Korean startup Scalar Data, which operates the EV charging infrastructure integrated platform ‘Evmodu’ (everyone’s charge), has attracted an investment of 3 billion won ($2.2 million) from GS Energy, a leading energy solution provider.
GS Energy has secured the position of the second-largest shareholder of Scalar Data. This is an additional investment just six months after GS Energy invested last June. It is known that they promised comprehensive support for the growth of scalar data.
With the strategic investment as an opportunity, the two companies are expected to accelerate the advancement of related charging infrastructure services such as electric vehicle charging platform business and demand response business (EV DR) and entry into new businesses.
Despite the slump in the venture investment market, which has sharply frozen in the aftermath of the recent economic recession, Scalar Data attracts attention as a company that will lead the future electric vehicle charging market. Sales are achieving new weekly records, proving the company is a growing blue-chip with KPIs and numbers.
‘Modu Pay,’ an integrated payment solution, solves the inconvenient charge payment problem of having to obtain multiple membership cards to charge an electric car. Evmodu, operated by Scalar, is a platform used by 1 in 3 electric car users in Korea. In addition, the platform provides EV service-type software (EV-SaaS), on-site charging service (surrogate charging), connected car service for electric vehicles, and real-time information on charging stations.
Also Read,
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- Korean electric vehicle charging solutions startup EVAR awarded ‘Triple-Crown’ in CES 2023
- Let’s charge it! On World EV Day; a look at Korean startup EVAR ‘s charging infrastructure
Arie Baisch
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