Rideflux , a self-driving software startup, announced on the 29th that it has secured a total of 20 billion won in preemptive investment in just four weeks since launching a pre-IPO investment round in early December. Including this round, Rideflux's cumulative investment amount reaches approximately 75.2 billion won.
In this round, existing shareholder Atinum Investment invested an additional KRW 10 billion, while Industrial Bank of Korea contributed KRW 10 billion as a new investor. Currently, Atinum Investment, Industrial Bank of Korea, Socar, and Yuanta Investment are among Rideflux's major shareholders.
Rideflux is continuing discussions with existing shareholders and new investors regarding additional investment and plans to complete its pre-IPO round early next year. Investor interest continues even after securing a preemptive 20 billion won investment, suggesting the final investment amount could be expanded.
The rapid completion of this pre-IPO round is attributed to Rideflux's competitive edge in unmanned technology and its commercialization strategy centered on autonomous trucks. Rideflux is recognized for proactively establishing demonstrations and business models, focusing on the relatively high-potential freight transportation sector.
Rideflux is currently conducting Korea's only autonomous driving test drive, with no driver behind the wheel, in the Sangam area of Seoul. This demonstration has yielded over 2,300 hours of cumulative autonomous driving data, with no accidents. The company aims to move beyond its own testing and launch public service next year.
In the passenger transportation sector, we have accumulated commercial experience by operating autonomous public transportation services in major cities such as Seoul, Busan, Sejong, and Jeju. Recently, as part of a national project, we launched a Level 4 autonomous car sharing demonstration service, and we are preparing to expand into unmanned transportation services such as robotaxis.
In the freight transport sector, the company plans to launch paid autonomous middle-mile freight transport in partnership with major domestic logistics and manufacturing companies in the first half of next year. As the only company in Korea capable of hub-to-hub autonomous truck operation, including on highways and urban roads near tollgates, the company claims to have secured the competitive edge necessary for rapid commercialization.
Rideflux plans to use this pre-IPO investment as a momentum to advance its end-to-end AI-based autonomous driving technology and accelerate its preparations for large-scale commercialization, centered around the Ministry of Land, Infrastructure and Transport's autonomous driving demonstration city. After concluding its pre-IPO round next year, the company plans to focus on IPO preparations, aiming for a KOSDAQ listing in the second half of the year.
Park Jung-hee, CEO of Rideflux, expressed his intention to contribute to enhancing the competitiveness of the domestic autonomous driving industry by accelerating the commercialization of unmanned autonomous driving in relation to attracting investment.
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