HL Mando Corporation
21 Pangyo-ro 255beon-gil, Seongnam-si, Gyeonggi-do, 13486, South Korea
Overview
HL Mando is a provider of electric vehicles (EVs) and self-driving technologies and specializes in critical automotive safety components.
- Total investments
- 7
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Electric Vehicle
- Manufacturing
Investment portfolio
- bitsensing
Participated · Series B · Jun 2024
Bitsensing develops high-resolution 4D imaging radar systems for autonomous vehicles and adjacent markets such as smart cities and digital health. Its core products include surround-detection automotive radars with range coverage of more than 300 meters and a claimed 50% improvement in detection range versus conventional radar. The company also offers TIMOS, a traffic insight monitoring sensor that integrates edge AI (powered by an Nvidia Jetson GPU) to fuse camera and radar data for traffic management; TIMOS is deployed across six countries and provides visibility across 12 lanes of traffic. Bitsensing is pursuing additional commercial applications including sleep-care monitoring for apnea and limb movements and provides APIs for integration into senior care facilities and hospitals. The startup says it is in a revenue-growth stage and aims to expand globally via strategic partnerships, hardware and software sales, data, and licensing contracts. Bitsensing was founded in 2018 in South Korea and has raised $46 million in total to date. bitsensing develops 4D imaging radar technology and sensor-fusion AI solutions intended to enable smart cities and connected living. The company builds radar solutions across business areas and has introduced a wellness solution that provides sleep analysis, lifestyle recommendations, and early-stage illness prediction from accumulated sleep data. Led by CEO Dr. Jae‑Eun Lee, bitsensing combines imaging radar hardware with software and AI to deliver sensing and analytics services. The company raised $10M in a Series A to advance its radar solutions and services. It plans to use the funds to expand its business and enter global markets. bitsensing is based in Seoul, South Korea. Bitsensing develops radar-based sensing technology that leverages radar sensors to detect targets and track and map activity in real time without creating privacy issues and while maintaining performance in harsh weather. The company's sensors are positioned for use across automotive, smart home, robotics and autonomous driving applications. Led by CEO Jae-eun Lee, Bitsensing has joined programs and partnerships including NVIDIA Inception, an Infineon partnership, Plug and Play Japan for Mobility and Plug and Play Thailand for Smart Cities. The startup intends to use its latest funding to further enhance its technology, expand offerings in key industries and grow its global presence and partnerships. Financially, Bitsensing had previously raised $1.2M in seed rounds and reports total equity financing of $7.0M following the new round. The company is based in Seoul, South Korea.
- Alodokter
Led · Equity · Feb 2024
Alodokter began as a telemedicine and doctor-appointment service and has expanded into a comprehensive digital health platform. Its offerings now include health education, an online pharmacy called Aloshop, and an insurtech product Aloproteksi (in partnership with Sequis and Cermati). The company acquired Diary Bunda, a pregnancy-tracking app, from investor Marubeni as part of its expansion. Alodokter reported reaching profitability in 2023 and is targeting higher profitability in 2024. Telemedicine contributes roughly 30%–40% of its monthly revenue, with the remainder coming from bookings, Aloshop, Aloproteksi, and content/advertising. It competes in Indonesia with players such as Halodoc and Good Doctor Indonesia. Alodokter provides an end-to-end digital healthcare platform that includes reliable health content, telemedicine with general practitioners and specialists, online doctor booking, e-pharmacy and affordable insurance packages. The company reports more than 30 million monthly active users, over 43,000 certified doctors and connections to roughly 1,500 hospitals and clinics, serving millions of patients in Indonesia. Founded in 2014 by Nathanael Faibis and Suci Arumsari, Alodokter has positioned itself as a healthcare superapp focused on digitizing patient access and provider services. The company plans to use new funding to further expand and digitize the healthcare ecosystem, develop new products, and add features and functionalities. Key operational priorities include technology innovation, increasing the talent pool, and integrating the platform with state-owned enterprises to broaden tech-enabled healthcare access. Alodokter operates an online platform offering health information and enabling users to interact with qualified doctors. The company was founded in May 2014 by Nathanael Faibis and is based in Jakarta, Indonesia. According to the company, the platform attracts more than 1 million monthly unique visitors. Alodokter raised a seed funding round (amount undisclosed) to support growth. The company intends to use the funds to expand its operations and grow its base of doctors. The platform’s core product centers on accessible health information and doctor–patient interaction online.
- GenGenAI
Participated · Series A · Dec 2023
GenGenAI develops AI synthetic-data solutions using proprietary domain-specialized generative models to create, transform, and synthesize training data. Its commercial offerings include ‘GenGenData’ (custom synthetic datasets) and ‘GenGenVision’ (vision AI delivered via SDK/API), and it is developing a self-serve ‘GenGenStudio’ platform. The company says its technology reduces time and cost for data collection by converting existing data, synthesizing variants, or generating wholly new data. GenGenAI plans to expand into mobility, defense, and healthcare where labeled training data is in high demand. Founded in January 2022, the company recently raised a pre-Series A and has total disclosed funding of ₩5.3B to date. It was also selected for Korea’s Scale-up TIPS program and will receive up to ₩1.2B in R&D support over three years.
- TuSimple
Participated · Series D · Sep 2019
TuSimple develops self‑driving truck systems and operates testing fleets with human safety operators for long‑haul highway routes. The company began public‑road testing in 2018, including a 120‑mile stretch between Tucson and Phoenix and segments in Shanghai. It maintains a global headquarters in San Diego, an engineering center and truck depot in Tucson, and additional operations and a facility in Texas to support autonomous trips; it also has operations in Beijing and Shanghai. TuSimple has expanded its commercial partnerships and investor base to include logistics and automotive players such as UPS, Mando, Traton Group and U.S. Xpress. The company continues to scale testing and operations in the U.S. while diversifying strategic investors and customers. Financially, TuSimple has raised $648 million since its 2015 founding, including a recent $350 million round. TuSimple develops autonomous driving systems and software for heavy commercial trucks. The company operates a fleet of 40 self-driving trucks in the U.S., used for testing and freight runs between Arizona and Texas. TuSimple was launched in 2015 and has operations in China, San Diego and Tucson, Arizona. It is backed by investors including Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation. TuSimple is working with partners to move from retrofitting to purpose-built autonomous semis, including a 2024 production plan with Navistar. The new partnership with Traton will expand operations into Europe and aims to develop Level 4 autonomy on Scania trucks, beginning testing on a route between Södertälje and Jönköping in Sweden. TuSimple builds a full-stack Level 4 autonomous driving system for long-haul trucks. The company operates testing programs and fleets in China, San Diego and Tucson, Arizona, and reports more than 50 trucks and 18 contracted customers. TuSimple was founded in 2015. It plans to use new funding to continue developing its autonomous vehicle technology and to expand long-haul routes in Arizona and Texas. Financially, the company has raised $298 million in total funding to date. TuSimple has conducted public-road testing since 2018 and runs daily tests with partners such as UPS on routes between Phoenix and Tucson. TuSimple develops camera-centric Level 4 autonomous driving systems for commercial trucks and operates daily commercial routes in Arizona. The company runs three to five fully autonomous trips per day across three routes and has 12 contracted customers. TuSimple emphasizes a camera-based perception stack (claiming a 1,000-meter vision range) while using LiDAR for mapping and some data collection. On-road trips run with two safety engineers—one behind the wheel and one monitoring data—and the company says these paid runs both generate revenue and validate its system. TuSimple plans to scale its commercial fleet to more than 50 trucks by June and expand fully autonomous deliveries into Texas. It is also funding joint production programs and integrations with OEMs, Tier 1 suppliers and sensor partners to enable commercial production and operation of self-driving trucks. TuSimple develops a full-stack autonomous driving system for line-haul trucking that integrates perception, localization, mapping, motion planning, control and actuation. The company uses advanced sensor fusion of cameras and radars to detect and track objects beyond 200 meters and its localization achieves consistent decimeter-level precision. Its decision-making system adapts to road conditions, including lane changes and speed adjustments, to maximize safety and efficiency. TuSimple demonstrated an SAE Level 4 self-driving system in Shanghai and is ramping up deployments in the U.S., starting in Tucson, Arizona. The company is focused on scaling testing to two full truck fleets—one in China and one in the U.S.—and is building a production engineering team in Tucson while maintaining R&D in San Diego and Beijing. TuSimple is led by CEO Mo Chen.
- SOS LAB
Led · Series A · Oct 2018
SOS LAB develops solid-state LiDAR sensors (including its ML-1 LiDAR-on-chip) focused on automotive applications and broader markets such as security, robotics, industry and smart cities. The company emphasizes beam‑steering, no-moving-parts design to enable high power, long-range detection in a small, mass-producible form factor. SOS LAB reported experience on projects with SEMES, SK Telecom and KT and supplies security LiDAR to the Busan Port Authority. It has an MOU with ON Semiconductor and showcased ML-1 at CES 2020, and earned a CES Asia 2019 Innovation Award in Vehicle Technology. The firm highlights durability, low cost and certification/production partnerships as central to its 2021 commercialization plans. SOS LAB develops optical sensors and actuators, focusing on LiDAR measurement sensors for self-driving cars (SL-1), industrial automation and drones (GL-3), and security (TL-3). The company is based in Gwangju, South Korea. It completed a Series A round securing over $6M to support R&D and commercial expansion. CEO Jiseong Jeong said the funding will enable intensified R&D efforts and a push to attract sales targets and global investors over the next year. SOS LAB has been active in international forums (including AutoSens in Belgium) to showcase its differentiation versus major players. The company has also won first place at the KIC China & Beijing University Incubator Program and was a finalist at Korea’s 2018 IP Startup Demo-Day, and is pursuing partners and investors across the US, China, Japan, Hong Kong, and Finland.
Team
No current team members are available.