KH Energy and Eugene Private Equity have provided series A funding for the car sharing service, a spinoff from Korea's SoCar.
South Korea-headquartered car sharing service SoCar’s Malaysian offshoot has received $18m in series A funding from oil and gas provider KH Energy and Eugene Private Equity, a subsidiary of conglomerate Eugene, e27 reported yesterday.
SoCar Malaysia’s car sharing platform that covers 1,000 locations in three cities. The capital will go to strengthening the platform and expanding Socar’s service further into Malaysia as well as neighbouring countries.
The round valued the company at $118m according to a statement cited by DealStreetAsia…
