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MONET Announces Partnerships With Isuzu, Suzuki, Subaru, Daihatsu and Mazda

Auto News - Published on Tue, 02 Jul 2019

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MONET Technologies Inc announced that it has concluded capital and business partnership agreements with Isuzu Motors Limited, Suzuki Motor Corporation, Subaru Corporation, Daihatsu Motor Co Ltd and Mazda Motor Corporation. Isuzu, Suzuki, Subaru, Daihatsu and Mazda each plan to invest in MONET by August 2019 and acquire approximately 2% of its shares. Simultaneously, Hino Motors, Ltd and Honda Motor Co Ltd plan to make additional investments in MONET and maintain their respective ownership stakes of approximately 10%.

Mr Junichi Miyakawa, President and CEO of MONET Technologies Inc, said “In addition to those with Toyota, Hino and Honda, our new partnerships with Isuzu, Suzuki, Subaru, Daihatsu and Mazda will enable us to acquire data on their vehicles and mobility services for coordination with the MONET platform. To build a high-level MaaS platform for an autonomous driving society, it is essential to integrate a wide number of datasets, and these partnerships will further accelerate our progress in building the MaaS business that MONET is aiming for. MONET will utilize the data provided by each company and leverage their automotive industry insights and networks. Together with our automotive manufacturer partners we will work to realize and spread innovative mobility services that can resolve Japan’s social mobility issues and create new value.”

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Posted By : Mohan Sharma on Tue, 02 Jul 2019
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