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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter