About Xingxing Mobility
Xingxing Mobility is a Transportation, Automotive & Logistics company based in Seoul (South Korea) founded in 2019. App-based platform offering electric kick scooter and bicycle rental services. Xingxing Mobility has raised $15.61 million across 1 funding round from investors including Shinhan Financial Group, KB Investment and KICC. Its website xingxingmobility.com draws about 11 thousand monthly visits. Its focus areas include Consumer, Road Transport Tech, Self Drive Rentals and Multi Vehicle. Its legal entity is PMP Co., Ltd.
Company details
Xingxing Mobility was founded in 2019 in Seoul, South Korea, within the urban mobility sector. Electric kick scooters and bicycles are offered for rental via a mobile application available on Android and iOS. Users locate, book, unlock vehicles using QR codes, and complete payments online. Vehicles must be returned to designated parking areas at the end of rides. Operations focus on seamless urban transportation access.
- Headquarters Seoul, South Korea
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website xingxingmobility.com
- Social Facebook
- Legal Name Pmp Co., Ltd.
- Annual Revenue$10.28 M (USD)5as on Dec 31, 2021
- Total Equity Funding$15.61M (USD)
in 1 rounds
- Latest Funding Round$15.61M (USD), Series B
Dec 2022
- InvestorsShinhan Financial Group
& 4 more
Funding Insights of Xingxing Mobility
Xingxing Mobility has successfully raised a total of $15.61M through 1 strategic funding round. The most recent funding activity was a Series B round of $15.61 million completed in December 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.
- Total Funding $15.61M
- Total Rounds 1
- Last Round Series B — $15.61M
- First Round $15.61M
(Dec 2022)
- Investors Count 5
All 1 funding rounds of Xingxing Mobility 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 |
|---|---|---|---|---|---|
| Dec 2022 | $15.61M | Series B | – | – |
5 investors in total: 5 institutional.
Investors in Xingxing Mobility
Xingxing Mobility has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Shinhan Financial Group, KB Investment and KICC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial group | 1982 | shinhangroup.com | Seoul, South Korea | |
A South Korean conglomerate, SK Inc. is engaged in advanced materials, biotechnology, and digital solutions. | sk-inc.com | Seoul, South Korea | ||
Venture capital fund investing in early-stage tech startups | 1990 | kbic.co.kr | Seoul, South Korea | |
Provider of POS solutions for retailers | 1986 | kicc.co.kr | Seoul, South Korea | |
Operates as an investment firm based in South Korea. | 2008 | tsinvestment.co.kr | Seoul, South Korea |
Investor details for Xingxing Mobility
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Timeline of Xingxing Mobility
2 dated milestones of Xingxing Mobility across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Xingxing Mobility is founded.
- Funding First funding round of $15.6M.
Web traffic of Xingxing Mobility
The website of Xingxing Mobility (xingxingmobility.com) receives about 10.6K visits a month.
- Monthly visits10.6K
▲ 1.1% vs previous month
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Frequently Asked Questions about Xingxing Mobility
Xingxing Mobility was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Xingxing Mobility is headquartered in Seoul, South Korea.
Xingxing Mobility is a funded company, having raised a total of $15.61M across 1 funding round to date. The company's 1st funding round was a Series B of $15.61M, raised on Dec 2022.
Annual revenue of Xingxing Mobility is $10.28M as on Dec 31, 2021.
Xingxing Mobility was founded in 2019 in Seoul, South Korea, within the urban mobility sector. Electric kick scooters and bicycles are offered for rental via a mobile application available on Android and iOS. Users locate, book, unlock vehicles using QR codes, and complete payments online. Vehicles must be returned to designated parking areas at the end of rides. Operations focus on seamless urban transportation access.
Xingxing Mobility has 5 investors. Key investors include Shinhan Financial Group, KB Investment, KICC, T S Investment, and SK Inc.
Xingxing Mobility operates through Pmp Co., Ltd..