News & Info

Published on Aug. 22nd, 2023 by TOPDaily

This article covers Contromax’s successful Series A funding and its global expansion plans.

Contromax secured 6 billion KRW in Series A investment, with 5.28 billion KRW in new funding.
VCs like BHI Investment, ID Ventures, and Bluebus Investment participated, valuing the company at 25 billion KRW post-funding.
Founded by CEO Ha Deok-joo, the company develops compact, integrated electric actuators for aircraft and drones.
Its products are certified for aviation use and support UAM (Urban Air Mobility) systems.
Funds will expand manufacturing in Changwon and support global market entry, including Europe and Israel.

Read the full article (Korean)