About INGINE
INGINE is a company based in Seoul (South Korea) founded in 2011 by Yong Jun Sung.. INGINE has raised $2.99 million across 3 funding rounds from investors including Korean Development Bank, SK Innovation and Coolidge Corner Investment. INGINE operates in a competitive market with competitors including Carnegie Clean Energy, Ocean Power Technologies, Marine Power Systems, Eco Wave Power and AW-Energy, among others.
- Headquarter Seoul, South Korea
- Founders Yong Jun Sung
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Injin
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.99 M (USD)
in 3 rounds
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Latest Funding Round
$3.52 M (USD), Debt – Conventional
May 17, 2021
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Investors
Korean Development Bank
& 2 more
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Employee Count
Employee Count
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Funding Insights of INGINE
INGINE has successfully raised a total of $2.99M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.52 million completed in May 2021. 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 3
- Last Round Debt – Conventional — $3.5M
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First Round
First Round
(14 Aug 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Debt – Conventional - INGINE | Valuation |
investors |
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| Jul, 2020 | Amount | Seed - INGINE | Valuation | SK Innovation |
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| Aug, 2016 | Amount | Seed - INGINE | Valuation | Coolidge Corner Investment |
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| 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 INGINE
INGINE has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Korean Development Bank, SK Innovation and Coolidge Corner Investment. 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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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 | |
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Oil and gas refining and trading services are provided globally.
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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 INGINE
| 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 - INGINE
| 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 |
Ingine Comparisons
Competitors of INGINE
INGINE 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 Carnegie Clean Energy, Ocean Power Technologies, Marine Power Systems, Eco Wave Power and AW-Energy, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
CETO wave energy converters and solar PV systems are provided.
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| domain | founded_year | HQ Location |
Ocean energy technologies are provided for intelligent maritime solutions.
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| domain | founded_year | HQ Location |
Modular technology for deep-water offshore wind deployment is engineered.
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| domain | founded_year | HQ Location |
Provider of wave power and wave energy devices
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| domain | founded_year | HQ Location |
Ocean wave energy is converted into electricity by AW-Energy's technology.
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| domain | founded_year | HQ Location |
Provider of wave energy harvesting system
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ingine
Frequently Asked Questions about INGINE
When was INGINE founded?
INGINE was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is INGINE located?
INGINE is headquartered in Seoul, South Korea.
Who is the current CEO of INGINE?
Yong Jun Sung is the current CEO of INGINE. They have also founded this company.
Is INGINE a funded company?
INGINE is a funded company, having raised a total of $2.99M across 3 funding rounds to date. The company's 1st funding round was a Seed of $905.2K, raised on Aug 14, 2016.
What does INGINE do?
INGINE was established in 2011 in Seoul, South Korea, as a provider of technology solutions in the renewable energy sector. Focus is placed on wave energy harvesting, with a Wave Energy Converter designed for installation in coastal breakwater barriers to generate power from wave movements. Multi-DOF Energy Recovery Technology is also developed, enabling energy capture from waves regardless of direction. Operations center on advancing sustainable energy systems for marine environments.
Who are the top competitors of INGINE?
INGINE's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
Who are INGINE's investors?
INGINE has 3 investors. Key investors include Korean Development Bank, SK Innovation, and Coolidge Corner Investment.