• WEFLO succeeded in attracting 2.5 billion won worth of bridge investment and achieved accumulated investment of 6.3 billion won.
• Based on the performance of the 'Drone Intelligent Inspection Solution' project, the investment of Stone Bridge Ventures with drone and AAM portfolios is driven...Existing investment companies also proceed with follow-up investments

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WEFLO succeeded in attracting 2.5 billion won worth of bridge investment from Lotte VC-IBK-Stone Bridge VC. ( Image=Courtesy of WEFLO)

WEFLO (CEO Kim Eui-jung), a company specializing in future mobility AI, recently announced on the 21st that it has completed attracting 2.5 billion won worth of pre-series A bridge investment. Stone Bridge Ventures participated as a new investment company in this investment round, and existing investment companies Lotte Ventures and IBK Industrial Bank participated.

WEFLO received an investment of 3 billion won in the Pre-A series in July last year, and achieved accumulated investment of 6.3 billion won in two and a half years after its establishment. Through this bridge investment, Wiplo plans to verify its potential in the future aviation mobility (AAM) market and attract follow-up investments such as △ KITIA △ Scale-up Tips.

2022 WEFLO, which started as Hanwha System's in-house venture in April last year, is a start-up that CEO Kim Eui-jung spun off independently with professional researchers in the field of defense and mobility. It is developing fusion sensors and AI technologies that can check the state of future mobility gases such as drones, air taxis, and electric vehicles in a non-contact manner within 10 seconds and build a systematic database.

As part of the Ministry of Land, Infrastructure and Transport's "Drone Delivery Demonstration Project" in 2023, WEFLO completed the construction of a "verti-Pit" that enables unmanned inspection based on sensors and AI in 15 locations across the country. This year, it is also expanding its integrated infrastructure that enables not only drone inspection but also control and logistics delivery, such as the 'Drone Delivery Center'. Based on the case of domestic commercialization and air mobility infrastructure construction, Georgia, USA, NASA to join the AAM Working Group, ‘2024 EAA It is also participating in the 'Air Venture Oshkoshi' and accelerating its global expansion.

in this way Lotte Ventures and IBK Industrial Bank, the existing investment companies, said they made additional investments as positive business moves are expected in consideration of Wiplo's business status and market conditions. In addition, Stone Bridge Ventures, which has a number of portfolios related to drones and future aviation mobility (AAM), is drawing attention from the industry by participating in a new investment round, appreciating Wiplo's expertise and technology.

Park Sun-jae, head of Stone Bridge Ventures, said, "At a time when the establishment of a new and systematic safety system for future mobility is important, WEFLO's technology will be able to fill the technical gap in the diagnosis and inspection area," adding, "We are leading the market as a major partner in building domestic drone delivery infrastructure and AAM abroad."We positively reviewed what is expected to enter the market."said

Kim Eui-jung, CEO of WEFLO, said, "In recognition of various domestic and foreign activities and business performances, we have attracted continuous investment from existing investment companies and attracted new investments from large VCs with key portfolios in related markets," adding, "We will do our best to become a company that can lead the airframe inspection and forecast maintenance market using AI technology in line with the rapidly growing domestic future air transportation (AAM) market, which is expected to be around 1 trillion won in 2025."