RideFlux, an autonomous driving AI software company, said on Aug. 18 that it submitted an application for preliminary review for a KOSDAQ listing to the Korea Exchange on Aug. 14. RideFlux passed its technology assessment in May after receiving A ratings from both of the two professional evaluation agencies designated by the Korea Exchange. Korea Investment & Securities and Woori Investment Securities are the lead underwriters, and the company is targeting a KOSDAQ listing in the second half. RideFlux has raised a cumulative 88.2 billion won in investment. Founded in 2018, RideFlux describes itself as a company with full-stack technology for Level 4 driverless autonomous driving, covering perception and localization, decision-making and control, high-definition maps and remote operations. The company said its core software architecture, “RideFlux Driver™,” can be applied across vehicle types including passenger cars, buses and heavy-duty trucks. RideFlux also highlights that it is the only company to have received a temporary permit for “driver-out” autonomous driving from the Ministry of Land, Infrastructure and Transport, allowing operation without a safety operator in the driver’s seat. The company has accumulated more than 3,300 hours of test data in Seoul’s Sangam area and plans to launch a public driverless robotaxi service, with a safety operator in the passenger seat, by the end of this year. In passenger transportation, RideFlux is conducting projects including late-night autonomous bus operations on Busan’s bus rapid transit system and a Level 4 car-sharing demonstration. It is also participating with Hyundai Motor Group and others in a large-scale autonomous driving demonstration city project spanning Gwangju. In freight transportation, RideFlux has obtained approval for paid “hub-to-hub” freight services connecting highways and urban roads. Since July, it has been regularly operating Hanjin’s 25-ton heavy-duty autonomous truck on a 116-kilometer route linking Gunsan, Jeonju and Daejeon. RideFlux said it