MONET Technologies, a joint venture launched by Softbank and Toyota to provide on-demand mobility services eventually with an autonomous module bus, has five new partners.
Five Japanese automakers including Isuzu Motors, Suzuki Motor Corp., Subaru, Daihatsu and Mazda will each invest 2% in the venture. Softbank and Toyota each own 35% of the company. Honda and Toyota’s truck-making unit Hino each have 10% ownership.
The venture launched in September aims to launch an on-demand mobility service with buses and cars in Japan next year. Toyota’s autonomous vehicles — based on its e-palette vehicle that debuted at CES 2018 — will eventually become a central piece of the service.
The e-Palette electric vehicle has a modular interior that is designed to allow for it to be