About Lotte Rental
Lotte Rental is a company based in Anyang (China) founded in 1986 was acquired by Affinity Equity Partners in December 2024.. The company has 1,300 employees as of December 31, 2024.
- Headquarter Anyang, China
- Employees 1300 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
- Legal Name Lotte Rental Co., Ltd.
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Annual Revenue
$1.89 B (USD)1.46as on Dec 31, 2024
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Net Profit
$72.4 M (USD)-11.01as on Dec 31, 2024
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EBITDA
$922.17 M (USD)-1.18as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
1300
as on Dec 31, 2024
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Acquired by
Affinity Equity Partners
(Dec 06, 2024)
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IPO & Listings of Lotte Rental
Lotte Rental is a publicly listed company on the KRX with ticker symbol 089860 in South Korea, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Lotte Rental
| 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 Lotte Rental
Lotte Rental has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Affinity Equity Partners. 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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A leader in Asian private equity investments since 1998.
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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 Lotte Rental
| 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 - Lotte Rental
| 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 |
Lotte Rental Comparisons
Competitors of Lotte Rental
| 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 Lotte Rental
Frequently Asked Questions about Lotte Rental
When was Lotte Rental founded?
Lotte Rental was founded in 1986.
Where is Lotte Rental located?
Lotte Rental is headquartered in Anyang, China. It is registered at Anyang, Henan, China.
Who is the current CEO of Lotte Rental?
Kim Hyun Soo is the current CEO of Lotte Rental.
How many employees does Lotte Rental have?
As of Dec 31, 2024, the latest employee count at Lotte Rental is 1,300.
What is the annual revenue of Lotte Rental?
Annual revenue of Lotte Rental is $1.89B as on Dec 31, 2024.
What does Lotte Rental do?
Lotte Rental was established in 1986 as a provider in the automotive rental sector. Operations are centered in Anyang, China, with services focused on vehicle leasing and short-term rentals for personal and business use. The company is led by CEO Kim Hyun Soo and maintains an online presence through lotterental.com. Core activities include fleet management and customer support across various locations.
Is Lotte Rental publicly traded?
Yes, Lotte Rental is publicly traded on KRX under the ticker symbol 089860.
Who are Lotte Rental's investors?
Lotte Rental has 1 investor. Key investors include Affinity Equity Partners.
What is Lotte Rental's ticker symbol?
The ticker symbol of Lotte Rental is 089860 on KRX.