Founded Year
2019Stage
Series B | AliveTotal Raised
$15.6MLast Raised
$15.6M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-25 points in the past 30 days
About PUMP
PUMP focuses on urban mobility and building daily life through sustainable transportation solutions. The company offers a user-centric life mobility system. It primarily serves the urban mobility and smart city sectors. It was founded in 2019 and is based in Seoul, South Korea.
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Expert Collections containing PUMP
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
PUMP is included in 1 Expert Collection, including Mobility-as-a-Service.
Mobility-as-a-Service
615 items
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
PUMP Patents
PUMP has filed 5 patents.
The 3 most popular patent topics include:
- pumps
- engine technology
- fluid dynamics
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/6/2023 | 11/26/2024 | Pumps, Valves, Irrigation, Engine technology, Fluid dynamics | Grant |
Application Date | 10/6/2023 |
|---|---|
Grant Date | 11/26/2024 |
Title | |
Related Topics | Pumps, Valves, Irrigation, Engine technology, Fluid dynamics |
Status | Grant |
Latest PUMP News
Dec 27, 2022
Korean startup PUMP, which operates XingXing, a shared kickboard service, attracted 20 billion won ($15.6 million) Series B investment. TS Investment and SK led this investment, and Korea Information & Communications, KB Investment, and Shinhan Capital participated as new investors. XingXing has achieved tremendous progress last year with profit in the third quarter. Industry experts believe this growth is mainly attributable to the consignment management method. XingXing can flexibly respond to a rapidly changing market because the head office owns all devices. It is much faster to react to the market than the franchise-style operation method, which involves handing over device ownership, and can also aim for high profitability. In the case of XingXing, the cumulative profitability seems to have improved due to the accumulated years of business in consignment operations. In technology and service planning, competitiveness and growth potential were recognized. XingXing introduced a new model Q1.0, in October of this year, focusing on quality improvement in two areas: safety and convenience for customers using kickboards in Korea. In addition, XingXing is leading the market by making it available in its app and on various mobility platforms such as Kakao Mobility, T Map Mobility, and T Money Go. The company accelerated the ‘Blockchain’ partnership and even launched a new reward service, XingXing Walking. “We are getting a hot response from customers in the evaluation that we have prepared a plan to give more benefits to users. XingXing plans to use the investment funds to secure new devices and develop a next-generation personal mobility platform in Korea based on artificial intelligence,” XingXing CEO Kim Sang-hun said. “This Series B investment is a recognition of XingXing’s competitiveness and future growth potential despite the recent cold weather in the frozen investment market,” he emphasized. Also Read,
PUMP Frequently Asked Questions (FAQ)
When was PUMP founded?
PUMP was founded in 2019.
Where is PUMP's headquarters?
PUMP's headquarters is located at 3, Dosan-daero 90-gil, Gangnam-gu, Seoul.
What is PUMP's latest funding round?
PUMP's latest funding round is Series B.
How much did PUMP raise?
PUMP raised a total of $15.6M.
Who are the investors of PUMP?
Investors of PUMP include Shinhan Capital, KB Investment, TS Investment, Korea Information & Communications and SK.
Who are PUMP's competitors?
Competitors of PUMP include Korea Mobility and 6 more.
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Compare PUMP to Competitors
NEIBUS is a company that provides a Mobility as a Service (MaaS) platform in the public transportation sector. Their main offering includes a platform that integrates different modes of public transportation, provides updates, planning, and tracking to users. It was founded in 2019 and is based in Seoul, South Korea.
Neolix is a company focused on L4 level autonomous driving technology within the transportation industry. They provide unmanned delivery vehicles that can operate on public roads, expressways, and in indoor environments, with a model that supports unmanned operations at all times. Neolix serves sectors requiring efficient goods distribution and urban logistics. Neolix was formerly known as Neolix Huitong (beijing) Technology Co., Ltd.. It was founded in 2018 and is based in Beijing, Beijing.
Matternet is a company that specializes in the development and operation of autonomous drone networks for package delivery within the healthcare and commerce sectors. The company offers zero-emission delivery services using drones that are FAA Type Certified. Matternet's technology is designed to transform logistics in developed economies and provide innovative solutions for new economies. It was founded in 2011 and is based in Mountain View, California.
Udelv develops autonomous delivery vehicles for the transportation and logistics industry. The Transporter is an autonomous electric vehicle designed for multi-stop, last-mile, and middle-mile deliveries. Udelv's vehicles have level 4 autonomy and include a cargo container known as the uPod, along with fleet management and tele-operation tools for delivery operations. It was founded in 2016 and is based in Burlingame, California.
Starship focuses on autonomous delivery solutions within the robotics and transportation industry. Its main offerings include autonomous robots that deliver groceries, hot food, and industrial supplies by navigating using radars, cameras, sensors, and machine learning. It serves university campuses, grocery retailers, delivery, and industrial sites with its delivery services. It was founded in 2014 and is based in San Francisco, California.
Manna serves as a drone delivery service that operates a fleet of aviation-grade drones capable of delivering a variety of goods, including food and essential items, to local neighborhoods. Its service is designed to bypass traditional road traffic. It was founded in 2019 and is based in Dublin, Ireland.
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