Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 4 October 2018, 12:35 HKT/SGT
Share:
    

Source: Toyota Motor Corporation
Toyota and SoftBank Agreed on Strategic Partnership To Establish Joint Venture for New Mobility Services

Toyota City, Japan, Oct 4, 2018 - (JCN Newswire) - Toyota Motor Corporation and SoftBank Corp. have agreed to form a strategic partnership to facilitate the creation of new mobility services, and plan to establish a joint venture company, MONET Technologies Corporation, before the end of the 2018 fiscal year (April 2019). 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."

The name "MONET" combines the first letters of the words "mobility network," and was chosen to embody the desire of both companies to build a mobility network that provides safer and more comfortable mobility to everyone.

MONET will provide coordination between Toyota's Mobility Services Platform (MSPF), Toyota's information infrastructure for connected vehicles, and SoftBank's Internet of Things (IoT) Platform, which was built to create new value from the collection and analysis of data acquired from smartphones and sensor devices. By utilizing a wide range of different forms of data related to automotive and human mobility on both platforms, MONET is aiming to optimize supply and demand in transportation and, ultimately, to launch Mobility-as-a-Service (MaaS) businesses capable of resolving social mobility issues and creating new value.

For the first phase, MONET plans to roll out just-in-time vehicle dispatch services for local public agencies and private companies throughout Japan. These services, which will include on-demand transportation through regional partnerships and corporate shuttles, will be provided in tune with user demand.

By the second half of the 2020s, MONET plans to roll out Autono-MaaS(1) (autonomous mobility as a service) businesses using e-Palette, Toyota's dedicated battery electric vehicle for mobility services that can be used for various purposes, including mobility, logistics, and sales. Possibilities include demand-focused just-in-time mobility services, such as meal deliveries vehicle where food is prepared while on the move, hospital shuttles where onboard medical examinations can be performed, mobile offices, and many more. MONET also intends to roll out these businesses in Japan with an eye to future expansion on the global market.

(1) "Autono-MaaS" is a new word created by combining "autonomous vehicle" and "mobility as a service (MaaS)." It describes mobility services that use autonomous vehicles provided by Toyota.


About Toyota Motor Corporation

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

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


Oct 4, 2018 12:35 HKT/SGT
Source: Toyota Motor Corporation

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
Illustration of MONET's business model
View Image
 
Toyota Motor Corporation Links

http://www.toyota-global.com

https://plus.google.com/+toyotaglobal

https://www.facebook.com/ToyotaMotorCorporation/

https://twitter.com/TOYOTA_PR/

https://www.youtube.com/user/toyotajpchannel/

https://ph.linkedin.com/company/toyota

Toyota Motor Corporation
Dec 10, 2018 10:30 HKT/SGT
TOYOTA GAZOO Racing to Exhibit GR Supra Super GT Concept at the Tokyo Auto Salon
Dec 6, 2018 16:02 HKT/SGT
Toyota: bynd Innovates the Way People Move in the City
Nov 30, 2018 13:34 HKT/SGT
Toyota Becomes Presenting Partner of the Tokyo 2020 Olympic Torch Relay
Nov 30, 2018 08:58 HKT/SGT
Corolla Sport, Equipped with Latest Toyota Safety Sense, Receives Top "ASV+++" Rating in JNCAP Preventive Safety Performance Assessment
Nov 26, 2018 12:34 HKT/SGT
"Toyota Safety Sense" Preventive Safety Package-equipped Vehicles Top 10 Million Units Globally
Nov 19, 2018 10:29 HKT/SGT
Shanghai Success for TOYOTA GAZOO Racing
Nov 19, 2018 06:10 HKT/SGT
TOYOTA GAZOO Racing Wins the Rally and the Title in Australia
Nov 16, 2018 10:37 HKT/SGT
Toyota Unveils New Corolla Sedans at China's Guangzhou International Automobile Exhibition
Nov 12, 2018 17:07 HKT/SGT
Chinese Challenge for TOYOTA GAZOO Racing
Nov 9, 2018 12:40 HKT/SGT
Toyota to Unveil New Corolla and New Levin Sedans at China's Guangzhou International Automobile Exhibition
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: