About Socar
Socar is a company based in Jeju-si (South Korea) founded in 2012. Socar has raised $420.68 million across 8 funding rounds from investors including SK, KB Investment and Lotte Rental. The company has 445 employees as of December 31, 2024. Socar has completed 2 acquisitions, including Easy And Convenient Parking Platform and Polariant. Socar operates in a competitive market with competitors including Xingxing Mobility, Green Car, Jecar, Carre Mobility and Carssum, among others.
- Headquarter Jeju-si, South Korea
- Employees 445 as on 31 Dec, 2024
- Stage Public
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Sectors
Travel & Hospitality
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Socar, Inc.
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Annual Revenue
$292.73 M (USD)8.35as on Dec 31, 2024
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Net Profit
-$21.02 M (USD)26.75as on Dec 31, 2024
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EBITDA
$63.97 M (USD)25.41as on Dec 31, 2024
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Total Equity Funding
$420.68 M (USD)
in 8 rounds
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Latest Funding Round
$150 M (USD), Series G
Mar 08, 2022
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Investors
SK
& 11 more
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Employee Count
445
as on Dec 31, 2024
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Investments & Acquisitions
Easy And Convenient Parking Platform
& 1 more
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IPO & Listings of Socar
Socar is a publicly listed company on the KRX with ticker symbol 403550 in South Korea, operating in the Technology services 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 Socar
Socar has successfully raised a total of $420.68M across 8 strategic funding rounds. The most recent funding activity was a Series G round of $150 million completed in March 2022. 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 Socar
Socar has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include SK, KB Investment and Lotte Rental.
| Investor | Description | Founded Year | Domain | Location |
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Private equity & debt firm focused on small & mid-sized companies
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Locked | Locked | Locked | |
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Private equity and venture capital investment fund
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Locked | Locked | Locked | |
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Private equity firm investing in multiple sectors
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Locked | Locked | Locked |
Investor details for Socar
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Investments & Acquisitions by Socar
Socar has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Easy And Convenient Parking Platform and Polariant.
Investment portfolio details for Socar
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Positional tracking solutions are developed using polarized light detection technology.
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Locked | Locked | 2015 | Locked | |
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Online P2P parking booking and management services are provided.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for Socar
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Verified entity values are shown only after access is granted.
Financial Statements - Socar
Detailed financials for Socar
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- Profit trends
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Socar Comparisons
Peer comparison for Socar
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Competitors of Socar
Socar 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 Xingxing Mobility, Green Car, Jecar, Carre Mobility and Carssum, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
App-based platform offering electric kick scooter and bicycle rental services
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| Locked | Locked | Locked |
Self-drive car rentals are facilitated through a mobile app.
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| Locked | Locked | Locked |
Electric cars are rented through an app-based platform.
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| Locked | Locked | Locked |
Multi-category self-driven vehicle rentals and car-pooling are provided online.
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| Locked | Locked | Locked |
Offers a mobile app for convenient online car rentals.
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Detailed competitors of Socar
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Latest news on Socar
Complete news archive for Socar
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Frequently Asked Questions about Socar
Socar was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Socar is headquartered in Jeju-si, South Korea. It is registered at Jeju-si, Jeju-do, South Korea.
Socar is a funded company, having raised a total of $420.68M across 8 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Socar is 445.
Annual revenue of Socar is $292.73M as on Dec 31, 2024.
Socar was founded in 2012 in Jeju-si, South Korea, within the mobility and car-rental sector. An online platform is utilized to provide station-based rental services, where vehicles in nearby locations are located by users. Vehicles are unlocked and locked remotely to begin rentals, with in-app payments handled directly. At rentals end, cars are required to be parked in designated spaces. Corporate rental solutions are also offered.
Socar's top competitors include Xingxing Mobility, Green Car and Jecar.
Yes, Socar is publicly traded on KRX under the ticker symbol 403550.
Socar has made 2 acquisitions, including Easy And Convenient Parking Platform, and Polariant.
Socar has 12 investors. Key investors include SK, KB Investment, Lotte Rental, SGPE, and Songhyun Investment.
The ticker symbol of Socar is 403550 on KRX.