Softbank-Toyota Joint Firm to Tie Up with 17 Municipalities

Economy Politics

Tokyo, Feb. 18 (Jiji Press)--Monet Technologies Inc., jointly owned by Softbank Corp. <9434> and Toyota Motor Corp. <7203>, said Monday it will tie up with 17 municipalities across Japan for next-generation mobility services.

Monet Technologies will start demonstration tests for on-demand bus services on Feb. 27 in Toyota, Aichi Prefecture, central Japan, and by the end of March in Yokohama, south of Tokyo, and Fukuyama, Hiroshima Prefecture, western Japan.

In October last year, Softbank and Toyota announced plans to cooperate in realizing next-generation transportation services utilizing automated driving technologies.

Monet Technologies, which started business Feb. 1, will study ways to efficiently run next-generation transportation services by analyzing data on traffic jams and service routes through the tests with the partner municipalities.

The company also said it will conduct a demonstration test with Mitsubishi Estate Co. <8802> for an on-demand commuter shuttle service linking users' homes, their offices in Tokyo's Marunouchi business district and nursing facilities for their children.

[Copyright The Jiji Press, Ltd.]

Jiji Press