RideFlux

About RideFlux

RideFlux is a South Korean startup founded in 2018 by CEO Junghee Park and CTO Ho Yun. Park holds a Ph.D. in mechanical engineering from MIT, and Yun has a doctorate in mechanical and aerospace engineering from Seoul National University. The company specializes in developing full-stack software solutions for Level 4 autonomous driving systems, which include modules for perception, prediction, planning, control, mapping, and remote operation.

The firm has established its headquarters on Jeju Island, a strategic decision made in 2019 to utilize the island's diverse road environments—including urban areas, highways, coastal roads, and mountainous terrain—as a comprehensive testbed. This location provides varied scenarios and weather conditions crucial for advancing their autonomous driving technology. RideFlux has conducted extensive demonstrations, accumulating over 2,300 hours of autonomous driving data from pilot operations in Seoul's Sangam district with an empty driver's seat.

RideFlux's business model encompasses both passenger and freight transportation. In the passenger sector, the company operates autonomous public transport and car-hailing services like the "Tamra Autonomous Vehicle" and "Nemo Ride" in cities such as Jeju, Seoul, and Busan. These services target use cases like demand-responsive transport and last-mile connections. The company generates revenue through service contracts and direct transactions with end-users for these rides. In the freight sector, RideFlux is developing a 25-ton autonomous truck and plans to launch paid middle-mile autonomous transport services, collaborating with logistics and manufacturing companies like Samdasoo.

The company has secured significant funding to fuel its growth, including a Series B round and a pre-IPO round in late 2025 and early 2026, bringing its total funding to over 88 billion won. Major investors include Atinum Investment, Korea Development Bank, Kakao Mobility, and Socar. RideFlux is planning for a special technology listing on the KOSDAQ market, using the funds to advance its technology and expand its service portfolio, including a larger-scale commercial rollout of its unmanned driving services.