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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Automation»Softbank and Toyota-Backed Mobility Venture Gains Five More Japanese Automakers

    Softbank and Toyota-Backed Mobility Venture Gains Five More Japanese Automakers

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    By Tapiwa Matthew Mutisi on June 30, 2019 Automation, Brands, Business, Innovation, Investments, News, Partnerships, Technology, Transportation, Travel, Venture Capital

    MONET Technologies, a joint venture launched by Softbank and Toyota to provide on-demand mobility services eventually with an autonomous module bus, has five new partners.

    Five Japanese automakers including Isuzu Motors, Suzuki Motor Corp., Subaru,  Daihatsu and Mazda will each invest 2% in the venture. Softbank and Toyota each own 35% of the company. Honda and Toyota’s truck-making unit Hino each have 10% ownership.

    The venture launched in September aims to launch an on-demand mobility service with buses and cars in Japan next year. Toyota’s autonomous vehicles — based on its e-palette vehicle that debuted at CES 2018 — will eventually become a central piece of the service.

    The e-Palette electric vehicle has a modular interior that is designed to allow for it to be used for a variety of services including shuttling people, packages, even mobile food preparation.

    monet-softbank-self-driving

    The venture involves more than simply investing capital. The automakers are also sharing data. Datasets are essential to build a mobility-as-a-service platform with autonomous vehicles, according to MONET President and CEO Junichi Miyakawa.

    Earlier this year, Toyota began piloting an on-demand bus service that lets people order a ride via an app. The pilot was being conducted in the Ohara district within Toyota City. The venture also conducted a demonstration project involving a multi-purpose shuttle for Fukuyama-shi Hattori school district.

    Related

    Automakers Mobility Venture MONET Technologies Partnerships Softbank Toyota Transportation
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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    1. Pingback: Toyota Resumes Self-driving e-Palette Pods in Tokyo After Hitting Paralympic Athlete | Innovation Village | Technology, Product Reviews, Business

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