[Digital Today Reporter Chigyu Hwang] MVL Labs (MVL LABS), which develops MVL, a mobility blockchain platform, announced on the 9th that it has attracted 18 billion won worth of Series B investment from auto parts maker Central and Singapore venture capital Tribe. .
With this funding, the accumulated investment amount of MVL exceeded 34 billion won.
Series Central, which has also participated in Series B investments following Series A, has supplied parts to GM, Ford, and Hyundai Motor Group as an auto parts manufacturer. Recently, it is accelerating the expansion of its market share in Southeast Asia.
MVL has about 1 million users through TADA, a blockchain-based ride-hailing service in Singapore, Cambodia and Vietnam.
MVL is expanding its scope to new food delivery platforms such as Tada Fresh and Tada Delivery, beyond a simple ride call service. “This investment will accelerate the expansion of the energy infrastructure business in connection with the platform and the manufacture of the electric tricycle, E-Tuk-Tuk,” said MVL CEO Woo Kyung-sik.
MVL’s existing investment companies include △Shinhan Bank △SV Investment △Shimwon △Samgi △Ilum.
Author/ Translator: Jamie Kim
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