Toyota and SoftBank agree on strategic partnership
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.
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. By using a 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 based on user demand.
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. Possibilities include demand-focused just-in-time mobility services, such as meal delivery vehicles where food is prepared while on the move, hospital shuttles where onboard medical examinations can be performed, and mobile offices. MONET intends to roll out these businesses in Japan with an eye to future expansion on the global market.
The president and CEO of MONET will be Junichi Miyakawa (Representative Director and CTO of SoftBank Corp.); the representative director and COO will be Yoshihide Shibao (Project General Manager, MaaS Business Division, Connected Company of Toyota Motor Corporation); and the directors will be Keiji Yamamoto (Managing Officer of Toyota Motor Corporation); and Ryuji Wakikawa (Vice President, Advanced Technology Division of SoftBank Corp.).