Toyota is teaming up with SoftBank on an autonomous mobility project called Monet. Monet—short for “mobility network”—will combine Toyota’s Mobility Services Platform and information infrastructure for connected vehicles with SoftBank’s Internet of Things platform.
Both Toyota and SoftBank hold investments in ride-hailing firms Uber, Grab and Didi Chuxing, but this is their first significant collaboration. “The mobility company is just the first step,” SoftBank founder Masayoshi Son said on stage with Toyota President Akio Toyoda. “There will be a second and third and I hope that the connection will deepen going forward.”.
Read the article at Forbes.