MOVV, which develops an AI-based on-demand mobility system, recently announced that it has attracted strategic investment of approximately KRW 5 billion from KB Securities and Taiwan's Huafu Group. Including this investment, MOVV's cumulative investment amount amounts to approximately KRW 10 billion.
Move is developing solutions such as real-time demand forecasting, optimal route analysis, and vehicle dispatch automation using AI technology, and is collaborating with various domestic and international mobility companies. Based on this investment, Move plans to accelerate its business expansion as a global mobility software using AI technology. Through this, it will strengthen its position in the global market and continuously provide innovative mobility solutions.
With this investment, KB Securities plans to maximize synergy with other affiliates within KB Financial Group and pursue strategic collaboration with Move. In particular, KB Securities plans to provide differentiated financial solutions by combining AI-based mobility services with its existing auto finance business. Through this, it is expected to provide customers with a more efficient mobility business operation infrastructure and further strengthen its competitiveness in the global market together with Move. KB Securities Director Jeong Seong-hun said, “We will present a new service model that combines finance and mobility, and provide customers with a more efficient business operation environment through AI-tailored finance and mobility solutions.”
“The digital transformation of Taiwan’s mobility industry is an essential trend, and Move’s AI technology will play an important role in accelerating it,” said Liao Yongzheng, Chairman of Huafu Group. “Through this collaboration, we will improve service efficiency and provide customers with a better mobility environment.”
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