EVPASS Asset Profile

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Year established

2018

Location

South Korea

Primary Industry

Travel & Leisure

About

Based in South Korea, and founded in 2018 EVPASS operates as a travel and tour company that provides services to tourists that visit the island of Jeju. In October 2022, EVPASS raised seed funding from Korea Tech Incubator for Startups, being selected for Accelerator Investment-Driven Tech Incubator Program. EVPASS provides its clients with services such as accommodation, restaurant, and cafe deals, which are easily accessible via the website. The company is also involved in the development of e-mobility-exclusive tourism-optimized AR (Augmented Reality) smart devices, such as electric kickboards, wheelchairs, and bicycles, for rent to assist tourists with special needs. The company plans to use the October 2022 funding to develop a tourism-type AR smart helmet exclusively for e-mobility and accelerate business growth.

Current Investors

Korea Tech Incubator for Startup

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Primary Industry

Travel & Leisure

Sub Industries

Travel & Tourism, Restaurants & Nightlife, Hotels & Accommodations, Web Applications

Website

www.evpass.co.kr

Verticals

Augmented Reality (AR)

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Dec 2019

95,273,000

(637,476,000)

(669.1%)

(532,445,000)

(558.9%)

31 Dec 2020

31 Dec 2021

31 Dec 2022

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