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§ Private Profile · Seongnam, Kyonggi-do, South Korea
Electric vehicle conversion company repowering internal combustion engine trucks for the logistics sector, focused on decarbonization.
JM.WAVE specializes in repowering aging internal combustion engine trucks into electric vehicles, operating from Changwon-si, South Korea. The company focuses on decarbonizing the logistics sector by offering innovative electric conversion technology for truck owners and operators, thereby extending vehicle lifespans and reducing emissions. In February 2024, JM.WAVE secured KRW 3 billion, approximately $2.2 million USD, in Series A funding to advance its electric truck repowering initiatives and commercialization efforts. This investment round included participation from Brite Energy Partners, A-Stone Ventures, and Kiwoom Asset Management, supporting the vision of CEO Park Jung-min. JM.WAVE is targeting electric truck modification certification by March 2024, with product launches anticipated in the second half of 2024. The organization was founded in 1973.
JM.WAVE has raised $2.2M across 1 funding round.
JM.WAVE has raised $2.2M in total across 1 funding round.
JM.WAVE has raised $2.2M in total across 1 funding round.
JM.WAVE's investors include Aston Ventures, Bright Energy Partners, Kiwoom Asset Management.
JM.WAVE has raised $2.2M across 1 funding round. Most recently, it raised $2.2M Series A in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 20, 2024 | $2.2M Series A | — | Aston Ventures, Bright Energy Partners, Kiwoom Asset Management | Announced |