SoCar invests in self-driving technology firm RideFlux
Summary
1 car-sharing service operator, has made an investment in autonomous driving startup RideFlux, the company said on July 11. RideFlux is a Korean startup founded by two self-driving technology experts Park Jung-hee Park and Yun Ho and advised by US autonomous technology startup nuTonomy founder Karl Iagnemma. SoCar said this is the first investment and the partnership was made in a bid to become a total mobility company. Lee Jae-woong, CEO of SoCar and also founder of the countrys internet portal giant Daum Communications (now merged with Kakao), said the company founded in 2011 aims for mass adoption of self-driving technologies. "The partnership between RideFlux and Socar with more than 10,000 cars in operation is well beyond the simple development of self-driving technology.