Hycore Co.,Ltd.

The story of Hycore begins with a small, high-performance motor system developed by a doctoral student at Hanyang University in their laboratory. Initially, the goal was to achieve precise movement for robotic joints. However, this motor system opened up possibilities for application in various transportation devices, such as electric bicycles, making people's lives more convenient and sustainable.

Hycore's innovative motor combines precise control and powerful force, differentiating it from traditional motors and playing a key role in making new forms of transportation a reality. Building on this foundation, Hycore provides eco-friendly and efficient mobility solutions, growing into a brand that offers people a smart and sustainable lifestyle.

2012

Establishment of Hycore

· SBA investment attraction and diversification of core technologies

· Attraction of Hanyang Angel Club and Korea venture investment matching fund

·Incorporation and Venture Company Certification

2014

The Birth of core technology (Multi-Synthetic Motor Technology)

· Development of e-Mobility multi-channel and multi-controller technology

· Establishment of cooperation system with Taiwanese OEM factories

· Establishment of technology development system for commercialization of multi-synthetic motor technology

2018

Global expansion

· Establishment of networking in Germany and building of product systems in Europe

· Secured 4 billion KRW in Series A investment (Hyundai Investment Partners, IBK Capital, Magellan Technology Investment, and Hastings Asset Management)

· Established a U.S. branch and built an online and offline distribution system (Amazon, Los Angeles area)

· Established an OEM partnership with a Chinese factory and completed product mass production development

2020

Expansion of the personal mobility business

· Signed a business agreement for electric wheelchair commercialization with the Veterans Health Service and the National Veterans Hospital

· Formed strategic partnerships with Hyundai Motors, Kia, Seoul National University Bundang Hospital, and the Seoul Museum of Art

· Delivered 100 electric trolleys to Hanjin at their various branch locations

· Developed autonomous electric wheelchair in collaboration with Hyundai Motors

· Signed a business agreement with KT

2022

Launched a personal mobility business
for individuals with limited mobility

· Signed a tripartite MOU business agreement with KT Sky Life

· Launched a corporate social responsibility project through Hyundai Motors' India branch

· Developed electric rolltainers for logistics and delivery for Kia's PBV vehicles

· Exhibited autonomous electric wheelchair as a KT partner

· Signed a supply contract for 8,000 electric trolleys for Hanjin delivery drivers, valued at 5.2 billion KRW

2024

Commercialized the world’s first autonomous wheelchair

· Partnered with ModelSolution in the AI robotics mobility sector

· Invested in and partnered with Everybot

· Formed a business partnership and product development collaboration with Hyundai Motors' SDV division

· Formed a business partnership and jointly developed products with Hyundai Motors' Future Design Nano Mobility division

· Signed an MOU for the development of a personal mobility business at Incheon Airport

· Achieved the world's first commercialization of an autonomous wheelchair, recognized as a successful case in the Ministry of Food and Drug Safety's Regulatory Innovation 3.0 program

The story of Hycore begins with a small, high-performance motor system developed by a doctoral student at Hanyang University in their laboratory. Initially, the goal was to achieve precise movement for robotic joints. However, this motor system opened up possibilities for application in various transportation devices, such as electric bicycles, making people's lives more convenient and sustainable.

Hycore's innovative motor combines precise control and powerful force, differentiating it from traditional motors and playing a key role in making new forms of transportation a reality. Building on this foundation, Hycore provides eco-friendly and efficient mobility solutions, growing into a brand that offers people a smart and sustainable lifestyle.