Story image

Changes ahead: Toyota & insurance partner make big investment in mobility app

19 Jun 2017

Toyota Financial Services and Aioi Nissay Dowa Insurance Company have become significant investors in the Finnish growth company MaaS Global.

According to MaaS Global, the significant investment from both companies matches their strategic aims of making mobility services a part of their business as interest in car ownership declines in big cities.

“We are very pleased to partner with MaaS Global and work together on the development of multi-modal mobility solutions,” says Riki Inuzuka, CEO of Toyota Financial Services.

“The vision and business model of MaaS Global marries with Toyota’s strategic objective to serve the mobility needs of our current and future customers.”

President of Aioi Nissay Dowa Insurance Company, Yasuzo Kanasugi shares these sentiments.

“We are delighted with this joint investment which represents a concrete step in the journey to create sustainable mobility solutions which both meet our customers’ expectations, and enhance their personal safety,” says Kanasugi.

According to MaaS Global, the company is looking to revolutionize the way people move – the phrase Mobility-as-a-Service is widely used when talking about the future of transport.

In fact, ABI Research has forecast that the value of the MaaS sector will exceed $1tn by 2030, and MaaS Global are looking to capture a large share of that – undoubtedly the reason why Toyota and its insurance partner made their investments.

MaaS Global, being the world’s first mobility operator, was established in April 2015, and its Whim app allows users to plan journeys and purchase various mobility services through a single service.

“Cooperation with one of the best-known brands in the world is extremely positive news for us,” says Sampo Hietanen, founder and CEO of MaaS Global.

“Toyota’s global network, high-quality R&D and genuinely customer-oriented culture will give our company a strong lead as it grows towards being the largest player in its sector.”

Hitetanen says the vehicle industry is rapidly changing, and it’s good to see companies like Toyota getting onboard with the future.

“Private car ownership will not be pleasant in cities for much longer; it is slow, expensive and environmentally unfriendly,” says Hietanen.

“The technology for seamless consumption of mobility services is already here.”

Zoom’s new Rooms and Meetings features
Zoom has released information about the upcoming releases for its Rooms and Meeting offerings for 2019.
Aussie company set to democratise direct-to-orbit IoT access
Adelaide-based Myriota has released a developer toolkit that has been trialled and tested by a smart waste management platform.
Apple's AirPods now come with 'Hey Siri' functionality
The new AirPods come with a standard case or a Wireless Charging Case that holds additional charges for more than 24 hours of listening time.
Dynatrace takes pole position in APM Magic Quadrant
It placed highest on Ability to Execute and furthest on Completeness of Vision in the 2019 Quadrant for Application Performance Monitoring (APM).
HCL and Xerox expand strategic partnership
Under the terms of the agreement, HCL will manage portions of Xerox’s shared services, including global administrative and support functions.
Avaya expands integration with Google Cloud AI
This includes embedding Google’s machine learning within conversation services for the contact centre, enabling integration of AI capabilities.
Forrester names Crowdstrike leader in incident response
The report provides an in-depth evaluation of the top 15 IR service providers across 11 criteria.
Poly appoints new A/NZ managing director, Andy Hurt
“We’re excited to be bringing together two established pioneers in audio and video technology to be moving forward and one business – Poly."