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PIT IN raises 12 billion won in Series A to build distributed energy platform for commercial EVs, with strategic backing from Hyundai Motor Group's ZER01NE.
Amount Raised
₩12 Billion
Round Type
Series A
Investors
Description
PIT IN, a commercial electric vehicle energy platform startup spun off from Hyundai Motor in 2023, raised 12 billion won in Series A funding. The round was led by ZER01NE, the open innovation platform of Hyundai Motor Group, alongside investors Nautilus Investment, the Credit Guarantee Fund, and Korea Asset Investment Securities. The company plans to use the capital to develop its distributed energy platform, connecting battery swap stations to the power grid through Station-to-Grid (S2G) technology. Over three years, PIT IN will invest 4 billion won in R&D to advance this technology and expand its commercial EV energy solutions.
Fundz sees it the moment PIT IN raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansPIT IN raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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