Toyota and SoftBank Joint Venture, MONET, Starts Operations

Feb 01, 2019 13:39 JST

Source: Toyota Motor Corporation

Toyota City, Japan, Feb 01, 2019 - (JCN Newswire) - Toyota Motor Corporation (Toyota) and SoftBank Corp. (SoftBank) have completed investment in their joint venture, MONET Technologies Inc. (MONET), with full-scale operations commencing today.

Specifically, of MONET's three main business domains--1) on-demand mobility services, 2) data-analysis services, and 3) Autono-MaaS--the joint venture will first roll out on-demand mobility services. On-demand transportation through regional partnerships and corporate shuttles will begin in fiscal year 2018 through cooperation with local public agencies and private companies.

The objective of MONET is to help realize a safer and more comfortable mobility society by combining SoftBank's corporate philosophy, "Information Revolution--Happiness for everyone," with Toyota's vision of "Mobility for All."

Contact:

Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926

Source: Toyota Motor Corporation
Sectors: Automotive

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