Daedong Mobility Secures 10 Billion KRW Investment from Kakao Mobility... "Full-Scale Entry into Last-Mile Market"

[Asia Economy Reporter Kwak Min-jae] Daedong Mobility, a subsidiary of agricultural machinery company Daedong, and Kakao Mobility are collaborating to actively target the last mile market.

Daedong Mobility announced on the 18th that it signed a 10 billion KRW investment agreement through a third-party allotment of new shares and a mobility business partnership contract with Kakao Mobility on the 17th.

The two companies have decided to form a 'Commercialization Committee (tentative name)' composed of key executives from each company to facilitate smooth business cooperation regarding sharing information on new mobility product development and mutual collaboration plans.

Through the Commercialization Committee, Daedong Mobility will closely consult with Kakao Mobility to equip 'Mobility Service Software (SaaS)' suitable for last mile mobility, such as BBS-type electric two-wheelers.

Additionally, they plan to establish a system to produce and supply products to Kakao Mobility centered on the new factory in the Daegu National Industrial Complex, aiming to distribute them in the domestic market as soon as possible.

Won Yoo-hyun, CEO of Daedong Mobility, stated, “By combining Daedong Mobility’s mobility technology and manufacturing capabilities with Kakao Mobility’s platform strengths, we expect to introduce innovative products and services that can lead the future mobility market.”

This content was produced with the assistance of AI translation services.