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Green Car

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App-based car-sharing service for short-term rentals

Seoul, South KoreaFounded 2009
Valuation $100–250M Last recorded · 2018
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Green Car and the history behind them.

About Green Car

Greencar Co., Ltd., which now operates under the brand name Lotte Rent-a-Car G car, is a pioneering car-sharing company in South Korea. Established in December 2009, the company launched the country's first commercial car-sharing service in September 2011, preceding its main competitor, Socar. The service allows users to rent vehicles for short periods, starting from a minimum of 30 minutes and bookable in 10-minute increments, through a mobile application.

The company's business model is centered on providing convenient, non-face-to-face vehicle access 24/7 from numerous designated parking zones called "G car Zones" or "Green Zones". The business operates on a pay-per-use basis, where fees are calculated based on the rental duration and distance driven. The entire process, from reservation to unlocking the vehicle, is handled through the G car smartphone app, which functions as a smart key. The platform serves individuals who need a car for various purposes such as dates, business trips, shopping, or travel without the burden of ownership. In 2019, the company expanded its services by launching 'Car Wash Cling', a non-face-to-face, eco-friendly car wash service.

Greencar has undergone several ownership changes. In 2013, KT Rental acquired the company, and subsequently, Lotte Group acquired KT Rental in 2015, making Greencar a subsidiary of Lotte Rental. Lotte Rental itself has been a dominant force in Asia's rental car market. In September 2024, the service was rebranded from Green Car to Lotte Rent-a-Car G car. More recently, in early 2025, private equity firm Affinity Equity Partners agreed to acquire a controlling stake in Lotte Rental, which will operate Lotte Rental and its G car service as a separate entity from its other acquisition, SK Rent-a-Car.

The company's fleet includes a variety of vehicle types, from compact cars to SUVs and hybrid vehicles, to cater to different customer needs. Key features of the service include the 'Smart Welcome' function, which uses BLE technology to unlock the car as the user approaches, and a smart key on the app for functions like locking/unlocking and locating the vehicle. The company emphasizes vehicle cleanliness and maintenance, leveraging the extensive service network of its parent company, Lotte Rental, to ensure vehicle reliability.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2009
Headquarters
Seoul, South Korea
Employees
34
Open positions
1
Dealroom signal
72.3/100

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES C✓Equity / VC Dec 2018 $30M $121M Undisclosed —
OtherOther financing Jan 2011 $0 — D3 Jubilee Partners ↗
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Growth signals

Green Car website traffic

Latest recorded traffic for Green Car is 37K monthly website visits, up 0% over the last three months. Green Car's team grew 9.7% over the past year.

Latest monthly visits37K 3-month web change0% 1-year team growth+9.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Other known investors2 additional known investors

  • D3 Jubilee Partners
  • Quantum Ventures Korea
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇰🇷 South Korea100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Green Car on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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