Korean media reported that Hyundai Motor Group, a Korean auto giant, announced on Thursday (9th) that it would spin off its four startups as independent companies, and its business covers self-driving robots, artificial intelligence (AI) music playback technology, data analysis, etc., which has become a part of the group’s efforts to break through the framework of the auto industry and explore innovation.
Media such as KED Global and Chosun Ilbo reported on the 9th that four startups invested by ZERO1NE Company Builder, a startup incubator of Hyundai Motor Group, have been split into independent companies, named MOBINN, APLAYZ, SURFF Company and CaREDIT after successfully developing and commercializing technologies.
MOBINN specializes in self-driving delivery robots for "Last Mile Delivery". Equipped with rubber gear, LiDAR sensor and camera, this robot has the ability to go up and down stairs and deliver goods to the door.
APLAYZ is the developer of AI Music Playback App, which can instantly recommend and play music according to the user’s environment, time and weather.
SURFF Company operates a platform for logistics companies to instantly check the available delivery space and alleviate the cargo congestion. The project developed by CaREDIT uses the data of automobile maintenance history to analyze and estimate the service life and maintenance cost of automobile parts.
Hyundai Motor Group owns two brands, Hyundai Motor and Kia Motors. In 2000, the group launched its own startup incubator, Venture Plaza, and in 2021, it changed its name to ZERO1NE Company Builder to attract developers from different fields.
According to the Korea Economic News, the Korean auto giant has successfully fostered 30 independent startups so far.
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