[PlugLink = July 25, 2024] PlugLink, an Electric Vehicle Platform Charging Service Provider (CPO) led by CEO Kang In-chul, has announced that it has signed an investment agreement with KDB Infrastructure Asset Management, the largest alternative investment-focused asset management company in Korea, for a total investment of 10 billion won in electric vehicle charging infrastructure.

This investment agreement involves an additional 10 billion won investment following the initial 15 billion won agreement made in January 2023. The investment will be carried out by a fund managed by KDB Infrastructure Asset Management.

To date, PlugLink has attracted a total of 40.5 billion won in investments, including 26.6 billion won in cumulative asset investments and 14 billion won in cumulative corporate investments. Leveraging this ongoing large-scale investment, PlugLink achieved the third-highest ranking among charging operators based solely on new installations of slow chargers last year, and is currently providing total charging services for over 13,000 chargers.

Kang In-chul, CEO of PlugLink, stated, “Having demonstrated our capabilities in structured finance and operational performance for charging infrastructure, we will continue to expand our funding through collaborations with various financial institutions.”