모트렉스

Automotive electronics specialist Motrex Co., Ltd. announced that it will actively promote the nurturing of startups and vitalize the local entrepreneurship ecosystem based on the Widen Tower in the Second Pangyo Techno Valley.

Motrex revealed on XX [date] that it has participated as a key limited partner in the formation of the “Widen-BDC Startup Investment Fund No.1,” a fund of approximately KRW 4 billion established with the participation of four Widen Tower holding companies and major private investors.

This investment fund aims to discover promising startups based at Widen Tower in Second Pangyo, while providing initial investments, incubation, and support for their subsequent growth.

Through its involvement in this fund, Motrex plans to help transform Widen Tower from a mere company building into a core hub for entrepreneurship and investment in Second Pangyo.

The fund’s main limited partners include Motrex, INNOX Advanced Materials, S-TRAFIC, and YMC, the four holding companies of Widen Tower. Their combined investment totals approximately KRW 2 billion, accounting for more than half of the fund's total capital.

The fund will be managed by BDC Accelerator as the General Partner (GP). Other investors include ES Motors, ALT, KS Korea Employment Information, KB Autosys, and BDCLabs.

Motrex has extensive experience in the development and supply of products for various vehicle platforms, including infotainment systems (IVI), purpose-built vehicles (PBV), autonomous robotaxis, and special-purpose mobility.

In particular, Motrex has built capabilities in next-generation mobility electronics, supplying key internal and external vehicle interface components such as infotainment solutions for autonomous robotaxis, rear seat entertainment (RSE) systems, and external displays.

This business experience positions Motrex as not only a financial investor, but also a strategic partner capable of evaluating the technologies and business potential of startups from an industry perspective.

Motrex intends to increase engagement with startups based at Widen Tower and seek collaboration opportunities in mobility, automotive electronics, display, and platform sectors.

The fund’s first investment candidate will be selected from resident companies at Widen Tower. The partnership will establish a system to provide growth support by continuously assessing resident companies’ technological competitiveness, business potential, and growth velocity, offering support from initial investment and incubation to follow-up funding.

A Motrex representative stated, “Participation in this investment fund marks a significant starting point for expanding Widen Tower into a core base for startup development in the Second Pangyo region. Leveraging our accumulated experience in automotive electronics and mobility, Motrex will explore collaboration with promising startups to help revitalize the local startup ecosystem.”