As travel and tourism open up post-COVID-19 restrictions, travel and leisure companies are looking forward to a more profitable future. Korean leisure travel platform company Yanolja has expanded its business by investing in rental mobility companies.
Yanolja recently invested in ‘Kaflix’, the No. 1 rental car mobility platform in Korea and has become the second-largest investor in the company. Kaflix started operating Korea’s first car sharing economy service, ‘Jeju Pass’ in 2016 and runs ‘Mosaicar,’ a vehicle subscription service based on an algorithm exclusively for rental cars, which received Korea’s first technology patent. It has the largest small and medium-sized rental car network in Korea, including 450 affiliated companies and 42,000 vehicles. Its strength is a real-time rental car reservation service using a cloud ERP (integrated information system) solution.
Yanolja to add services to its Super App
Jeju Pass, an enterprise value of 200…