Atinum Investment and Industrial Bank participate
Accelerating technology advancement and large-scale commercialization readiness

RideFlux, an autonomous driving software startup, announced on the 29th that it has preemptively secured a total of 20 billion won in investments approximately four weeks after starting its pre-IPO round in early December. Including this, the cumulative amount raised by RideFlux so far is about 75.2 billion won.

In this investment, existing shareholder Atinum Investment and new investor Industrial Bank each participated with 10 billion won. Major shareholders in RideFlux include Atinum and Industrial Bank, as well as SOCAR and Yuanta Investment, among others.

RideFlux is currently continuing discussions with existing shareholders and new investors regarding additional investments, planning to finalize its pre-IPO funding in early next year. Following this preemptive securing of 20 billion won, interest from investors continues, so the final investment amount is expected to expand further.

RideFlux is currently conducting the only ‘unmanned permit-based’ autonomous driving test operation in the Seoul Sangam area without a driver in the seat. Through unmanned verification in Sangam, RideFlux has secured over 2,300 hours of autonomous driving data. Next year, it aims to move beyond its own verification to public service operations. In the passenger transport sector, RideFlux has been accumulating commercialization experience by operating autonomous public transportation services in major cities across the country, including Seoul, Busan, Sejong, and Jeju.

Recently, as part of a national project, it has begun a Level 4 autonomous vehicle car-sharing demonstration service and is preparing to expand into unmanned mobility services such as robotaxis. In the freight transport sector, it plans to start paid middle-mile autonomous freight transport with major domestic logistics and manufacturing companies such as Samdasoo in the first half of next year. Particularly, it is the only company in South Korea that can operate hub-to-hub autonomous truck operations, including urban roads near logistics hubs before and after toll gates, securing strong competitiveness in areas where faster automation and commercialization are possible.

Through this pre-IPO investment, RideFlux plans to accelerate various business expansions including the advancement of E2E (End-to-End) AI-based unmanned autonomous driving technology and large-scale commercialization preparation centered around the autonomous driving verification city of the Ministry of Land, Infrastructure and Transport. Additionally, after concluding the pre-IPO investment round next year, it intends to focus on IPO preparations aiming for a KOSDAQ listing in the second half of the year.

Park Joong-hee, CEO of RideFlux, stated, “We will make unmanned autonomous driving commercialization a reality as quickly as possible and set a new standard for the domestic autonomous driving industry.”