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Hino Motors and Honda invest in the MaaS platform, MONET

MONET Technologies Inc., a joint venture between SoftBank Corp. and Toyota Motor Corporation announced that it has concluded an agreement for a capital and business partnership with Hino Motors, Ltd. and Honda Motor Co., Ltd. to increase the value of its MaaS business and enhance mobility service levels for users. Hino and Honda each plan to invest JPY249.95 million ($2.25 million) in MONET and acquire 9.998% of its shares.

Junichi Miyakawa, President and CEO of MONET Technologies Inc. and Representative Director & CTO of SoftBank Corp., commented: “This partnership will allow us to coordinate the vehicle data on passenger and object mobility that Hino collects from its trucks and buses and the data Honda obtains from its mobility services that utilise passenger cars and other vehicles so we can further evolve the MONET platform. By integrating these wide and varied datasets, MONET will build an advanced MaaS platform that helps enable an autonomous driving society and realizes safe and comfortable mobility services to enrich people’s lives.”

Yoshio Shimo, President & CEO, Member of the Board of Hino Motors, Ltd., said: “As a company dedicated to manufacturing trucks and buses, for many years Hino Motors has supported the transport of people and goods in partnership with transport operators. Our role is to create new value by realising the products and services wished for by our customers and society, and we decided that participating in MONET was the best way to further accelerate this endeavor. Through this partnership, we will strive to achieve our vision of creating a world where people and goods move freely, safely and efficiently, and a sustainable world that is prosperous and pleasant to live in.”

Takahiro Hachigo, President, Representative Director and CEO of Honda Motor Co., Ltd., said: “Through this collaboration with MONET, Honda hopes to realise the more efficient promotion of acquiring users and social acceptance of mobility services, various experimental projects, and public relations activities for necessary regulatory changes. Honda wants to contribute to the revitalisation of the mobility service industry in Japan and solve traffic-related problems facing Japanese society.”

Working to help realise a safer and more comfortable mobility society, in this partnership MONET will team up with Hino and Honda with the aim of resolving social mobility issues and creating new value.

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