About Luxicar
Luxicar is a company based in Seongnam-si (South Korea) founded in 2014 by Bada Choi was acquired by Kakao Mobility in February 2018. Luxicar has raised $8.79 million across 1 funding round from investors including Kakao Mobility, Hyundai Motor Company and Mega Investment. Luxicar operates in a competitive market with competitors including Careem, Lyft, Uber, Cabify and Didi, among others.
- Headquarter Seongnam-si, South Korea
- Founders Bada Choi
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$8.79 M (USD)
in 1 rounds
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Latest Funding Round
$8.79 M (USD), Series B
Sep 22, 2017
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Investors
Kakao Mobility
& 4 more
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Employee Count
Not available
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Acquired by
Kakao Mobility
(Feb 14, 2018)
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Funding Insights of Luxicar
Luxicar has successfully raised a total of $8.79M through 1 strategic funding round. The most recent funding activity was a Series B round of $8.79 million completed in September 2017. 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.
Investors in Luxicar
Luxicar has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Kakao Mobility, Hyundai Motor Company and Mega Investment.
| Investor | Description | Founded Year | Domain | Location |
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South-Korea based VC firm
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Early-stage VC firm
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Passenger vehicles including sedans, SUVs, and electric models are manufactured.
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Investor details for Luxicar
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Investments & Acquisitions by Luxicar
Investment portfolio details for Luxicar
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Financial Statements - Luxicar
Detailed financials for Luxicar
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Luxicar Comparisons
Peer comparison for Luxicar
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Competitors of Luxicar
Luxicar 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 Careem, Lyft, Uber, Cabify and Didi, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Rides and deliveries are facilitated via a mobile app platform.
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App-based ride-hailing aggregator
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An online platform providing ride-hailing and food delivery services
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Ride-hailing services are offered via a mobile app platform.
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An AI-enabled platform is operated for ride-hailing and on-demand services.
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Rides are hailed through an app-based platform.
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Detailed competitors of Luxicar
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Latest news on Luxicar
Complete news archive for Luxicar
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Frequently Asked Questions about Luxicar
Luxicar was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Luxicar is headquartered in Seongnam-si, South Korea. It is registered at Seongnam-si, Gyeonggi-do, South Korea.
Luxicar is a funded company, having raised a total of $8.79M across 1 funding round to date.
Luxicar was founded in 2014 in Seongnam-si, South Korea, as an intracity carpooling platform in the transportation sector. Trip details, timings, and available seats are updated by drivers through the app. Requests for rides are created by passengers, specifying pickup, drop-off locations, and times. Relevant matches between drivers and passengers are generated by the system. Upfront payment amounts are displayed for passengers, while drivers can accept or reject pooled requests.
Luxicar has 5 investors. Key investors include Kakao Mobility, Hyundai Motor Company, Mega Investment, Capstone Headwaters, and Translink Investment.