Mobility AI company 42dot announced on the 11th that it will conduct a paid-in capital increase totaling 500.3 billion won to strengthen its global mobility software competitiveness. This capital increase is part of a strategy to strengthen its mid- to long-term future vehicle technology competitiveness, including advancing software-centric vehicle (SDV) technology, investing in agentic AI and GPU infrastructure, and securing key global talent.
As Hyundai Motor Group's global software center, 42Dot is leading the SDV transition and has developed various core platform technologies, including the vehicle operating system "Pleos Vehicle OS," autonomous driving AI "Atria AI," infotainment system "Pleos Connect," agentic AI "Gleo AI," and vehicle and fleet data AI "Capora AI." These technologies were unveiled at the technology conference "Pleos 25" held in March 2025, demonstrating their technological prowess.
In particular, Forty2Dot is leading the SDV transition by providing an end-to-end development process from concept design of SDV vehicles to verification and application to mass production vehicles through a fabless OEM model based on a full-stack SDV solution.
This technology is also reflected in Hyundai Motor Group's SDV roadmap, and Forty2Dot plans to serve as a key partner leading Hyundai Motor Group's SDV strategy, starting with the development of the SDV pace car in 2026 and extending to mass production vehicles in 2027.
This third paid-in capital increase is part of the three-year capital expansion plan (2023-2025) approved in 2023, with Hyundai Motor Company and Kia participating as strategic investors. The funds raised will be focused on technological advancement, building AI infrastructure, and securing global talent.
Forty2Dot plans to focus on strengthening its mobility software competitiveness by securing mid- to long-term technological sovereignty and securing key global talent, rather than focusing on short-term performance. Currently, the company operates global R&D hubs in the US, Poland, Australia, and China, centered around its headquarters in Korea, and is actively recruiting top talent in each region.
A Porty2Dot official stated, “This paid-in capital increase is a strategic choice to secure mid- to long-term technological sovereignty and global talent rather than short-term financial performance,” adding, “We will continue to achieve sustainable growth as a key partner in future mobility technology.”
- See more related articles
You must be logged in to post a comment.