PlugLink has secured $13.8 million (20 billion KRW) in funding to accelerate its electric vehicle charging infrastructure expansion following a year of strong operational performance and revenue growth.

The investment reflects market confidence in PlugLink’s charging platform competitiveness and long-term growth potential, driven by the company’s proven track record in operating charging infrastructure and its scalable business model.

Since acquiring Hanwha Solutions’ EV charging assets in May 2025, PlugLink has rapidly expanded its business foundation by systematically integrating these charging assets. The integration strategy improved service consistency and quality across the network, directly contributing to infrastructure expansion and changing usage patterns.

Building on this momentum, PlugLink became Korea’s leading slow charger installer in 2025 by annual installation volume. The achievement demonstrates how the company’s dual focus on infrastructure deployment and management has translated into measurable market success.

PlugLink now operates 35,219 installed chargers with over 200,000 registered members. The company maintains service quality through data-driven management systems even as it scales infrastructure deployment.

This growth trajectory aligns with recent government policy directions on EV charging infrastructure development, positioning PlugLink favorably within Korea’s evolving electric mobility ecosystem.

With the new capital, PlugLink plans to upgrade existing infrastructure while expanding its charging network through strategic partnerships and selective acquisitions in the charging infrastructure sector.

“The experience and data we’ve accumulated since acquiring Hanwha Solutions’ EV charging assets has been the foundation for our rapid growth,” said Inchul Kang, CEO of PlugLink. “With our 2025 achievement as the leading installer, we’re targeting to become the dominant player in Korea’s EV charging market in 2026.”

PlugLink will continue leveraging operational data and field experience to expand its charging infrastructure while strengthening the charging convenience and service quality that EV users can directly experience.