AutoHands, a Korean mobility service startup, has completed an approximately USD 11 million(KRW 15.5 billion) pre-IPO funding round. The round saw participation from five investors — IBK Capital, Infobank Partners, YG Investment, Cornerstone Investment, and Mirae Asset Securities. Leveraging this funding, AutoHands plans to accelerate its preparations for a KOSDAQ listing.

Founded in 2013, AutoHands offers an integrated mobility service platform encompassing the entire vehicle lifecycle — from purchase and sales to operation and management. Its services include certified used-car programs, online used-car auctions, rental and subscription offerings, extended warranty and residual value protection programs, as well as on-site maintenance and accident compensation services.

The company has steadily expanded its high-quality, consumer-oriented services. Initiatives such as its online home service, seven-day return policy, and certified used-car program have enhanced convenience and trust in the car purchasing experience. Additionally, AutoHands operates company-owned offline branches that provide end-to-end, personalized lifecycle services — from vehicle selection to post-sale management and resale — driving transparency and standardization in Korea’s used-car market.

AutoHands has demonstrated strong and consistent growth. Revenue rose from USD 32.8 million(KRW 45.9 billion) in 2021 to USD 55.4 million(KRW 77.6 billion) in 2022, USD 79.8 million(KRW 111.7 billion) in 2023, and USD 123 million(KRW 172.5 billion) in 2024, reflecting an average annual growth rate of about 55%. The company attributes this performance to its diversified business portfolio and stable revenue structure.

Through this pre-IPO funding, AutoHands has secured stable operational capital, which will be strategically deployed to expand its “AutoInside” retail branches, advance its platform, strengthen AI and big data-based services, and recruit key talent. Earlier in March, AutoHands appointed Mirae Asset Securities as its lead underwriter and officially began preparations for a planned KOSDAQ listing in 2026.

CEO Sungjun Kim commented, “This pre-IPO funding round validates AutoHands’ solid growth and differentiated, customer-centric services in the market. Building on this investment, we will strengthen our AI capabilities and expand our offline network to evolve into a comprehensive mobility solutions provider.”