Nov 13, 2020 19:10 JST
DENSO Takes a Stake in Envoy, an EV Startup Serving the Commercial Real Estate Industry's Mobility Needs
- Investment allows DENSO to create new revenue streams, deliver the benefits of mobility-as-a-service to businesses -
KARIYA, JAPAN, Nov 13, 2020 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced it has taken a stake in Envoy Technologies, an electric vehicle (EV) startup based in Culver City, California, that offers mobility services to the commercial real estate (CRE) industry. Through the investment, DENSO aims to create new revenue streams by offering the benefits of Mobility-as-a-Service (MaaS) to businesses, helping them move employees, customers and things more efficiently and safely.
Founded in 2017 by real estate and tech entrepreneurs Aric Ohana and Ori Sagie, Envoy partners with CRE industry leaders to offer onsite mobility services like electric carsharing and EV charging for apartments, offices, and hotels. Envoy's Mobility as an Amenity service is a turn-key solution that includes technology to reserve and access vehicles, driver insurance, maintenance, and electric vehicle chargers. Even in the face of a global pandemic, the company has experienced record utilization amounting to more than 1.25 million electric miles driven. Envoy is currently available in 10 states and 14 markets in the U.S.
"Early on, we realized that the world's transition to electric mobility will significantly impact our built world. With investors like DENSO, along with others from commercial real estate, mobility, and energy, we are poised to accelerate that transition sustainably," said Aric Ohana, Envoy's co-founder and CEO
"DENSO's global reach and involvement in all things mobility will provide Envoy the ability to scale with its products and services, and standardize electric mobility as well as related energy solutions within communities around the world," added Ori Sagie, Envoy's co-founder and Executive Chairman.
By taking a stake in the company, DENSO will strengthen Envoy's ability to propose and implement mobility services, identify the requirements and functions of vehicles used in EV carsharing services, and create new business models that link commercial properties with mobility.
"As mobility needs change, DENSO continues to change along with them," said Yoshifumi Kato, a senior executive officer at DENSO Corporation. "Collaborating with Envoy allows us to combine our expertise in electrification and fleet management with their knowledge of commercial real estate, helping us both improve mobility for businesses so they can accomplish their goals more seamlessly."
DENSO has long been focused on the MaaS market, and it is a key part of the company's Second Founding, a strategic shift that has pushed DENSO into new mobility areas. In support of this, DENSO has actively built strategic partnerships in and outside Japan to meet the needs of an array of mobility providers. These have included taking stakes in MaaS Global, a Finland-based developer of Whim* the world's first full-fledged MaaS service, and Bond Mobility, which offers micromobility services in urban environments.
DENSO continues to seek additional partnerships and innovations in MaaS to help create transportation solutions that are safer, more secure and greener for all.
This application provides an optimal mobility experience by combining various means of transport, such as buses, taxis, bicycles, and car sharing. https://whimapp.com/
Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
More Latest Release >>
Mitsubishi Power Receives Turnkey Order for 50MW Woody Biomass-fired Power Generation Facility
May 11, 2021 18:39 JST
Eisai's Statement of Commitment for Carbon Neutrality by 2040
May 11, 2021 10:00 JST
ENEOS and Toyota Come Together to Make Woven City the Most Hydrogen-Based Society
May 10, 2021 15:38 JST
Showa Denko Revises Forecast of Consolidated Performance and to Record Extraordinary Loss
May 10, 2021 11:30 JST
Eisai and Merck & Co., Inc., Kenilworth, N.J., U.S.A. Receive Priority Review From FDA for LENVIMA (lenvatinib) Plus KEYTRUDA (pembrolizumab) Applications
May 07, 2021 11:08 JST
Showa Denko and Infineon Technologies Conclude Supply Contract and Development Agreement
May 06, 2021 17:30 JST
NEC Develops Neuroscience-inspired AI Technology for Time Series Analysis
May 06, 2021 14:13 JST
NEC Contributes to Development of Artificial DNA Aptamer that Binds to the Novel Coronavirus (SARS-CoV-2)
May 06, 2021 11:27 JST
Synopsis 2021: Hot Trends - Join the Summit 1-5 June
May 04, 2021 09:00 JST
Hard-Fought Hypercar Win for Toyota Gazoo Racing
May 03, 2021 04:25 JST
Komatsu, NTT DOCOMO, Sony Semiconductor Solutions and Nomura Research Institute to Launch "EARTHBRAIN"
Apr 30, 2021 16:35 JST
Toyota Developing Hydrogen Engine Technologies Through Motorsports
Apr 30, 2021 14:20 JST
Toyota Global Sales and Production Secures 90 Percent Level Year-on-Year in FY2021
Apr 28, 2021 16:46 JST
RESONA and Eisai Enter Into Business Alliance Aiming to Support People Living with Dementia and to Prevent Dementia in Saitama Prefecture, Japan
Apr 28, 2021 12:33 JST
NEC recognized in Gartner Magic Quadrant for 5G Network Infrastructure for Communications Service Providers as a Visionary
Apr 28, 2021 11:05 JST
LEXUS DESIGN AWARD 2021 Grand Prix Winner Announced
Apr 27, 2021 17:38 JST
AEON GLOBAL SCM and Toyota Starts to Consider Collaboration on Logistics Improvement and Carbon Neutrality Initiatives
Apr 27, 2021 16:15 JST
Suzuki, Subaru, Daihatsu, Toyota and Mazda Reach Agreement on Joint Development of Technical Specifications for Next-generation Vehicle Communications Devices
Apr 27, 2021 14:35 JST
MHIEC Supplies Incinerators for First Waste-to-Energy Plant in Xiaogan, Hubei Province, China
Apr 27, 2021 11:22 JST
Woven Planet Holdings, a Subsidiary of Toyota, Announces Acquisition of Lyft's Level 5 Division to Accelerate Software Innovation for Automated Driving Mobility
Apr 27, 2021 09:00 JST