About Luxicar
Luxicar is a Transportation, Automotive & Logistics company based in Seongnam-si (South Korea) founded in 2014 by Bada Choi, and was acquired by Kakao Mobility in February 2018. Drivers and passengers are matched for intracity carpooling rides. Luxicar has raised $8.79 million across 1 funding round from investors including Kakao Mobility, Hyundai Motor Company and Mega Investment. Its focus areas include Consumer, Road Transport Tech, Pooling and Car.
Company details
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.
- Headquarters Seongnam-si, South Korea
- Founders Bada Choi
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website luxicar.co.kr
- Social LinkedIn X
- Acquired by Kakao Mobility (Feb 2018)
- Total Equity Funding$8.79M (USD)
in 1 rounds
- Latest Funding Round$8.79M (USD), Series B
Sep 2017
- InvestorsKakao Mobility
& 4 more
- Acquired byKakao Mobility
(Feb 2018)
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.
- Total Funding $8.79M
- Total Rounds 1
- Last Round Series B — $8.79M
- First Round $8.79M
(Sep 2017)
- Investors Count 4
All 1 funding rounds of Luxicar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $8.79M | Series B | – | Hyundai Motor Company, Mega Investment | – |
5 investors in total: 5 institutional.
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 |
|---|---|---|---|---|
South-Korea based VC firm | 2012 | megainv.co.kr | Seoul, South Korea | |
Early-stage VC firm | translink.kr | Seoul, South Korea | ||
Passenger vehicles including sedans, SUVs, and electric models are manufactured. | 1967 | hyundai.com | Seoul, South Korea | |
Full-service investment banking is provided for middle-market companies. | capstoneheadwaters.com | Boston, United States | ||
Integrated transportation services are delivered through a mobile app. | 2015 | kakaomobility.com | Seongnam-si, South Korea |
Investor details for Luxicar
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People of Luxicar
1 people are tracked at Luxicar (1 in leadership).
| Name | Role | Group |
|---|---|---|
Bada Choi | Co-Founder | Leadership |
Complete people profiles for Luxicar
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Timeline of Luxicar
3 dated milestones of Luxicar across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Luxicar is founded.
- Funding First funding round of $8.8M.
- Exit Acquired by Kakao Mobility.
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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. The company's 1st funding round was a Series B of $8.79M, raised on Sep 2017.
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.
Yes. Luxicar was acquired by Kakao Mobility in February 2018.