The Trive 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.
The Trive Inc. - overview
Established
2016
Location
Seoul, -, South Korea
Primary Industry
Transportation Services
About
Based in Seoul, South Korea, and founded in 2016, The Trive Inc. is a mobility platform service provider that offers a monthly car subscription service that allows customers to use a vehicle chosen from the app. The company was founded by Jeon Min-soo. In January 2022, The Trive Inc.
raised KRW 5 billion in venture funding from investor Hashed, valuing the company at KRW 36. 8 billion post-money.. The company’s platform offers a monthly car subscription service that eliminates deposits, upfront payments, membership fees, and credit rating impact. With its pricing, users can choose from a diverse range of vehicles and pay a monthly fee, from domestic to luxury brands like Mercedes-Benz, Audi, Rolls-Royce, and Ferrari.
The Trive Inc. generates revenue by offering the cars on a subscription-based pricing model. The company intends to utilize the January 2022 funding to add more types of vehicles to its present list of car models available for subscription.
Current Investors
Hashed Ventures, TLabs, Series Ventures
Primary Industry
Transportation Services
Sub Industries
Car Hire Services, Web Applications, Sales & Marketing Software
Website
https://thetrive.com/
Verticals
Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
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.