Kia and CODE42.ai combine forces to invest in the new start-up using a proprietary operating system to manage Motability services thus extending Kia’s footprint in the Transportation as a Service (TaaS) sector
Purple M is the new start-up venture powered jointly by Kia Motors and CODE42.ai to speed up the development of EV mobility services. The new start-up plans to create new concepts for mobility services and realise a shared goal of leading innovation in future mobility. ‘Purple M’ will use CODE42.ai’s proprietary Urban Mobility Operating System (UMOS), a comprehensive mobility platform that integrates autonomous vehicle and air transportation services including e-hailing, fleet management, demand-responsive shuttle, and smart logistics. ‘Purple M’ will establish collaborative partnerships with specialist providers to develop a flexible e-mobility infrastructure and offer a wide range of services to a broad customer base. The ‘M’ in ‘Purple M’ stands for ‘mobility’; the purple in the start-up’s name symbolises its desire to challenge convention and reimagine transportation for the future.
In particular, the new start-up aims to contribute to the revitalisation of Korea’s domestic mobility industry by cooperating with various mobility market players, while presenting new standards for mobility business models in the post-coronavirus era. "With the newly established ‘Purple M’, Kia will be reborn as a leader for the era of e-mobility," states Ho Sung Song, CEO and President, Kia. “CODE42.ai is a leading Korean company in the field of future innovation technology, and is the best partner for successfully promoting a differentiated e-mobility service business” he added. Chang Song, founder and CEO of CODE42.ai, will serve as Chairman. Song’s extensive experience with global IT firms and insights into future industries will help lead innovation. Seo Young-wu, a former CEO of Poolus, a carpooling service start-up, is appointed as CEO of Purple M. Seo is considered the right person to successfully lead the company based on his invaluable experience operating mobility service businesses.