PonyLink Invests 21.7 Billion Won in FutureLink... Accelerates Autonomous Driving Business

PonyLink announced on November 20 that it will participate in a capital increase for its subsidiary, FutureLink, investing a total of 21.7 billion won.

FutureLink, established last month, is a company specializing in mobility and is preparing to launch innovative mobility services based on autonomous driving. The funds raised through the capital increase will be used to establish the foundation for FutureLink’s autonomous driving business and to cover operating expenses.

PonyLink will maintain its currently pending paid transportation service business in Seoul and, upon completion of the approval process and reorganization of the service system, will gradually transfer the operating rights and autonomous vehicles for this business to FutureLink. Based on this, FutureLink plans to accelerate the commercialization of autonomous taxi services in South Korea.

Hwang Jungil, CEO of PonyLink, stated, “This investment is a strategic decision to transfer the mobility capabilities built in collaboration between PonyLink and Pony.ai to FutureLink, thereby enhancing expertise and business efficiency. PonyLink will lay the groundwork to realize the growth potential of the domestic autonomous driving business together with FutureLink and will actively attract investment in related businesses.”

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