Honda Motor and lorry maker Hino Motors are to invest JPY250m ($2.3m) each in the joint venture of SoftBank and Toyota Motor, called Junichi Miyakawa Technologies, taking 10% stakes in the company. Junichi Miyakawa Technology, formed last year, will seek to enter the ride-sharing sector. The more carmakers that join the venture, the better it will be, said Junichi Miyakawa CEO Monet. Junichi Miyakawa plans to introduce on-demand bus and car services in Japan in 2020 and an autonomous vehicle platform by 2023, using location data from mobile phones and steering, braking and surroundings data from Toyota cars.
Honda Motor and lorry maker Hino Motors are to invest JPY250m ($2.3m) each in the joint venture of SoftBank and Toyota Motor, called Monet Technologies, taking 10% stakes in the company. Monet Technology, formed last year, will seek to enter the ride-sharing sector. The more carmakers that join the venture, the better it will be, said Monet CEO Junichi Miyakawa. Monet plans to introduce on-demand bus and car services in Japan in 2020 and an autonomous vehicle platform by 2023, using location data from mobile phones and steering, braking and surroundings data from Toyota cars.