South Korean eco-friendly ride-hailing company SoCar has bagged around 50 billion won ($44.5 million) in Series D funding round.
The round was led by Altos Ventures, SoftBank Ventures Korea, KB Investment, and Stonebridge Ventures.
With the net outcome, SoCar will invest in research and development (R&D) to improve mobility services via its platform.
The company, which has total funding to date to $174.1 million, expects to hit $528 million in revenue this year.