KOA AUTOMOTIVE Asset Profile

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Year established

2016

Location

South Korea

Primary Industry

Electronics

About

Based in South Korea, and founded in 2016, KOA AUTOMOTIVE operates as an automobile parts manufacturing company. The company was formed by separating from its parent electric vehicle company, Goa Precision Co., Ltd. In October 2022, KOA AUTOMOTIVE raised KRW 42 billion in venture funding from DGB Capital, Hyundai Motor Securities, IBK Capital, K-Growth, and KDB Capital. The round values the company at KRW 120 billion post-money. As of 2022, the company’s CEO is Kim Won-seok. KOA AUTOMOTIVE design, manufactures, and supplies electric motor cores for automobile sectors like General Motors, Ford, and Jaguar. The company’s product line includes BLDC motors, BLAC motors, SRM motors, Hall sensors, square wave sensorless control, and more. The company plans to use the funds raised in October 2022 to expand its production facilities in China and Korea and enter the North American market. It also plans to enter the public market in 2025.

Current Investors

KDB Capital, Shinhan Capital, K-Growth

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Primary Industry

Electronics

Sub Industries

Automobiles, Other Vehicles & Parts, Electronic Components

Website

www.koaautomotive.com

Verticals

Electric & Hybrid Vehicles, Manufacturing, Research (Non-Medical)

Company Stage

Early Stage

Total Amount Raised

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