Korean car-sharing startup SoCar secures $57m from IMM Private Equity

Korean car-sharing startup SoCar secures $57m from IMM Private Equity

Photo: SoCar's Facebook page

Korean leading car-sharing platform SoCar has received an investment of $57 million from local private equity firm IMM Private Equity, according to a report by Korea Bizwire.

SoCar, which offers its services via a website and mobile app, is the largest car-sharing company in South Korea, boasting approximately 3,200 car rental zones, 8,500 vehicles and 3.6 million registered users.

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