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.”

Bitglass appoints new cloud, business development leaders
The cloud security company has appointed vice presidents for worldwide channels and worldwide business development.
Ping Identity offerings accelerates cloud MFA and SSO adoption
90% of respondents trust MFA as an effective security control to protect identity data in public clouds, yet only 60% of organisations have formally adopted it.
Ingram launches CRM backup on cloud marketplace
AvePoint Cloud Backup for Dynamics 365 is a multi-tenant solution, designed with specific features to enable channel partners and MSPs.
Trend Micro introduces cloud and container workload security offering
Container security capabilities added to Trend Micro Deep Security have elevated protection across the DevOps lifecycle and runtime stack.
Veeam joins the ranks of $1bil-revenue software companies
It’s also marked a milestone of 350,000 customers and outlined how it will begin the next stage of its growth.
Veeam enables secondary storage solutions with technology partner program
Veeam has worked with its strategic technology alliance partners to provide flexible deployment options for customers that have continually led to tighter levels of integration.
Veeam Availability Orchestrator update aims to democratise DR
The ability to automatically test, document and reliably recover entire sites, as well as individual workloads from backups in a completely orchestrated way lowers the total cost of ownership (TCO) of DR.
Nuix eyes legal sector as eDiscovery demand skyrockets
eDiscovery must encompass so much more than email and documents. If you haven’t looked at text messages and online chats, digital images, mobile devices, data in the cloud and social media, you’re not getting the whole story.