MVL Named ‘Top 5 Blockchain Solution Companies in Korea 2023’

Seoul, MVL Labs (MVL), a blockchain mobility company, today announced that it has been recognized as one of the “Top 5 Companies for Blockchain Solutions in South Korea 2023” by APAC CIO Outlook, a leading global business publication.

APAC CIO Outlook is a global ICT magazine with a readership of more than 60,000 readers and 130,000 digital subscribers, targeting key executives and IT personnel in the APAC countries. It covers a wide range of topics including blockchain, ERP and other IT solutions, digital twins, software, and big data, and conducts regular research to discover and highlight innovative companies.

MVL Labs is a company that specializes in revolutionizing the mobility sector using blockchain technology and operates TADA, a Southeast Asia-based ride-hailing platform, and ONiON Mobility, an electric vehicle and infrastructure manufacturing company.

Since its establishment in 2018, TADA has grown to become the leading ride-hailing platform in Southeast Asia with 200,000 drivers and more than 2 million users, while ONiON Mobility has also established a strong presence in the Southeast Asian market mobility space, launching its first battery-swappable electric tricycle, the ONiON T1, last year.

“We are honored to be selected as one of the top five companies in Korea for blockchain solutions,” said Kay Woo, CEO of MVL Labs. “We will continue to lead the transformation of the mobility industry through blockchain technology and secure our competitiveness in the global market” he added.

About MVL Labs

MVL is a blockchain-based mobility company founded in 2018. It has connected the physical mobility environment built on the Southeast Asian market to the blockchain and is realizing a web3 mobility world where ecosystem participants receive rewards for their contributions. Currently, millions of participants are active in the MVL ecosystem based on the growth of practical businesses such as ride-hailing service TADA and ONiON Mobility, which produces electric vehicles and related infrastructure.