Gint attracts 14.5 billion won in investment

Agtech startup Gint announced that it has secured 14.5 billion won in pre-IPO funding. This round is notable for the participation of several strategic investors who will collaborate with the company in its overseas market expansion and technology development.

PT. Indo Agritech Investment, an Indonesian investment firm supporting Gint's expansion into Indonesia, participated in the investment, while LIG Nex1 and IBK Capital invested through the 'LIG Nex1-IBK Capital Defense Innovation New Technology Investment Fund No. 1' jointly established. In addition, Hoban Group's corporate venture capitals, Plan H Ventures and Xplo Investment, executed the funds through the 'Plan H-Xplo Green Smart City Venture Investment Fund'. Korea Development Bank and Villans Investment participated as financial investors.

With this investment, Gint plans to accelerate its overseas market expansion and the development of agricultural robotics technology. In 2022, it launched the "Fluva Auto," an autonomous driving kit for agriculture based on electronic control and autonomous driving technology, and entered the Indonesian and Japanese markets the following year. Currently, it is collaborating with organizations and companies in various countries to develop advanced agricultural technologies and introduce them to the market. It has also established a local subsidiary in Japan to explore overseas markets.

In addition to autonomous driving solutions, AI-based crop management programs, pesticide robots, and electric tractors are in the development and validation stages. Gint plans to sequentially introduce products that can address challenges facing the agricultural environment, such as labor shortages and climate change.

Kim Yong-hyun, CEO of Gint, expressed his gratitude to the investment institutions for attracting the investment and stated that he would seek continuous growth by expanding his business areas into new fields such as defense, construction, and equipment through cooperation with strategic investors.

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