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READi Robust Machine Attracts KRW 2 billion pre-A Investment

작성일 2023.11.14


READi Robust Machine, which develops and sells a carbon-reduced fuel efficiency improvement system called "READi" through energy recovery of construction equipment, has attracted 2 billion won worth of pre-A investment. Strong Ventures, The Ventures, and Y&G Angel Investment Association participated in this investment.
'READi' is a product with the function of storing/recovering potential energy generated from construction equipment to assist construction machine operation and internal combustion engine. This improves fuel efficiency and effectively reduces carbon generation. For example, the monthly fuel cost based on a 30-ton excavator exceeds about 10 million won, and READi can reduce fuel costs by more than 20% compared to the previous one. In addition to reducing fuel costs, carbon reduction effects can also be achieved. READi Robust Machine plans to mass-produce products targeting excavators by January 2023.
Through this investment, we will mass-produce products and expand models, and we plan to become an electronic hydraulic system company specializing in construction equipment through additional technology development such as automation, diagnostics, and integration with IoT technology, said Taerang Jung, CEO of READi Robust Machine.
Meanwhile, READi Robust Machine has attracted seed investment from startup accelerator primers and has been selected for the TIPS program.