EasternGear Achieves Triple Crown with In-House Technology,
Accelerates Global Expansion with Series A Funding
This year, EasternGear achieved a remarkable triple crown by winning the Grand Prize at the “2024 GIF Global Startup IDEA Contest,” followed by the Excellence Award at “2024 Rechallenge Success Package Reignite IR” and the Encouragement Award at “RoboWorld IR Innovation Day.” Through these achievements, EasternGear’s technological capabilities were officially recognized, confirming its potential for growth.
In particular, EasternGear has been actively attracting Series A funding this year, securing a total of 2 billion KRW to date. This capital will be used to develop globoid worm gear technology and drive product innovation, enabling the company to deliver even greater value to customers both domestically and abroad. Going forward, EasternGear plans to continue raising additional funds to focus on expanding into the global market and developing cutting-edge technologies.
Kwak Yoo-hyeon, CEO of EasternGear, expressed his ambitions, stating, “Building on the success of our triple crown and subsequent successful funding, we will further expand our presence in the global market and continue providing innovative products that meet customer expectations.”
Source: [https://robotzine.co.kr/entry/272032]
