Socar Korea

Socar is a Korean eco-friendly car sharing community that allows travelers to share cars with others who are traveling the same route. Socar raising a $18 million round of funding at 2015 which was one of the highest funding deals for a South Korean startup to date. Most notably, it was led by a US investor: Bain Capital, a private investment firm with $80 billion in assets under management. Socar was founded in March 2012, and it has a website and smartphone apps that let users book cars for their own use. Service has over registered users, of whom use the service each month. Around transactions per month — that’s more than one car booking each 30 seconds.