Pluglink, a South Korean electric vehicle (EV) Charging Platform Operator(CPO), has successfully raised approximately USD 37.5 million(KRW 45 billion) in its latest funding round. The investment, led by domestic private equity firm JKL Partners as a new investor, bolsters Pluglink’s cumulative funding to USD 71.7 million(KRW 86 billion), comprising USD 49.2 million(KRW 59 billion) in corporate investments and USD 22.5 million(KRW 27 billion) in asset investments.

Founded in 2021, Pluglink leverages advanced IT capabilities to enhance the EV charging experience, focusing on user-centric solutions. The company has deployed and operates approximately 18,000 slow-charging stations, primarily in public housing and residential areas across South Korea. Despite a temporary slowdown in EV demand, Pluglink achieved profitability in 2024, just three years after its inception, through IT-driven operational efficiencies.

Further solidifying its market position, Pluglink was selected as the implementing agency for the Ministry of Environment’s 2025 slow-charging infrastructure subsidy program, marking its fourth consecutive year securing this role. This achievement underscores Pluglink’s stability and technological prowess, even amidst the ministry’s stricter criteria.

In-Jeol Kang, CEO of Pluglink, stated, “Aiming to become a top-three player, we will expand our charging infrastructure this year, pursuing both organic growth and inorganic growth through M&A. By providing a stable charging environment and a user-focused platform, we aim to strengthen our industry leadership.”