When was Socar founded?

Socar was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is Socar located?

Socar is headquartered in Jeju-si, South Korea.

How many employees does Socar have?

As of Jul 01, 2024, the latest employee count at Socar is 51 - 200.

Is Socar a funded company?

Socar is a funded company, having raised a total of $421M across 8 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Seed round on Jul 31, 2013.

When was the latest funding round of Socar?

Socar's latest funding was a $150M Series G round on Mar 08, 2022, with participation from 1 investor.

Is Socar a Online Travel company?

The primary sector of Socar is Online Travel.

Where does Socar rank among its competitors?

Socar ranks 2nd amongst 14 active competitors, of which 3 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Carre Mobility, which secured an undisclosed amount in Jan, 2023.

Who are the top competitors of Socar?

Socar's top competitors include Lime, TIER and Green Car. Among them, Carre Mobility secured the most recent funding round in January, 2023.

Socar - 2026 Company Profile, Funding, Competitors & Financials

Sectors and market segments that Socar operate in

Socar serves in the Travel and Hospitality Tech market segments.The primary business model of Socar is:

Travel and Hospitality Tech > Online Travel > ***** **** > ***** ******

Company Details

Socar is a platform offering station-based car-rental services. It enables users, to locate the available cars in the vicinity & unlock/lock it to start rentals. It offers features like in-app payments. At the end of the ride, users have to leave the vehicle at the designated parking spaces. Also, it offers solutions for corporates.

Website: socar.kr
Social
Email ID: *****@socar.kr
Phone Number: +82 **********

Key Metrics

Founded Year

2012

Location

Jeju-si, South Korea

Stage

Public

Total Funding

$421M in 8 rounds

Latest Funding Round

Series G, Mar 08, 2022, $150M

Investors

Bain Capital Ventures & 15 more

Ranked

2^nd among 14 active competitors

Employee Count

51 - 200 as on Jul 01, 2024

Investment & Acquisitions

Polariant & 1 more

Similar Companies

Zipcar & 565 more

Exit Details

Public

View Socar's full profile

Socar is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SOCAR, Inc. CIN: 616-81-90529 , South Korea, Active	Oct 30, 2011	-	-	-

Socar got listed on Aug 22, 2022.

Click here to take a look at Socar's IPO in detail

Socar has raised a total funding of $421M over 8 rounds. Its first funding round was on Jul 31, 2013. Its latest funding round was a Series G round on Mar 08, 2022 for $150M. 1 investor participated in its latest round. Socar has 16 institutional investors.

Here is the list of recent funding rounds of Socar:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 08, 2022	$150M	Series G	-	-	Lotte Rental	-
Oct 16, 2020	$52.3M	Series F	-	-	SGPE, Songhyun Investment	-
Dec 2019	$43.1M	Series E	-	-	LB Private Equity	-

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View details of Socar's funding rounds and investors

Socar's employee count trend

Socar has 51 - 200 employees as of Jul 24. Here is Socar's employee count trend over the years:

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Top competitors of Socar include Lime, TIER and Green Car. Here is the list of Top 10 competitors of Socar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lime 2017, San Francisco (United States), Public	App-based rental platform providing self-drive electric kick-scooter	$1.71B	Andreessen Horowitz, IVP & 99 others	82/100
2nd	Socar 2012, Jeju-si (South Korea), Public	Online platform that offers station-based car rental services	$421M	SK, SBVA & 14 others	67/100
3rd	TIER 2018, Berlin (Germany), Series D	Operator of shared electric scooters and bicycles for urban transit	$660M	Mubadala, SoftBank Vision Fund & 28 others	67/100
4th	Green Car 2009, Seoul (South Korea), Acquired	Self drive car rental platform	-	D3 Jubilee Partners, Tekton Ventures & 2 others	49/100
5th	Xingxing Mobility 2019, Seoul (South Korea), Series B	Operator of shared electric mobility devices for urban transportation needs	$15.6M	SK, Shinhan Financial Group & 4 others	36/100
6th	The Trive 2016, Seoul (South Korea), Funding Raised	App-based used-car subscription platform	-	Ascendo Ventures, Hashed & 3 others	30/100
7th	Rentking 2015, Seoul (South Korea), Unfunded	App-based platform offering car rental services	-	-	27/100
8th	Jecar 2016, Gwangju si (South Korea), Funding Raised	App-based platform for electric car rentals	-	Hyundai Venture Investment, Lighthouse Combined Investment ... Read more	25/100
9th	Carre Mobility 2020, Berlin (Germany), Seed	Provider of mobility solutions for residential companies and neighborhood integration	-	Techstars	24/100
10th	Yuka Networks 2017, Busan (South Korea), Funding Raised	App-based car rental platform	-	Sunbo Angel Partners	22/100