MVL successfully raised 5.6 billion won in a Series A round


MVL successfully raised 5.6 billion won in a Series A round 


MVL Labs, a blockchain based mobility platform company, has successfully raised 5.6 billion won in its series A funding round. The funding was led by SV Investment, with additional investment from Simwon and Central.

# SV Investment
SV Investment is a venture capital company established in April 5, 2006 under the Support for Small and Medium Enterprise Establishment Act. Since its establishment, SV Investment has raised approximately 831.5 billion won from VC investment associations and PEFs. It has been recognized for its competitiveness as a venture capital in various fields such as bio/healthcare, cultural contents, secondary, and mobile/IT companies.

# Simwon
Simwon has a major customer in global automobiles, especially electric vehicles, and produces body parts that form the backbone of automobiles.

# Central
Central works with more than 23 global OEM companies and also deals with electric car makers such as Tesla and Byton based on its lightweight technology. Its Ball Joint sectors has the no.1 market share in Russia and Myanmar, and its AM(After Market) sector deals with over 300 companies around the world. It has established a Vietnam subsidiary to expand its AM market share in Southeast Asia.