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Toyota and SoftBank joint venture starts operations

Toyota and SoftBank Corp. have completed investment in their joint venture, MONET Technologies Inc., and full-scale operations have begun.

MONET has three main business domains: on-demand mobility services;  data-analysis services; and Autono-MaaS (Mobility as a Service). The joint venture will first roll out on-demand mobility services.

On-demand transportation through regional partnerships and corporate shuttles will begin in fiscal year 2018 through cooperation with local public agencies and private companies.

The objective of MONET is to help realise 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.”