“We consider the development of secure payment services for electric vehicles to be one of the most important tasks in this new sector. “The challenges of introducing electric vehicles can only be solved by developing new concepts,” said CEO and co-founder Daniel ES Kim. Major OEMs and Charge Point Operators (CPO) around the world have started integrating PnC into their vehicles and charging stations to create a charging ecosystem. Additionally, the PnC protocol requires a proven PKI (Public Key Infrastructure) system that is end-to-end encrypted and provided by Autocrypt to eliminate payment security issues that may arise during the billing process. PnC is a technology defined by ISO-15118 that allows users to easily connect their vehicle to a charging station and automatically identify itself to the network. Through security solutions for V2X, V2G (including PnC security), in-vehicle systems, and fleet management, AUTOCRYPT ensures that security is prioritized before vehicles hit the road.Seoul, South Korea, March 2 /PRNewswire/ -ĮV and charging security solution provider Autocrypt announced that it has integrated its PnC (Plug&Charge) authentication system into Hyundai Motor’s E-CSP (E-pit Charging Service Platform), part of the expansion of the E-pit charging infrastructure it is.Į-pit is Hyundai Motor’s fastest charging infrastructure and E-CSP charging service platform uses PnC technology to improve safety and convenience. The company also plans to showcase its newest Plug&Charge (PnC) and EV-related offerings in Oslo at the 2022 International Electric Vehicle Symposium & Exhibition (EVS35).ĪUTOCRYPT is the leading player in automotive and smart mobility technologies, paving the way for C-ITS and autonomous driving through a multi-layered, holistic approach. Both tools are essential for today's increasingly software-oriented E/E architecture.
AUTOCRYPT PKI SOFTWARE
Security Analyzer is an SBOM-based software vulnerability analysis platform, protecting vehicle software throughout its entire lifecycle, while Security Fuzzer effectively detects software flaws through smart fuzzing. AUTOCRYPT already manages security and PKI for all C-ITS projects on the Korean peninsula.īesides its advancements in V2X security, AUTOCRYPT has also added Security Analyzer™ and Security Fuzzer™ to its in-vehicle systems security solution. Kim continued regarding AUTOCRYPT's plans for the next year, remarking, "We believe secure V2X will be the key to wider adoption of autonomous driving – this means implementing secure V2X connectivity in not just vehicles, but roads, infrastructure, but also pedestrian devices." Kim refers to AutoCrypt SCMS, a tri-standard compliant PKI for message verification across all types of end-entities in the V2X environment.ĪUTOCRYPT is currently in talks with several public agencies across the globe to implement its V2X security and SCMS for C-ITS projects. Establishing subsidiaries in Toronto, Canada and Munich, Germany, AUTOCRYPT is quickly growing its foothold in Europe and North America, with plans to open its Singapore office later this year.ĬEO and co-Founder Daniel ES Kim said in a statement regarding the funding round, "We're proud of AUTOCRYPT's progressive growth, and believe the investments are a reflection of the tremendous amounts of effort we have put into cultivating relationships in this rapidly changing industry of connected mobility."
AUTOCRYPT PKI SERIES
In 2020, the company closed its Series A round with $15 million and began its Series B round in late 2021 with the goal to expand its V2X offerings globally. Leading backers included Korea Asset Investment Securities, Ulmus Investment, BSK Investment, Shinhan Venture Investments, JB Asset Management, STIC Ventures, Pathfinder H, and Hyundai Venture Investment. SEOUL, South Korea, /PRNewswire/ - AUTOCRYPT, a leading secure mobility and V2X communications company, has raised a $25.5 million Series B round, with post-money valuation of $120 million.
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