The SoftBank-backed car sharing app developer has filed to go public and is following the lead of peers by diversifying its mobility offering.

SoCar, the South Korea-based car sharing platform provider backed by internet and telecommunications group SoftBank, has filed to float on the Korea Exchange, as more transport technology providers diverify into other forms of mobility.

Founded in 2011, SoCar provides an on-demand service that allows users to find and use vehicles, paying only for the time during which they are used.

The company raised about $50m in late 2020 at a valuation of approximately $834m to take its total funding to…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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