Korean mobility startup Code42 has secured US$25 million in pre-series A funding round led by Kia Motors, which contributed US$12.5 million to the deal.
Other Korean companies such as SK Group, LG, and CJ Group also participated in the round, according to a news release.
Established just this March, Code42 is an autonomous transportation-as-a-service (TaaS) startup founded by former Naver chief technology officer and Naver Lab CEO Chang-Hyeon Song.
It is developing an urban mobility operating system (UMOS) for use in services such as shopping, fast delivery, and transportation.
The system is aimed to be integrated into self-driving cars, drones, and automated delivery robots to provide mobility and logistics services.
Code42 looks to use the investment to complete the development of its UMOS platform and establish the global autonomous TaaS ecosystem, UMOS Connect.