FortyTwoDot Raises KRW 500.3 Billion via New Share Issuance

42dot, an AI specialized company responsible for Hyundai Motor Group's core future mobility power, is making all-out efforts through a large-scale paid-in capital increase to advance SDV (Software Defined Vehicle) technology and secure global talent. Hyundai Motor Company and Kia are participating as strategic investors in this capital increase, totaling 500.3 billion won, lending strength to 42dot's mid-to-long-term vision. Through this investment, 42dot plans to further accelerate the development of core software platforms such as the vehicle operating system 'Pleos Vehicle OS', autonomous driving AI 'Atria AI', and agentic AI 'Gleo AI', and expand its GPU infrastructure to strengthen its AI capabilities. In particular, based on its global R&D hubs, the company aims to actively recruit top talent worldwide to secure technological leadership and maximize competitiveness in the mobility software field. This is a strategic choice focused on preempting future technologies and securing talent rather than short-term financial performance. 42dot has already proven its technological prowess with a full-stack SDV solution showcased at the 'Pleos 25' tech conference in 2025. It is leading the SDV transition through a fabless OEM model that provides an end-to-end development process, from vehicle concept design to validation and application in mass-produced vehicles. This technological capability is also reflected in Hyundai Motor Group's SDV roadmap, and 42dot is set to play a pivotal role as a key partner for the group, with the goal of developing SDV 'pace cars' in 2026 and applying them to mass-produced vehicles in 2027. 42dot, which operates global R&D hubs in countries like the U.S., Poland, Australia, and China, in addition to its Korean headquarters, and is actively attracting talent, is expected to leverage this paid-in capital increase as a springboard to establish unparalleled leadership in the future mobility technology market and achieve sustainable growth.