Hankook Fund Invests in AI Startup

Oct. 29, 2021

Hankook & Company Co. Ltd., the holding company of Hankook Tire & Technology Co., Ltd., established a fund to secure a new growth engine in the future, and the fund's first investment destination is Mobiltech, an Artificial Intelligent (AI)-based spatial information and service startup.

Since its inception, Hankook & Company has been working to increase innovation through fostering startups, venture capital and cooperating with venture capitalists.

Founded in 2017, Mobiltech offers highly accurate 3D mapping solutions. It developed 3D spatial information related hardware and software with its original technology, and provides 3D precision maps to many customers such as Phantom AI. Hankook expects the market for Mobiltech's technology will grow, and the company also sees potential for collaboration with its tire business.