Established in 1977, Hyundai Mobis is a South Korean auto parts company that serves as the 'parts and service' arm for Hyundai Motor Company and Kia Motors. With a focus on sensor and artificial intelligence technologies, the company invests in startups primarily in China, often alongside other investors such as ZhenFund and Sequoia Capital. Some notable sponsors of the fund include Hyundai Motor Company, Hanwha Investment Corp, and Global Brain Corporation. The fund typically invests in startups that are 4-5 years old and has a track record of committing exits more frequently than other companies.