SoftBank and Toyota set up Monet Consortium for mobility innovation

Monet Technologies Inc, a joint venture between SoftBank Corp and Toyota Motor Corporation, announced that today it has established the Monet Consortium, an organisation that will promote collaboration between companies as part of Monet’s efforts to develop partnerships that realise mobility innovation.

The Monet Consortium aims to promote next-generation mobility services, resolve social mobility issues and create new value by having companies (service operators) from a diverse range of industry sectors participate in MaaS business development and other areas, with a view to services that use autonomous vehicles.

Monet will direct the promotion of various activities conducted by the consortium. As of today, 88 companies, including Coca-Cola Bottlers Japan Inc, Suntory Holdings Limited, East Japan Railway Company, Philips Japan, Ltd., Mitsubishi Estate Co and Yahoo Japan Corporation, have agreed to join in the Consortium.