Kakao Mobility Co., Ltd. announced a private placement of 3,778,713 common shares at a price of KRW 58,205 per share for gross proceeds of KRW 219,939,990,165 with new investor The Carlyle Group Inc. (NasdaqGS:CG) through Kilometer Holdings, LP on February 18, 2021. The transaction will include participation through third-party allotment. The round will be raised at post-money valuation of KRW 3,420,000,000,000. The shares will be issued at premium to par value of KRW 100 per share. The transaction has been approved by the board of directors of the company. The expected payment date is March 31, 2021 and issuance date is April 1, 2021.