Korea South
POSCORE, established in 2023, presents itself as a notable player in the shift towards sustainable automotive manufacturing. Operating out of Korea South, the startup capitalizes on the increasing global demand for eco-friendly motor cores, critical to the evolving electric vehicle sector.
The company utilizes recycled steel scrap to produce eco-friendly magnetic powder and motor cores, aligning with global energy policies focused on reducing CO2 emissions. As countries transition from fossil fuels to electric-powered mobility, POSCORE aims to mitigate the anticipated supply shortages in electrical steel.
With close ties to the steelmaking giant POSCO, POSCORE contributes to Korea’s startup ecosystem and environmental initiatives by fostering collaboration between universities, research institutions, and industries. Their ambition to establish a ‘Magnetic Powder Total Platform’ further cements their intention to lead the K-Powder market.
The company's recent seed investment round on 15 November 2024 sets the stage for future growth and innovation within the sustainable automotive space.
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