Team O2

Team O2 operates "Camoa," a mobility platform that facilitates real-time car rental price comparisons and reservations. Founded in September 2015 by CEO Hong Seong-ju, the company was initially established as Nanum Shop before rebranding to Team O2 and shifting its business model in January 2016. The official launch of the Camoa service occurred in April 2018.

The company's business model is centered on providing a comprehensive platform for small and medium-sized rental car companies, which includes a free rental car management program called "Camoa Partners" to handle reservations and sales. This addresses the challenge these smaller businesses face in a market that has seen significant growth but is dominated by large corporations. Team O2 does not own any vehicles itself. Revenue is generated by connecting users with local rental car providers through its application. The platform serves travelers needing rental vehicles, both domestically in South Korea and internationally.

Team O2 has achieved significant milestones, including securing Series A and Series B funding, with a notable strategic investment from the global travel platform Klook. The company has expanded its services globally, operating in 50 countries as of March 2023. Its cumulative transaction volume has shown substantial growth, surpassing 100 billion KRW by October 2022. The company has also formed strategic partnerships with major players like TMAP and SK Rent-a-Car to enhance its service offerings.

Keywords: car rental platform, mobility as a service, price comparison, online travel agency, vehicle reservation, car rental management, asset-light business model, global travel, MaaS, car sharing, Camoa, vehicle hire, travel technology, online booking