Skip to main content

RideFlux

Category: Robotics / Embodied AI

A full-stack autonomous driving software developer enabling safer, driverless Mobility-as-a-Service (MaaS) across passenger and logistics sectors. RideFlux was founded in 2018. The company is led by Jung-hee Park. Based in Jeju-si, South Korea. Team size: 85-100. Total funding raised: ~55.2 Billion KRW ($41.5M). Latest round: Series B ($19.5M, Oct 2024). Key investors include Atinum Investment, Socar, SBI Investment, Korea Investment Partners, Yuanta Investment.

Founded
2018
Headquarters
Jeju-si, South Korea
Team size
85-100
Total funding
~55.2 Billion KRW ($41.5M)

Value proposition

Delivers vehicle-agnostic, infrastructure-independent software that enables fully unmanned driving in complex urban conditions, reducing operational costs for fleet operators.

Products and solutions

Robotaxi Software (NEMO Ride), Roboshuttle / Community Bus (Tamra Autonomous Vehicle), Autonomous Freight/Trucking Software, Remote Fleet Control & Monitoring System

Unique value

First company in Korea to obtain a permit for fully unmanned (driverless) driving on public roads; operates the country's longest autonomous commercial route (80km).

Target customer

MaaS operators (Socar, Kakao Mobility), Municipal governments, Logistics/Freight companies

Industries served

Autonomous Mobility (MaaS), Public Transportation, Logistics & Freight, Automotive Software

Technology advantage

Proprietary full-stack software architecture (Perception to Control) that uses a hybrid AI approach (Deep Learning + Rule-Based) to handle complex weather and urban scenarios without relying on external infrastructure.

How they differentiate

Specializes in full-stack software for complex urban Mobility-as-a-Service (MaaS) without relying on V2X infrastructure, unlike highway-focused (Mars Auto) or OEM-integrated (42dot) peers.

Main competitors

42dot (Hyundai Motor Group), Mars Auto, StradVision

Key partnerships

Socar (Strategic Investor/MaaS Partner), Kakao Mobility (Service Integration), Jeju Special Self-Governing Province (Public Transit Partner), Sejong City (Bus Operations), KAIST (R&D Collaboration)

Notable customers

Socar, Kakao Mobility, Jeju Free International City Development Center (JDC), Sejong City Government

Major milestones

Secured 26B KRW Series B funding led by Atinum Investment (Oct 2024), Obtained Korea's first permit for fully unmanned (driverless) driving on public roads (Nov 2024), Selected Korea Investment & Securities as IPO underwriter (Nov 2024)

Growth metrics

Cumulative funding 55.2B KRW; Targeting IPO in 2026; Revenue target 5B KRW for 2025.

Market positioning

Korea's leading independent autonomous driving software provider for Robotaxis and Shuttles.

Geographic focus

South Korea (Jeju, Sejong, Seoul)

Patents and IP

20+ registered patents focusing on HD Map compression, path planning, and autonomous vehicle control systems.

About Jung-hee Park

Ph.D. in Mechanical Engineering from MIT. Former Senior Researcher at LG Electronics (ADAS Business Unit). Previously worked as a Researcher/Consultant at nuTonomy (autonomous vehicle startup acquired by Aptiv).

Official website: