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ELLECT attracts initial investment from private investors

관리자
30 Sep 2024
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엘렉트, 민간 투자자로부터 프리-A 투자 유치

ELLECT attracts pre-A investment from private investors
[Provided by Busan Alliance Technology Holdings]
 


(Busan = Yonhap News) Reporter Min Young-kyu = Busan Alliance Technology Holdings announced on the 16th that 'ELLECT', a construction machine electrification solution company, has attracted pre-A (initial investment stage of less than 1 billion won) investment from Magna Investment and The Invention Lab.

The specific size of the investment was not disclosed.

ELLECT is developing 'ECO Cube', a construction machine electrification solution module, as its main product.

This product converts internal combustion engine excavators into electric excavators, which are expected to reduce fuel costs by up to 90%.


ELLECT attracted seed investment from Busan Alliance Technology Holdings in August last year and passed the TIPS (Start-up Support Program) in October.

This year, it was also selected for the Ministry of SMEs and Startups' initial start-up package support project. 



youngkyu@yna.co.kr
Sources  : https://www.yna.co.kr/view/AKR20240716063300051?input=1195m 



ELLECT Co., Ltd. ㅣ CEO: Inkyu Choi

Business registration number: 827-87-02684 [Check business information]

Head office: Room 601, 45 Centumdong-ro, Haeundae-gu, Busan RnD Office: Room 201, Corporate Research Center, 54 Charyong-ro 48beon-gil, Uichang-gu, Changwon-si, Gyeongsangnam-doWorkshop: 589 Jinbuksaneop-ro, Masanhappo-gu, Changwon-si, Gyeongsangnam-do 

TEL: 070-8849-2222 ㅣ E-mail: info@ellect.co.kr


The copyright of all works on this site belongs to ELLECT, and unauthorized reproduction or theft is prohibited by the Copyright Act (Article 97, Paragraph 5)

COPYRIGHT ©2023 ELLECT. All Rights Reserved.

ELLECT Co., Ltd. ㅣ CEO: Inkyu Choi ㅣ Business registration number: 827-87-02684 [Check business information]

Head office: Room 601, 45 Centumdong-ro, Haeundae-gu, Busan RnD OfficeRoom 201, Corporate Research Center, 54 Charyong-ro 48beon-gil, Uichang-gu, Changwon-si, Gyeongsangnam-doWorkshop: 589 Jinbuksaneop-ro, Masanhappo-gu, Changwon-si, Gyeongsangnam-do 

TEL: 070-8849-2222 ㅣ E-mailinfo@ellect.co.kr


The copyright of all works on this site belongs to ELLECT, and unauthorized reproduction or theft is prohibited by the Copyright Act (Article 97, Paragraph 5)

COPYRIGHT ©2023 ELLECT. All Rights Reserved.Designed by WebSite.co.kr