Seoul Robotics (CEO Lee Han-bin), an AI-based logistics autonomous driving solution company, announced on the 12th that it discussed strategic partnership and investment cooperation plans with Woven Capital, a strategic investment subsidiary of the Toyota Group of Japan for its transformation into a future mobility company, at COEX in Samseong-dong, Seoul on the 11th.
At this meeting, Woven Capital's key executives visited Korea to review the possibility of technological collaboration with Toyota's autonomous driving technology subsidiary, Woven Planet, and the two companies agreed to continue discussing details through additional working-level meetings.
Woven Capital was officially launched in October with a $800 million (approximately KRW 1.13 trillion) investment fund in partnership with Toyota Invention Partners (TIP), a strategic investment subsidiary established by Toyota. Woven Capital will focus on investing in global growth-stage companies in the fields of AI, automation, climate technology, energy, and sustainability.
Seoul Robotics is the first Korean company to export autonomous driving technology to Germany and Japan. Its "Level 5 Control Tower (LV5 CTRL TWR)" technology enables fully autonomous driving in confined environments such as factories without drivers. Recently, through its collaboration with the Ulsan complex "New On City" project, the company unveiled an innovative model that integrates autonomous driving infrastructure from the urban design stage.
Lee Han-bin, CEO of Seoul Robotics, said, “Through discussions with Woven Capital, we anticipate opportunities for Korea and Japan to jointly lead the global autonomous driving market,” and added, “We plan to use the funds secured through the KOSDAQ listing within the year to establish a branch in Japan and establish a local sales and technical support system.”
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