Nov 13, 2020 19:10 JST

Source: Denso

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.

* Whim
This application provides an optimal mobility experience by combining various means of transport, such as buses, taxis, bicycles, and car sharing. https://whimapp.com/

Source: Denso
Sectors: Automotive

Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


DENSO and NTT DATA Complete Verification Test Using Vehicle and People Flow Data to Innovate the Mobility Experience
June 08 2021 14:51 JST
 
DENSO Shares Company Direction Updates at Annual Dialog Day
May 28 2021 12:34 JST
 
DENSO, Honeywell Ascend into Urban Air Mobility with Expanded Alliance
May 25 2021 12:07 JST
 
DENSO Develops Advanced Driver Assistance Products for New Lexus LS, Toyota Mirai
April 09 2021 12:46 JST
 
DENSO Has Begun Testing CO2 Circulation Plant at Anjo Electrifica
April 07 2021 16:24 JST
 
DENSO Transfers Its Aftermarket and Non-automotive Business to DENSO Solution
April 07 2021 15:02 JST
 
DENSO, KDDI Research 5G's use in Automated Driving to Achieve Safe and Secure Mobility
March 03 2021 10:16 JST
 
DENSO and Yamato Transport Develop D-mobico, Compact Mobile Refrigerator
February 25 2021 18:28 JST
 
DENSO to Transfer Higashi Hiroshima Plant to DENSO Kyushu
February 05 2021 13:03 JST
 
DENSO Announces Third-Quarter Financial
February 02 2021 14:40 JST
 
More Press release >>

Latest Press Release


More Latest Release >>