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South Korean car-sharing service that lets users rent vehicles on demand through a mobile app.
SOCAR, Inc. is a car-sharing service headquartered in Jeju, South Korea, that lets users rent vehicles through a mobile app, with rentals available for as little as 10 minutes. In August 2023, IMM Private Equity exited 3.7% of its 7.4% stake for KRW 54.7 billion. The company has engaged in 13 deals and raised KRW 132,100.00 mn in total, with its latest round an IPO that raised KRW 101,920.00 mn. CEO Jaeuk Park leads the company with Jungwoong Moon.
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