Korean startup Epikar, which deals in car retail digital conversion solutions, has attracted Series A investment led by Korea Development Bank and other investors. The company will utilize the latest investment to develop technology and strengthen infrastructure to advance B2B sales and distribution of digital solutions.
Epikar helps auto dealers reduce operating costs by providing data-based digital solutions to areas they need in the car sales process, such as test drives and after-sales services. BMW Korea and seven official BMW dealers have introduced Epikar’s solutions that provide mobile services for the entire process, from advance booking to test drives at about 80 dealerships in the country. Epikar’s solution is also introduced at 75 after-sale service centres for intelligent real-time warehouse monitoring and shipping management.
“Due to digitization throughout the economy and the sophistication of mobile technology, many services we use now have been turned into digital, but the retail auto market is slow in embracing it. With efficient and innovative digital solutions, we will try to create a platform that satisfies all participants, including dealers and consumers,” said Han Bo-seok, CEO of Epikar.
In 2023, Epikar aims to establish cooperative relationships with auto dealers worldwide and actively move into overseas markets.
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