials that are more environmentally friendly, safer, and less expensive.

EVAR

Series A in 2021
EVAR brings a solution for EV charging with an autonomous robotic charger.

SES

Corporate Round in 2021
SolidEnergy Systems Corp. specializes in the development and manufacturing of rechargeable lithium metal batteries, targeting applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and located in Woburn, Massachusetts, the company operates at a pilot scale to produce rechargeable cells for prototype demonstrations and niche aerospace markets. SolidEnergy's core innovation lies in the materials it provides, specifically anodes and electrolytes, which are designed for integration with existing lithium-ion cell manufacturing processes. This compatibility enables the company to scale its production without the need for significant investment in new infrastructure. By supplying these materials to major lithium-ion cell manufacturers, SolidEnergy facilitates the creation of customized battery solutions for a variety of applications, positioning itself for growth in the mainstream consumer electronics and electric vehicle markets.

UVeye

Corporate Round in 2021
UVeye Ltd. designs and manufactures advanced vehicle inspection systems that leverage high-resolution cameras and computer algorithms to automatically detect anomalies, modifications, and foreign objects in vehicles. Their product line includes stationary and mobile under-vehicle inspection systems, which can identify concealed weapons and contraband while providing 3D imaging of a vehicle's undercarriage. The systems are equipped with license plate recognition capabilities, allowing for efficient database storage and retrieval of vehicle information. UVeye serves a diverse clientele, including government entities such as embassies and military bases, as well as private organizations globally. Founded in 2016 and headquartered in Stamford, Connecticut, UVeye aims to enhance security and maintenance across various sectors, integrating digital solutions into the vehicle inspection process.

ampUp

Seed Round in 2020
AmpUp is an electric vehicle (EV) software company that enables drivers, hosts, and fleets to charge stress-free. Our technology gives businesses and property owners the ability to efficiently manage multiple charge stations in one place. Advanced features, such as smart scheduling, dynamic access control and energy optimization provide site hosts more flexibility and affordability for their charger investment. Our community and fleet management system also allows site hosts to participate in AmpUp's peer-to-peer charging network, the largest and fastest growing in the world. Ampup was founded in 2018 and incubated at YCombinator.

Arrival

Corporate Round in 2020
Arrival Limited is a technology company based in London that specializes in manufacturing electric vehicles. Founded in 2015, the company focuses on developing software, materials, components, and scalable skateboard platforms, which serve as the foundation for its electric vehicles. Arrival's innovative approach includes the use of micro-factories, enabling efficient production and adaptation to various mobility ecosystems while minimizing capital expenditure. This model allows the company to produce zero-emission vehicles tailored to the needs of urban environments and aims to enhance public transportation through intelligent design. In addition to its headquarters in the United Kingdom, Arrival operates offices in Germany, the Netherlands, Israel, Russia, and the United States.

Car Next Door

Equity Crowdfunding in 2019
Car Next Door is an online marketplace, providing a booking system and a range of in-vehicle technologies to make car-sharing safe, fast, keyless, and easy for both car owners and car borrowers. It will enable 10,000 Australians to share their cars with neighbors, thereby removing the dependency on personal vehicle ownership and fundamentally changing the way people make their transport decisions. Car Next Door is based in Sydney, Australia.

Ola Electric

Corporate Round in 2019
Ola Electric Mobility Pvt Limited, founded in 2017 and headquartered in Bengaluru, India, is a prominent player in the electric vehicle sector. As a subsidiary of ANI Technologies Private Limited, the company specializes in the manufacturing of electric vehicles and key components, such as battery packs, motors, and vehicle frames, at its Ola Futurefactory. Ola Electric aims to enhance electric mobility by collaborating with vehicle and battery manufacturers, cities, and driver-partners to create a comprehensive and affordable mobility ecosystem. The company not only focuses on the domestic market but is also exploring opportunities for exporting its electric vehicles to select international markets, positioning itself to capitalize on the growing demand for sustainable transportation solutions in India and beyond.

Rimac Group

Corporate Round in 2019
Rimac Group, based in Sveta Nedelja, Croatia, specializes in the design, development, and manufacturing of electric vehicles and advanced automotive components. The company produces high-performance electric hypercars and a variety of electric vehicle components, including drivetrains, battery systems, and infotainment systems. Rimac Group also offers extensive engineering solutions, such as concept design, production strategy development, and quality control. In addition to manufacturing, the company provides prototyping services and the conversion of internal combustion engines to electric or hybrid powertrains. Founded in 2009, Rimac Group has established a strategic partnership with Hyundai Motor, further enhancing its capabilities in the automotive sector. The organization is driven by a passion for innovation and aims to redefine the electric vehicle landscape through cutting-edge technology and design.

Immotor

Series B in 2018
Immotor is a company based in Shenzhen, China, that specializes in the development and sale of portable and personal transport systems. Founded in 2016, the company offers a range of innovative products, including the Immotor GO, a portable motorized scooter, and the Immotor Super Battery, which serves as a power management source. Additionally, Immotor provides the Immotor Cloud, a tool for remote control and fleet management of the Immotor GO. The company also focuses on intelligent battery swapping systems and offers battery-as-a-service solutions for electric motorcycles and lightweight electric vehicles. Immotor is committed to promoting cleaner energy and zero emissions through its advanced technologies and products designed for outdoor activities.

Revv

Series B in 2018
Revv is an Indian car-rental startup that offers multiple options to meet all your self-drive needs. The company was founded in 2015 and currently operates in 11 cities in India namely: Bangalore, Hyderabad, Chennai, Mumbai, Pune, Delhi NCR, Chandigarh, Jaipur, Vizag, Mysore, and Coimbatore. To date, Revv has a fleet of around 1,000 vehicles and claims have served around 300,000 users. It has its main office located at Gurgaon, India.

Immotor

Series A in 2018
Immotor is a company based in Shenzhen, China, that specializes in the development and sale of portable and personal transport systems. Founded in 2016, the company offers a range of innovative products, including the Immotor GO, a portable motorized scooter, and the Immotor Super Battery, which serves as a power management source. Additionally, Immotor provides the Immotor Cloud, a tool for remote control and fleet management of the Immotor GO. The company also focuses on intelligent battery swapping systems and offers battery-as-a-service solutions for electric motorcycles and lightweight electric vehicles. Immotor is committed to promoting cleaner energy and zero emissions through its advanced technologies and products designed for outdoor activities.

Car Next Door

Corporate Round in 2018
Car Next Door is an online marketplace, providing a booking system and a range of in-vehicle technologies to make car-sharing safe, fast, keyless, and easy for both car owners and car borrowers. It will enable 10,000 Australians to share their cars with neighbors, thereby removing the dependency on personal vehicle ownership and fundamentally changing the way people make their transport decisions. Car Next Door is based in Sydney, Australia.

Kia India

Acquisition in 2012
Kia India Private Limited, established on May 19, 2017, is a subsidiary of Kia Motors Corporation, which is headquartered in Seoul, South Korea. The company is engaged in the manufacture and sale of a diverse range of vehicles, including passenger cars, recreational vehicles, and commercial vehicles. Kia Motors also offers hybrid, plug-in hybrid, and electric vehicles to cater to the evolving market demands. Its products are distributed primarily through a network of dealers and distributors across the Indian market. With a commitment to quality and customer satisfaction, Kia India aims to meet and exceed consumer expectations in the automotive sector.
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