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Founded Year

2017

Stage

Series A | Alive

Total Raised

$12.87M

Last Raised

$12.35M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+67 points in the past 30 days

About Mars Auto

Mars Auto focuses on developing autonomous trucks for the commercial trucking industry. The company's main offerings include self-driving technology designed to fully automate long-haul truck operations, leveraging a data-driven approach for learning driving policies from actual driving data. Mars Auto primarily sells to the commercial trucking industry. It was founded in 2017 and is based in Seoul, South Korea.

Headquarters Location

376, Gangnam-daero, Gangnam-gu

Seoul, 06232,

South Korea

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Mars Auto's Product Videos

Mars Auto's Products & Differentiators

    Mars Pilot

    Mars Pilot is an automated driving system designed for trucking, to completely automate long-haul trucking operation.

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Research containing Mars Auto

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Mars Auto in 1 CB Insights research brief, most recently on Mar 21, 2024.

Expert Collections containing Mars Auto

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Mars Auto is included in 2 Expert Collections, including Auto Tech.

A

Auto Tech

2,550 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

S

Supply Chain & Logistics Tech

4,637 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

Latest Mars Auto News

Government Announces Pilot Zones for Autonomous Freight Transport on Highway

Jul 9, 2024

Government Announces Pilot Zones for Autonomous Freight Transport on Highway Print Editor Jung Min-hee 닫기 A “self-driving truck” by software development and supply company Mars Auto. (Photo provided by Mars Auto) The Ministry of Land, Infrastructure and Transport has announced a significant development in the realm of autonomous freight transport. On July 9, the ministry revealed plans to designate pilot operation zones for freight transport by identifying long-distance and wide-area routes, including highways. This announcement comes in conjunction with the revised Autonomous Vehicle Act, which will come into effect on July 10. The revised act, which was amended in January, allows the ministry to designate wide-area routes as pilot operation zones through consultations with local governments, even without applications from the heads of local governments. This change aims to eliminate the previous limitations that made it difficult to designate long-distance and wide-area routes spanning multiple local governments as pilot operation zones. "The ministry plans to designate pilot operation zones for freight transport by identifying long-distance and wide-area routes, including highways," stated a representative from the Ministry of Land, Infrastructure and Transport. "The ministry also plans to establish and announce the licensing criteria for the autonomous freight transport business." Until now, pilot operation zones were designated based on applications from local government heads, which resulted in 35 out of the 36 pilot operation zones nationwide being limited to single local governments. This restriction made it challenging to designate the long-distance routes necessary for demonstrating autonomous freight transport technology. The only exception was the Chungcheong area, which included Daejeon City, Sejong City, and Chungbuk province. The ministry's new approach aims to address these challenges by actively identifying autonomous freight transport routes under the revised law. Demonstrating autonomous freight transport technology on long-distance routes, such as highways, is essential for its development and broader adoption. Pilot operation zones will serve as special districts where various regulatory exceptions, such as paid transport exceptions and automobile safety standards exceptions, are possible. These zones will facilitate the demonstration of various services using autonomous driving technology, thereby promoting innovation and development in the industry. To further support the autonomous freight transport business, the ministry plans to establish the necessary conditions to eliminate uncertainties in the industry. This includes preparing detailed standards and procedures for safety verification, such as a 60-day pre-operation period, prohibition of hazardous materials loading, and mandatory liability insurance. As the revised Autonomous Vehicle Act comes into effect, the ministry's efforts to designate pilot operation zones and establish clear licensing criteria are expected to pave the way for significant advancements in autonomous freight transport.

Mars Auto Frequently Asked Questions (FAQ)

  • When was Mars Auto founded?

    Mars Auto was founded in 2017.

  • Where is Mars Auto's headquarters?

    Mars Auto's headquarters is located at 376, Gangnam-daero, Gangnam-gu, Seoul.

  • What is Mars Auto's latest funding round?

    Mars Auto's latest funding round is Series A.

  • How much did Mars Auto raise?

    Mars Auto raised a total of $12.87M.

  • Who are the investors of Mars Auto?

    Investors of Mars Auto include CENTRAL, Mirae Asset Venture Investment, GFT Ventures, Y Combinator, TIPS Program and 6 more.

  • Who are Mars Auto's competitors?

    Competitors of Mars Auto include Waymo, KargoBot, BaseTracK, Stack, Embark Trucks and 7 more.

  • What products does Mars Auto offer?

    Mars Auto's products include Mars Pilot and 1 more.

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