JLT Secures 23 Billion KRW Series B Funding with Participation from Four Investors Including Stonebridge Ventures

Full-scale Expansion of Client Base Including Electric Vehicles and Shipbuilding
US Deep Tech Investment Firm Joins as New Shareholder

Stonebridge Ventures announced on the 25th that it has completed a Series B investment of 23 billion KRW in AI-based robotics specialist company JLT, together with domestic and international investors such as Partners Investment and SJ Investment Partners.

Notably, Silicon Valley-based deep tech investment firm Millennium New Horizons also participated in this investment, recognizing JLT’s core technology and its potential for overseas market expansion.

According to statistics from the Ministry of Environment, as the domestic electric vehicle market rapidly grows, the amount of waste batteries is expected to reach 110,000 units (330 billion KRW, based on 3 million KRW per unit) by 2030, with the scale increasing sharply every year. However, waste battery recycling (battery disassembly) involves high risks in the work environment. Workers are constantly exposed to the risk of electric shock, and their movements are restricted due to wearing protective gear, causing inconvenience. It is also difficult to communicate smoothly with colleagues because of the protective clothing and equipment.

Founded in 2019, JLT is developing AI-based robotics automation systems. It supplies various solutions to overseas factories in North America, Eastern Europe, and other regions for domestic and international clients such as Hyundai Motor Company, LG Magna, Semes, and Hyundai Robotics. In its fifth year since establishment, it has already achieved sales exceeding 10 billion KRW.

Through this Series B investment, JLT plans to enhance its existing welding automation solutions and develop next-generation robotic automation solutions that integrate welding inspection and vision inspection. Additionally, it has recently started developing an automated robotic solution for waste battery recycling that eliminates the risk of electric shock and maximizes work efficiency, with plans to introduce a prototype to the market within this year. Through this, JLT aims to expand its global customer base across various industries including electric vehicles, shipbuilding, offshore wind power generation, and plant construction.

A JLT representative stated, “Automated robotic solutions are essential to simultaneously ensure the safety and efficiency of waste battery disassembly work,” adding, “We will continue to introduce innovative automation technologies in the waste battery recycling market through ongoing research and development.”

Jung Hyun-woo, CEO of JLT, said, “This investment will be an important stepping stone for building AI-based robotics systems and entering various global markets such as electric vehicle manufacturing,” and added, “We will continue sustainable growth by advancing welding automation technology and expanding new businesses such as waste battery recycling.”

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