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Toyota and SoftBank Joint Venture, MONET, Starts Operations 2019.02.02

Toyota City and Tokyo, Japan - February 01, 2019 - 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. "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.

Masayoshi Son, Representative, SoftBank Group.
Photo courtesy of Toyota
 

Toyota City and Tokyo, Japan - February 01, 2019

MONET Technologies Inc.
SoftBank Corp.
Toyota Motor Corporation

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.

Masayoshi Son, Representative, SoftBank Group and Akio Toyoda, President, Toyota Motor Corporation.
Photo courtesy of Toyota
 
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.

Akio Toyoda, President, Toyota Motor Corporation.
Photo courtesy of Toyota
 
"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.

Masayoshi Son, Representative, SoftBank Group and Akio Toyoda, President, Toyota Motor Corporation.
Photo courtesy of Toyota
 
On-demand transportation through regional partnerships and corporate shuttles will begin in fiscal year 2018 through cooperation with local public agencies and private companies.

Masayoshi Son, Representative, SoftBank Group and Akio Toyoda, President, Toyota Motor Corporation.
Photo courtesy of Toyota
 
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."


Illustration of MONET's business model


Illustration of MONET's business model.
Photo courtesy of Toyota
 
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.

Junichi Miyakawa, President and CEO, MONET Technologies Inc.
(Representative Director & CTO, SoftBank Corp.)
Photo courtesy of Toyota
 
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.

Photo courtesy of Toyota / SoftBank
 
For the first phase, MONET plans to roll out just-in-time vehicle dispatch services for local public agencies and private companies throughout Japan.

Photo courtesy of Toyota / SoftBank
 
These services, which will include on-demand transportation through regional partnerships and corporate shuttles, will be provided in tune with user demand.

Photo courtesy of Toyota / SoftBank
 
By the second half of the 2020s, MONET plans to roll out Autono-MaaS (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.

Photo courtesy of Toyota / SoftBank
 
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.

Photo courtesy of Toyota / SoftBank
 
MONET also intends to roll out these businesses in Japan with an eye to future expansion on the global market.

Photo courtesy of Toyota / SoftBank
 

Outline of MONET Technologies Inc.

Company name

MONET Technologies Inc.

Logo

Photo courtesy of Toyota / SoftBank
 
Head office address

1-9-1 Higashi Shinbashi, Minato-ku, Tokyo

Directors

President and CEO: Junichi Miyakawa
(Representative Director & CTO, SoftBank Corp.)

Representative Director, Vice President, & COO: Yoshihide Shibao
(Project General Manager, MaaS Business Division, Connected Company, Toyota Motor Corporation)

Director Keiji Yamamoto
(Executive Vice President, Connected Company, Toyota Motor Corporation)

Director Ryuji Wakikawa
(Vice President, Advanced Technology Division, Technology Strategy Unit, Technology Unit of SoftBank Corp.)

Junichi Miyakawa, President and CEO, MONET Technologies Inc.
(Representative Director & CTO, SoftBank Corp.)
Photo courtesy of Toyota
 
Number of employees

About 70 (as of February 1, 2019)

Capital

2 billion yen (to be increased to 10 billion yen in the future)
(including capital reserve)

Share structure

SoftBank Corp.  50.25%

Toyota Motor Corporation  49.75%


Details of business

1. On-demand mobility services

2. Data-analysis services

3. Autono-MaaS businesses

Website

https://www.monet-technologies.com  


Photo courtesy of Toyota / SoftBank
 

Video
Toyota's transformation into a mobility company

https://www.youtube.com/watch?time_continue=9&v=-6KArhnPbWE  


Photo courtesy of Toyota / SoftBank
 

Source: Toyota Global Newsroom

https://newsroom.toyota.co.jp/en/  



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