42dot Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
42dot Inc. - overview
Established
2019
Location
Seoul, -, South Korea
Primary Industry
Transportation Services
About
Founded in 2019 and based in Seoul, South Korea, 42dot Inc. operates as a provider of a suite of integrated mobility services that include an autonomous transportation-as-a-service platform, car-sharing, ride-hailing, and food delivery services. In August 2022, Hyundai Motor Company and Kia acquired a 95. 1% majority stake in 42dot Inc.
for KRW 427. 7 billion. The company operates UMOS, a cloud-based mobility platform that will accelerate the transition to autonomous transportation-as-a-service, or aTaaS, with diversified self-driving ground and airborne vehicles. The platform boasts functionality that spans all layers of aTaaS, a user interface that provides access to connected mobility and lifestyle services, smart algorithms for fleet dispatching and management, cutting-edge extra-definition map and routing technology, and autonomous machines.
Supporting UMOS also provides different autonomous driving and mobility services such as UMOS Connect, UMOS Network, UMOS Algorithms, UMOS Map, and UMOS Autonomous. The acquisition of 42dot in August 2022 was intended to support Hyundai Motor Company in transforming from a manufacturer of traditional ICE vehicles to an intelligent mobility company.
Current Investors
CJ Group, SK, LG Electronics
Primary Industry
Transportation Services
Sub Industries
Public Transit/Transportation, Car Hire Services, Logistics & Distribution
Website
www.42dot.ai
Verticals
Artificial Intelligence, IoT (Internet of Things), IoT (Internet of Things), Mobile Apps
Total Amount Raised
Subscriber access only
42dot Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, Trade Sale | Completed | 42dot Inc. | - |
Displaying 1 - 1 of 1
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.