ALON, a Korean startup operating the electric vehicle charging solution ‘Chargemate,’ secures seed bridge funding from Sopoong Ventures and Lotte Ventures. ALON, which previously received investment from Sopoong Ventures in June, has successfully closed its seed bridge round, aligned with the completion of Lotte Ventures’ ‘L-CAMP’ program.

The company is focused on enhancing the safety and convenience of electric vehicle (EV) charging systems while keeping costs low by driving digital transformation in the EV charging industry. Leveraging IoT cloud technology, ALON integrates chargers, EVs, IoT devices, parking systems, and more through software, offering features like a step-by-step fire response system and enhanced charging convenience.

Currently, ALON is expanding the reach of its “Chargemate” solution, with operations centered in apartments, hotels, office buildings, and shopping malls. The investment provides a strong foundation for exploring diverse B2B business opportunities. Earlier this year, in March, ALON signed a memorandum of understanding (MOU) with Kakao Mobility to further enhance the convenience of EV charging services.

Ji Hyun-seok, Chief Auditor at Sopoong Ventures, said, “This team has a clear understanding of the challenges in the EV charging industry and the technology to address them. Their innovation is critical for building a safe and convenient charging environment as electric vehicles continue to gain traction, supporting the transition to carbon neutrality.”

Nam Jaehyun, CEO of ALON, remarked, “This investment allows us to accelerate the advancement of IoT-based charging system solutions. Our goal is to drive the digital transformation of the domestic charging market by expanding partnerships across the industry and establishing a unique and competitive business model.”