On May 21, 2020, MVL Foundation Pte. Ltd. closed the transaction. The company has amended the terms of the transaction.

The company has received a total of under $10 million in the transaction. On the same date, the company has received second tranche. The round was led by Shinhan Bank and included participation from Samkee Automotive Co., Ltd. (KOSDAQ:A122350) and iloom Inc.