Kakao Mobility attracts 220 billion won investment from global investment company’Carlyle

This investment attraction took place three and a half years after the US TPG investment in 2017. The enterprise value was assessed at 3.4 trillion won (based on post money).

Based on this investment attraction, Kakao Mobility plans to aggressively expand new business and invest in technology.

In addition, it has secured about 20 million own vehicle-owned users who use navigation, parking, and proxy driving, and has a market advantage in the field of autonomous driving.

Last year, despite the impact of Corona 19, it led the diversification of taxi services such as Kakao T Venti and Kakao T Blue, improving service quality. In addition, it continued its growth by securing the right to operate parking lots for major landmarks such as COEX and Everland.

In addition, the launch of’Business Home’ lays the foundation for expanding B2B (business-to-business) business, and new services such as shuttles, intercity buses, and trains were introduced to achieve both quantitative and qualitative growth.

Sales also recorded nearly three-fold growth compared to 2019, and operating profit is expected to grow this year.

Kakao Mobility CEO Ryu Gung-seon said, “As a representative player in the domestic mobility industry, we will actively collaborate with various companies including startups to build a virtuous cycle structure in which the entire domestic mobility ecosystem can grow based on Kakao T.”