About Xingxing Mobility
Xingxing Mobility is a company based in Seoul (South Korea) founded in 2019.. Xingxing Mobility has raised $15.61 million across 1 funding round from investors including Shinhan Financial Group, KB Investment and KICC. Xingxing Mobility operates in a competitive market with competitors including TIER and Carre Mobility, among others.
- Headquarter Seoul, South Korea
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pmp Co., Ltd.
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Annual Revenue
$10.28 M (USD)5as on Dec 31, 2021
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Net Profit
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EBITDA
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Total Equity Funding
$15.61 M (USD)
in 1 rounds
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Latest Funding Round
$15.61 M (USD), Series B
Dec 26, 2022
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Investors
Shinhan Financial Group
& 4 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 1
- Last Round Series B — $15.6M
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First Round
First Round
(26 Dec 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series B - Xingxing Mobility | Valuation |
investors |
| 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 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. 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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Financial group
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Founded Year | Domain | Location | |
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A South Korean conglomerate, SK Inc. is engaged in advanced materials, biotechnology, and digital solutions.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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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 Xingxing Mobility
| 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 - Xingxing Mobility
| 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 |
Xingxing Mobility Comparisons
Competitors of Xingxing Mobility
Xingxing Mobility 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 TIER and Carre Mobility, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric kick-scooters are rented through a mobile app platform.
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| domain | founded_year | HQ Location |
Multi-category self-driven vehicle rentals and car-pooling are provided online.
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| 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 Xingxing Mobility
Frequently Asked Questions about Xingxing Mobility
When was Xingxing Mobility founded?
Xingxing Mobility was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Xingxing Mobility located?
Xingxing Mobility is headquartered in Seoul, South Korea.
Is Xingxing Mobility a funded company?
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 26, 2022.
What is the annual revenue of Xingxing Mobility?
Annual revenue of Xingxing Mobility is $10.28M as on Dec 31, 2021.
What does Xingxing Mobility do?
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.
Who are the top competitors of Xingxing Mobility?
Xingxing Mobility's top competitors include TIER and Carre Mobility.
Who are Xingxing Mobility's investors?
Xingxing Mobility has 5 investors. Key investors include Shinhan Financial Group, KB Investment, KICC, T S Investment, and SK Inc..
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