About GM Korea
GM Korea is a company based in Incheon (South Korea) founded in 2002.. GM Korea has raised $734.41 million across 2 funding rounds from investors including Korean Development Bank. GM Korea offers products and services including Electric Vehicle Lineup and Performance Vehicles. GM Korea operates in a competitive market with competitors including Aurora, Cruise, Polestar, NIO and BMW Group, among others.
- Headquarter Incheon, South Korea
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
$425.08 M (USD)-13as on Dec 31, 2023
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Net Profit
$13.31 M (USD)-1as on Dec 31, 2023
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EBITDA
$17.32 M (USD)-19as on Dec 31, 2023
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Total Equity Funding
$734.41 M (USD)
in 2 rounds
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Latest Funding Round
$359.41 M (USD), Series D
Dec 26, 2018
- Investors
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Employee Count
Employee Count
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Products & Services of GM Korea
GM Korea offers a comprehensive portfolio of products and services, including Electric Vehicle Lineup and Performance Vehicles. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers electric cars and trucks for sustainable personal and commercial transport
Provides high-performance cars with advanced technology features
Funding Insights of GM Korea
GM Korea has successfully raised a total of $734.41M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $359.41 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $359.4M
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First Round
First Round
(01 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Series D - GM Korea | Valuation |
investors |
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| Jun, 2018 | Amount | Series D - GM Korea | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GM Korea
GM Korea has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Korean Development Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Development financing and commercial banking are provided in South Korea.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GM Korea
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GM Korea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gm Korea Comparisons
Competitors of GM Korea
GM Korea operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Aurora, Cruise, Polestar, NIO and BMW Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided.
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| domain | founded_year | HQ Location |
SaaS-enabled hardware and software for autonomous vehicles are developed.
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| domain | founded_year | HQ Location |
Electric vehicles are manufactured and developed by Polestar.
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| domain | founded_year | HQ Location |
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
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| domain | founded_year | HQ Location |
Automotive manufacturing company
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| domain | founded_year | HQ Location |
Self-driving vehicle solutions are developed and deployed for transportation.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gm Korea
Frequently Asked Questions about GM Korea
When was GM Korea founded?
GM Korea was founded in 2002 and raised its 1st funding round 16 years after it was founded.
Where is GM Korea located?
GM Korea is headquartered in Incheon, South Korea.
Who is the current CEO of GM Korea?
Kaher Kazem is the current CEO of GM Korea.
Is GM Korea a funded company?
GM Korea is a funded company, having raised a total of $734.41M across 2 funding rounds to date. The company's 1st funding round was a Series D of $375M, raised on Jun 01, 2018.
What is the annual revenue of GM Korea?
Annual revenue of GM Korea is $425.08M as on Dec 31, 2023.
What does GM Korea do?
GM Korea was established in 2002 and is based in Incheon, South Korea. Automotive manufacturing operations are conducted within the transportation sector, with a focus on vehicle assembly and production. Components and complete automobiles are supplied to regional and global markets. The company is led by CEO Kaher Kazem, and its online presence is maintained through the domain gm-korea.co.kr. Activities are centered on industrial-scale fabrication in the local economy.
Who are the top competitors of GM Korea?
What products or services does GM Korea offer?
GM Korea offers Electric Vehicle Lineup and Performance Vehicles.
Who are GM Korea's investors?
GM Korea has 1 investor. Key investors include Korean Development Bank.