Best Electric Vehicles Companies in South Korea
The 96 best Electric Vehicles companies in South Korea in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: SK On.
Ranked by disclosed equity funding and recent momentum, the Electric Vehicles companies in South Korea that matter most are concentrated in a surprisingly tight capital stack. Ninety-six companies tracked, $2.0B in total disclosed funding, and one name accounts for nearly all of it: Sk On sits at $1.7B, which means every other company on this list is competing for the remaining $300M. Softberry pulled $71M. Everon closed $47M. Poen raised $34M. The drop-off after that is steep, and that compression tells you something real about where conviction is actually sitting.
The sector's ~41.2% CAGR isn't just a headline number here, it's the pressure behind EV battery technology and next-generation powertrain R&D that investors like Industrial Bank of Korea and DSC Investment are actively chasing. App-layer engagement confirms the ground-level pull, with median install growth running at roughly 19% YoY across relevant motor vehicle and electrical equipment apps. As shown in 2017 research, battery energy storage chemistry remains a binding constraint on EV adoption timelines, which is exactly why Korea's funding is clustering around cell-level bets rather than downstream plays. I'd watch that battery technology theme closely if you're mapping where the next meaningful rounds land.
Our analysis of 331 Electric Vehicles companies
$42.9b in tracked funding; 71% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2022.
Ranked: Best Electric Vehicles companies in South Korea
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SK On Provider of energy and chemical products, including batteries and lubricants | $1.7B | 35 mo ago | Series E | Jee Dong Seob CEO | 2021 | Windows ServerMicrosoft ASP.NETIIS+2 | — | 1 launch |
| 2 | Softberry App-based platform offering charge point locater services | $71M | 27 mo ago | Series A | Yong Park CEO | 2016 | GSAPVue.jsAmazon Web Services+6 | 15 patents AI-driven EV charging station data aggregation, user‑personalized info, and community services | — |
| 3 | Everon Operators of electric vehicle charging stations | $47M | 35 mo ago | Series B | — | 2012 | Naver MapsRadix UITailwind CSS+8 | — | — |
| 4 | AutoCrypt Provider of cybersecurity solutions for automotive and mobility applications | $40M | 48 mo ago | Public | SangGyoo Sim Co-Founder & CTO | 2007 | WordPressApple iCloud MailMicrosoft 365+32 | 84 patents Automotive cybersecurity: CAN intrusion detection, V2X tolling, lidar anomaly, real-time messaging | 1 launch · 1 partnership |
| 5 | POEN Manufacturer of batteries | $34M | 23 mo ago | Series B | SungJin Choi CEO | 2019 | GnuboardMySQLPHP+13 | 10 patents EV battery management systems with wireless pack control and health/remanufacturing evaluation | — |
| 6 | SWING App-based platform offering electric-kick scooter rental services | $25M | 52 mo ago | Series B | San Kim Founder & CEO | 2018 | TistorySentrySvelte+7 | 3 patents Control systems for electric kickboards and household cleaning device technologies. | — |
| 7 | EVAR Manufacturer of mobile and stationary electric vehicle chargers | $16M | 35 mo ago | Series B | Lee Hun CEO | 2018 | WixSentryBootstrap+10 | 72 patents Patents concentrated in transport & manufacturing processes | — |
| 8 | Xingxing Mobility Operator of shared electric mobility devices for urban transportation needs | $16M | 41 mo ago | Series B | — | 2019 | NotionOopyNode.js+10 | — | — |
| 9 | VINSSEN Developer of electric boats | $15M | 21 mo ago | Series C | Chil Lee CEO | 2017 | — | 39 patents Marine propulsion and onboard hydrogen fuel‑cell power systems with ammonia reforming and water management | — |
| 10 | Leo Motors Cartridge batteries for electric vehicles | $11M | 120 mo ago | Deadpooled | — | 2007 | — | 97 patents Patents concentrated in electrical & electronics | — |
| 11 | PLANA Manufacturer of hybrid electric VTOL aircraft | $8M | 44 mo ago | Seed | Braden Kim Chief Executive Officer At Plana | 2021 | WordPressMySQLPHP+18 | 10 patents Aircraft thermal management and cooling systems integration for structures and batteries | 3 job openings |
| 12 | Pluglink Operator of electric vehicle charging stations and related management systems | $6M | 44 mo ago | Series A | Andrew Kang CEO | 2021 | WordPressMySQLPHP+16 | 6 patents EV charging management using Bluetooth authentication, local certification, and neural‑network load balancing | — |
| 13 | Everyone's Charge Provider of an app-based platform to EV charging stations | $5M | 23 mo ago | Series A | Ye-chan Yoon CEO | 2021 | ImwebFroala EditorYouTube+29 | — | — |
| 14 | LG Energy Solutions Manufacturer of advanced batteries for automotive, mobility, IT, and ESS applications | $3M | 24 mo ago | Public | Dong-Myung Kim CEO | 2020 | WordPress Block EditorWordPressApple iCloud Mail+20 | 1,565 patents Advanced lithium‑ion battery cathode materials, fabrication processes, and safety components | — |
| 15 | POSCORE Manufacturer of motors for electric vehicles | $747K | 19 mo ago | Seed | Hyungjin Kim CEO | 2023 | — | 10 patents Manufacturing soft magnetic powder cores and lamination processes for inductors/transformers | — |
| 16 | Geo-Line Mobile charging-payment solution for electric vehicles | $254K | 125 mo ago | Seed | Sunggyoo Geo CEO | 2014 | — | 21 patents Secure, fast EV and mobile device charging systems with authentication and safety shielding | — |
| 17 | Eflow Developer of high-efficiency hydrogen fuel cell and AFPM motor systems for micro-mobility | — | 3 mo ago | Seed | Charlie Youn Founder & CEO | 2015 | GnuboardMySQLPHP+13 | 32 patents Axial permanent‑magnet motors, reduction gearsets, and thermal‑managed drive systems for e‑bikes | — |
| 18 | Chaevi Provider of end-to-end electric vehicle charging solutions | — | 17 mo ago | Public | Choi Young-Hoon Co-CEO | 2019 | PHPGSAPSwiper+10 | 13 patents Advanced EV charging hardware, safety monitoring, and grid‑integrated energy storage solutions | 1 launch |
| 19 | MaaS Asia App-based rental platform providing electric kick scooters | — | 53 mo ago | Series A | Sooyoung Jung CEO | 2017 | — | 5 patents Patents concentrated in computing, sensing & instrumentation | — |
| 20 | PMGROW Provider of electric vehicle battery pack solutions, subscription, care, and data | — | 84 mo ago | Series A | Jae Park CEO | 2010 | — | 85 patents EV battery safety monitoring, management, and reusable energy storage system technologies. | — |
| 21 | ALON (Other Services (B2C Non-Financial)) Provider of a mobile charging service intended to alleviate the increasing charging stress in the electric… | — | — | Private | — | 2022 | — | — | — |
| 22 | Alpaca App-based electric bike rental platform | — | — | Funding Raised | Suyoung Jeong CEO | 2018 | Amazon Web Serviceslit-htmllit-element+8 | — | — |
| 23 | AtlasBX Manufacturer and supplier of batteries | — | — | Public | Suk Joon Won CEO | 1944 | — | 74 patents Advanced lead‑acid battery electrode materials and manufacturing processes | — |
Top 12 Electric Vehicles companies in South Korea
#1
Series E · Seoul, Seoul · founded 2021 · 2889 employees$1.7Braised▾
Provider of energy and chemical products, including batteries and lubricants. The organization focuses on battery business, alongside exploration and production. It offers a range of products, including petrochemicals, plastics, and performance materials. The business is structured around several core divisions, each specializing in different aspects of the energy, chemical, and advanced materials sectors.
- Jul 2023Series E$100M
- Jun 2023Series E$400M
- May 2023Series E$944M
- Mar 2023Series D$289.3M
#2
Series B · Uiwang si, Gyeonggi do · founded 2019 · 15 employees$33.7Mraised▾
Manufacturer of batteries. It reuses discarded and used battery for manaufacturing new ones. It works on areas such as battery remanufacturing, secondary battery reuse, residual value assessment, and more.
- Jul 2024Series B$28M
- 2021Series A—
- 2020Seed—
#3
Series C · Jeollanam-do · founded 2017 · 34 employees$15.4Mraised▾
Developer of electric boats. The company develops electric boats with features like 8.2M long leisure boat, hydrogen fuel cell, ship integrated control system, 5 seater capacity, etc. It also develops power train systems and energy storage systems for ships.
- Sep 2024Series C—
- Jul 2021Series B$12.8M
- Sep 2020Series A$2.5M
- Dec 2019Seed—
#4
Series A · Seoul, Seoul · founded 2016 · 42 employees$70.6Mraised▾
App-based platform offering charge point locater services. The company offers mobile application EV infra which provides information on electric vehicle charging points, Soodal offers information on hydrogen vehicle charging stations. Also, it offers in-app payments for charging. The mobile application is available for Android and iOS platforms.
- Mar 2024Series A$3.6M
- Jan 2022Series A$67M
#5
Series A · Seoul, Seoul · founded 2021 · 14 employees$4.8Mraised▾
Provider of an app-based platform to EV charging stations. It users the users to check the nearest charging station in real time by choosing the charging type and operating organization. The platform offers other features like on demand charging solutions, integrated payment, vehicle management, community platform, etc. Mobile applications are available for android and iOS users.
- Jul 2024Series A$2.2M
- 2022Seed$2.4M
#6
Series B · Seoul, Seoul · founded 2012 · 59 employees$46.9Mraised▾
Operators of electric vehicle charging stations. The company offers electric vehicle charging solutions for individuals and businesses. It offers hardware and software-enabled solution it offers plug-in charging devices and offers mobile applications for users to find charge stations in the vicinity. The mobile application is available for Android and iOS platforms.
- Jul 2023Series B$38.6M
- Jan 2022Series A$8.3M
#7
Seed · Pohang, Gyeongsangbuk-do · founded 2023$747.4Kraised▾
Manufacturer of motors for electric vehicles. The company develops non-permanent magnet synchronous motor, magnetic powder, and more.
- Nov 2024Seed$640.1K
- Jan 2024Seed$747.4K
#8
Series B · Seongnam-si, Gyeonggi-do · founded 2018 · 60 employees$16Mraised▾
Manufacturer of mobile and stationary electric vehicle chargers. The company designs and produces charging solutions for electric vehicles, offering both portable and fixed charging units. These chargers are designed for ease of use and reliability, supporting the growing demand for convenient electric vehicle charging infrastructure. The focus is on providing high-quality, efficient charging technology.
- Jul 2023Series B$16M
- Oct 2019Seed—
#9
Public · Seoul, Seoul · founded 2007 · 300 employees$40.5Mraised▾
Provider of cybersecurity solutions for automotive and mobility applications. The company delivers security for software-defined vehicles and autonomous driving systems. It offers embedded security software, components, and testing platforms. The company’s products support vehicle-to-everything communication, electric vehicle charging, and in-vehicle systems.
- May 2022Series B$25.5M
- Feb 2021Series A$15M
#10
Public · Seoul, Seoul · founded 2020 · 11080 employees$2.8Mraised▾
Manufacturer of advanced batteries for automotive, mobility, IT, and ESS applications. The company provides batteries for electric vehicles, mobility devices, information technology, and energy storage systems. It focuses on product stewardship, building sustainable battery ecosystems, and protecting the planet. The organization also emphasizes empowering people, workplace safety, and creating value for partners.
- May 2024Grant (prize money)$2.8M
#11
Series B · Seoul, Seoul · founded 2019 · 74 employees$15.6Mraised▾
Operator of shared electric mobility devices for urban transportation needs. The company provides a system designed to connect urban areas through sustainable transportation. It focuses on offering convenient options for daily commuting. The company aims to improve urban lifestyles by providing accessible mobility solutions. It emphasizes safety and environmental responsibility in its operations.
- Dec 2022Series B$15.6M
#12
Series B · Seoul, Seoul · founded 2018 · 85 employees$25Mraised▾
App-based platform offering electric-kick scooter rental services. It provides shared kick scooters that can be rented on pay per use model or can also be rented as personal kickscooters. It offers features like eco-friendly rides, online payments, etc. The mobile application is available for Android and iOS platforms.
- Feb 2022Series B$25M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Electric Vehicles coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Electric Vehicles is moving in South Korea
A read on the academic research around Electric Vehicles — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,097 South Korea-affiliated papers.
- Chang'an University120
- Korea Advanced Institute of Science and Technology79
- Hanyang University77
- Sungkyunkwan University61
- Hyundai Motors50
- Automotive engineering9→42
- Battery (electricity)4→32
- Power (physics)4→22
- Voltage3→15
- Charging station1→12
- Automotive engineering45→179
- Battery (electricity)25→69
- Power (physics)7→51
- Grid7→32
- Voltage5→30
- Automotive engineering3→12
- Battery (electricity)4→13
- Transport engineering1→10
- Charging station1→5
- Grid1→4
Where electric vehicles is researched across South Korea
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing electric vehicles patents in South Korea
South Korea electric vehicles patent filing is accelerating — 177,942 filings from 8,000 assignees (2016–2025), led by LG Energy Solution, Samsung, LG Chemical; annual filings 11146→34115.
- LG Energy Solution41727
- Samsung40108
- LG Chemical38288
- Hyundai36823
- KIA Motors11425
- KIA10784
- SK ON5301
- LG Electronics4599
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.