SoluM
- Company typePublic
- Founded2015
- HeadquartersYongin, South Korea
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What SoluM does
SOLUM is a South Korea-headquartered global technology solution provider that designs, manufactures, and deploys electronic shelf label (ESL), digital signage, automotive and power electronics, sensor, and lifestyle products. The company traces its origin to the power module and tuner division of Samsung Electro-Mechanics, which was spun off in 2015, and now operates a unified supply and sales network across 16 countries with manufacturing in Ho Chi Minh City, Vietnam and regional headquarters in Singapore. Its flagship product is the Newton ESL Platform, which features integrated LED indicators that provide real-time shelf-level visual guidance for picking, navigation, and fulfilment, and is sold alongside modules for dynamic pricing, shelf monitoring, retail media networks, shopper heatmap analytics, and retail climate control.
The business is structured around five divisions: ESL & IoT (Newton platform plus retail, food & beverage, industrial, and workplace solutions), Display (content management, remote management, digital menu boards, whiteboards), Automotive & Power (EV charging power modules, AI data center power solutions, HUD, energy storage, lighting), Sensor (IoT sensors), and Lifestyle. SOLUM serves enterprise customers including Samsung Electronics, Macy's, Xiaomi, Tefal, and WHSmith, and has been expanding a partner ecosystem that includes Rynly for fulfilment orchestration, EWQ for ScanToPair integration, M-Cube for content management, IW Technologies as a reseller, and i-charging for EV charging power modules.
Revenue is generated primarily through hardware sales of ESL, display, and automotive/power modules, supplemented by subscription-style platform and IoT services (Newton management system, remote management, content management, analytics), and professional services for deployment and lifecycle support delivered through channel partners such as IW Technologies. Go-to-market combines direct enterprise field sales for large retailers and OEMs with a growing regional channel motion (resellers, integration partners, and a dedicated North America partner portal), supported by event-led demand generation at major retail technology shows including EuroShop 2026 and Retail Technology Show.
SoluM firmographics
Firmographics- Name
- SoluM
- Legal name
- SOLUM
- Website
- https://solum-group.co.kr
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Ownership category
- akta.pro rank
SoluM industry classification
Industry- Product category
- Electronic Shelf Labels & Retail IoT Hardware
- NAICS
- Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Electronic Coils, Transformers & Other Inductors (3677)
- akta.pro primary industry
- Electronic Shelf Labels (ESL) & Shelf-Edge Hardware (HDACAKAJ)
- akta.pro secondary industry
- Industrial Material Handling & Warehouse Charging (forklift/AGV chargers, battery swapping) (IMAGAHAG)
Keywords
Where SoluM is headquartered
LocationHeadquarters
- HQ city
- Yongin
- HQ country
- South Korea
- HQ region
- Asia
Offices3 records
Markets served
SoluM business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Hardware Sales (ESL, Display, Automotive): Sale of physical products including Electronic Shelf Labels, digital displays, EV charging modules, sensors, and related hardware components. Revenue generated through direct sales and channel partners globally.
- Software Platform & IoT Services: Platform-based services including Newton ESL management system, content management for digital signage, remote management capabilities, and analytics solutions bundled with hardware or sold separately.
- Deployment & Lifecycle Support: Professional services including procurement, deployment, and ongoing lifecycle support for ESL and digital solutions, often delivered through channel partners like IW Technologies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise deployment with payback within 12-24 months |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
SoluM product offering
Product offeringCore offering
SoluM designs, manufactures, and sells Electronic Shelf Label (ESL) systems anchored by its Newton platform, digital signage and display solutions, and automotive/power modules including EV charging power modules, HUDs, ESS, and lighting. The company serves enterprise retailers and industrial customers across 16 countries, combining in-house hardware, firmware, and platform software to deliver IoT-enabled retail automation and e-mobility infrastructure.
Product overview
SOLUM is a global technology solution provider offering a comprehensive portfolio of products organized into five main divisions: ESL & IoT (Electronic Shelf Labels and Internet of Things solutions), Display (digital signage and interactive displays), Automotive & Power (EV charging, HUD, energy storage, and lighting solutions), Sensor (IoT sensor technology), and Lifestyle (consumer products). The Newton ESL Platform serves as the core product for retail solutions, supporting modules including Retail Media Network, Picking & Navigation, Dynamic Pricing, Shelf Monitoring, Energy Saving, Retail Climate Control, and Shopper Heatmap Analysis. The platform enables real-time price changes, reduces manual tag replacement, and automates promotions and markdowns. SOLUM also provides Food & Beverage solutions (QR Order, Full Color E-paper POP, Visitor & Store Analysis, Automatic HVAC Management), Industrial solutions (Digital Picking, Industrial Asset Tracking, Geofencing), and Workplace solutions (Room & Desk Booking, E-paper Information Display, Office Climate Control, Office Asset Tracking). The Display division offers Content Management System, Remote Management System, Digital Menu Board, and Digital Whiteboard. Automotive & Power includes AI Data Center Power Solution, HUD Solution, ESS Solution, EV Charging Solution, and Lighting Solution. The company operates across 16 countries with full-stack capability developing hardware, firmware, and platforms in-house.
Differentiator
Problem solved
Functional benefit
Brands
- Newton: Electronic Shelf Label (ESL) platform - Newton is SOLUM's flagship ESL product line featuring LED indicators for real-time shelf-level visual guidance.
Products and services
- Newton ESL Platform SOLUM's flagship Electronic Shelf Label platform featuring LED indicators for real-time shelf-level visual guidance, enabling real-time price changes, dynamic pricing, and automated promotions and markdowns in retail environments. Targeted at enterprise retailers seeking to replace manual price tag workflows.
- Display / Digital Signage Solutions Standalone digital signage and display product line for commercial spaces, including Content Management System, Remote Management System, Digital Menu Boards, and Digital Whiteboards, enabling brands to manage content and engage customers in retail, food service, and corporate environments.
- EV Charging Solution Electric vehicle charging hardware built on SoluM's proprietary Power Module electronics, adopted by i-charging for next-generation EV chargers and designed for sustainable e-mobility infrastructure.
- HUD Solution Head-up display technology for automotive applications that delivers real-time information to drivers, targeting vehicle manufacturers and Tier 1 suppliers.
- ESS Solution Energy Storage System solution for storing and managing electrical power across commercial, industrial, and grid-adjacent applications.
- AI Data Center Power Solution Power management solution for AI data center infrastructure featuring high-performance liquid-cooled cooling technology, targeting data center operators and hyperscalers.
- Lighting Solution Lighting solutions for automotive vehicles and commercial facilities, sold to OEMs and commercial property operators.
- Sensor Solution IoT sensor technology products used across industrial and commercial applications, including shopper heatmap sensing, climate sensing, and asset tracking.
- Lifestyle Solution Consumer lifestyle products designed for efficiency and modern living, sold to end consumers through retail and channel partners.
Quantifiable outcome
- Enterprise deployments achieve payback within 12-24 months
- +1 more outcomes
Companies that use SoluM
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
SoluM technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature6 records
SoluM partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- RynlycoreStrategic partnership combining Rynly's fulfilment orchestration capabilities with SOLUM's Newton ESL platform for enhanced in-store omnichannel fulfilment. The integrated solution uses Newton's LED indicators to provide real-time shelf-level visual guidance, reducing picking errors and search time for store teams. Partnership to be showcased at Retail Technology Show.
- IW TechnologiescoreReseller and deployment agreement where IW Technologies incorporates SOLUM's ESL platform into its product portfolio for retailers. IW handles procurement, deployment, and lifecycle support, extending IW's role beyond point-of-sale to shelf-level pricing execution. Many enterprises projected to see payback within 12-24 months.
- EWQcoreExpanded strategic partnership integrating in-store digital communication technologies. SOLUM provides electronic shelf labels and digital signage hardware while EWQ provides ScanToPair software solution and EWQ ZONE platform for synchronized product and pricing information through barcode scanning. Initially focused on Nordic region.
- M-CubecorePartnership through Memorandum of Understanding integrating M-Cube's digital signage and ESL solutions for European retail customers. SOLUM provides display hardware and ESL capabilities while M-Cube contributes its content management system and managed services. Pilot deployments in Q1 2025 with broader rollout from Q2 2025.
- i-chargingcoreExpanded strategic partnership for next-generation electric vehicle charging solutions. i-charging has adopted SOLUM's Power Module for its latest EV chargers and visited SOLUM's Vietnam manufacturing facility. Focus on product development, global market expansion, and sustainable e-mobility solutions built around people-centered innovation.
- SkippifycorePartnership to connect real-time shelf communication with smart in-store signage across Europe, enabling integrated shelf-edge and signage solutions for European retailers.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
SoluM competitors and assessment
Company assessmentDirect peers
- Displaydata: Displaydata is a UK-based ESL specialist focused on full-color graphical electronic shelf labels for premium retail. It competes with SoluM's Newton ESL platform for enterprise retail accounts requiring richer in-store digital merchandising.
- VusionGroup (formerly SES-imagotag): VusionGroup is the global ESL market leader and SoluM's most direct competitor, offering the VUSION Cloud platform and ESL labels to enterprise retailers worldwide. Both companies compete head-to-head for marquee retail accounts and platform-software attach.
- Hanshow Technology: Hanshow is a Chinese ESL and IoT provider competing directly with SoluM in Asian and European retail markets. Both companies offer ESL hardware, retail IoT platforms, and digital signage solutions targeting enterprise retailers.
- Pricer AB: Pricer is a Swedish ESL pioneer offering electronic shelf labels and cloud-based retail solutions to grocery and specialty retailers globally. Both companies compete in the ESL platform category with overlapping retail customer profiles and similar value propositions around dynamic pricing and store efficiency.
Broad incumbents
- Diebold Nixdorf: Diebold Nixdorf is a global provider of retail technology including POS, self-checkout, and store automation hardware. It competes with SoluM in the broader retail technology stack and offers adjacent solutions that retailers may substitute or bundle.
- Samsung Electro-Mechanics: Samsung Electro-Mechanics is the historical parent from which SoluM's power module and tuner divisions were carved out. While not a direct ESL competitor, it remains a benchmark and potential competitive threat in automotive electronics, power modules, and passive components that overlap with SoluM's automotive/power division.
- Zebra Technologies: Zebra Technologies is a large enterprise asset intelligence, barcode, and RFID provider serving retail, logistics, and healthcare. Its retail IoT solutions, scanners, and asset-tracking platforms partially overlap with SoluM's industrial asset tracking, geofencing, and digital picking products.
- LG Electronics (Business Solutions): LG Electronics is a major Korean electronics conglomerate with a large commercial display and digital signage business. It competes with SoluM's Display division in digital menu boards, signage, and interactive whiteboards for retail and QSR customers.
Emerging players
- i-charging: i-charging is a Portuguese EV charging hardware OEM that has adopted SoluM's Power Module for its next-generation chargers. The companies share a strategic co-development partnership, making i-charging both a customer and a reference for SoluM's automotive/power expansion.
- M-Cube: M-Cube is an Italian in-store digital signage and content management provider that has signed an MoU to integrate its CMS with SoluM's ESL and display hardware for European retail. It serves as both a partner and a competing provider of in-store digital media solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
SoluM social profiles
Digital presenceSoluM financial estimates
Financial estimateRevenue estimate
Valuation estimate
SoluM leadership team
Management profileNumber of profiles
Profiles1 record
SoluM funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SoluM M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SoluM
What does SoluM do?
SoluM designs, manufactures, and sells Electronic Shelf Label (ESL) systems anchored by its Newton platform, digital signage and display solutions, and automotive/power modules including EV charging power modules, HUDs, ESS, and lighting. The company serves enterprise retailers and industrial customers across 16 countries, combining in-house hardware, firmware, and platform software to deliver IoT-enabled retail automation and e-mobility infrastructure.
Is SoluM a public or private company?
SoluM is a public company. It is classified as public and is currently operating.
When was SoluM founded?
SoluM was founded in 2015.
Where is SoluM based?
SoluM is headquartered in Yongin, South Korea, in the Asia region.
How does SoluM make money?
Three revenue lines are on record. Hardware Sales (ESL, Display, Automotive) is the primary driver. The others are software Platform & IoT Services and deployment & Lifecycle Support.
Who are SoluM's main competitors?
Direct peers on record are Displaydata, VusionGroup (formerly SES-imagotag), Hanshow Technology and Pricer AB. Broad incumbents are Diebold Nixdorf, Samsung Electro-Mechanics, Zebra Technologies and LG Electronics (Business Solutions). Emerging players are i-charging and M-Cube.
Does SoluM have an API?
No public API is recorded for SoluM.
What industry is SoluM in?
SoluM's product category is Electronic Shelf Labels & Retail IoT Hardware. Its primary akta.pro industry code is HDACAKAJ, Electronic Shelf Labels (ESL) & Shelf-Edge Hardware, with a secondary code of IMAGAHAG, Industrial Material Handling & Warehouse Charging (forklift/AGV chargers, battery swapping). Its NAICS code is 33451 and its SIC code is 3823.