Self-driving tech startup RideFlux raises $1.9 mn in Series B

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RideFlux Inc., a South Korean autonomous driving technology startup, has raised 26 billion won ($1.9 million) in a Series B funding round about four months after winning a temporary permit to run a driverless car at normal speed in the country for the first time.

It is currently developing a 25-ton autonomous driving truck.“We will further advance our autonomous driving technology through software development and lead the commercialization of Level 4 autonomous driving technology through expanded partnerships with mobility service, car-manufacturing and logistics companies,” said Park Junghee, co-founder and chief executive officer of RideFlux.

With the temporary license, a sports utility vehicle (SUV) equipped with autonomous driving systems and radar sensors developed by RideFlux has been allowed to drive on a 3.2-kilometer circular section of road within the autonomous test-driving area in Sangam-dong, western Seoul.

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Category: Economy

Markets: South Korea

Topics: Driving Investment Billion Rideflux Autonomous Self-driving Korea Partners Service Startup Technology

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-10-31 @ 16:25:52 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 415 words

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Copyright Owner: © Korea Economic Daily

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