Monet form capital and business partnership with Isuzu, Suzuki, Subaru, Daihatsu and Mazda

Monet form capital and business partnership with Isuzu, Suzuki, Subaru, Daihatsu and Mazda


Hino and Honda to make additional investment in MONET at the same time

MONET Technologies Inc.
Isuzu Motors Limited
Suzuki Motor Corporation
Subaru Corporation
Daihatsu Motor Co., Ltd.
Mazda Motor Corporation
Hino Motors, Ltd
Honda Motor Co., Ltd.
MONET Technologies Inc. ("MONET") today announced that it concluded capital and trade partnership agreement with Isuzu Motors Limited ("Isuzu"), Suzuki Motor Corporation ("Suzuki"), Subaru Corporation ("Subaru"), Daihatsu Motor Company. , Ltd. ("Daihatsu") and Mazda Motor Corporation ("Mazda"), respectively. Isuzu, Suzuki, Subaru, Daihatsu and Mazda are planning to invest in MONET till August 2019 and get around 2% of its shares.

Simultaneously, Hino Motors, Ltd. ("Hino") and Honda Motor Co., Ltd. ("Honda") plans to make additional investment in MONET and maintain its respective ownership of around 10%.

MONET Technologies Inc. President and Chief Executive Officer, Junichi Miyakawa commented on the partnership:
"Apart from those with Toyota, Hino and Honda, our new partnership with Isuzu, Suzuki, Subaru, Daihatsu and Mazda will enable us to get data on our vehicles and mobility services to coordinate with the MONET platform. In order to create a high-level MaS platform for Autonomous Driving Society, a large number of datasets need to be integrated, and these partners will further enhance our progress in building MAAS business for which the goal of MONET is to. MONET will use the data provided by each company and will take advantage of its automotive industry insights and network. With our automotive manufacturer partners, we will work to realize and spread innovative mobility services that can solve the issues of social mobility in Japan and create new values. "

Masanori Katima, President and Representative Director of Isanu Motors Ltd. commented as follows:
"Isuzu is providing various products and services to support people's lives and social production activities. It is said that the automobile industry is experiencing a problem of 'one century innovation' with the social problems such as the lack of serious drivers and diversification of consumer needs, and the objective of Isuju is to work with customers and partners to create new solutions to prepare. Given this, participation in the MONET will give us valuable opportunities in various industries, so that we contribute to sustainable social development. "

Toshihiro Suzuki, representative director and president of Suzuki Motor Corporation commented as follows:
"By participating in the MONET, Suzuki's objective is to solve the issues of regional transport by making mobility more convenient for the residents and adding these efforts to the promotion of regional and industrial revival and the creation of innovative next-generation mobility services. Suzuki will want to contribute to MONET's contribution in building new value with the transportation, besides its automobile, using its various types of transport tools. "

Tomomi Nakamura, Chairman and CEO, Board of Directors, Subaru Nigam, commented:
"After placing its roots in aircraft manufacturing, Subaru has dedicated himself to cars for a long time, which provides both joy and peace of mind for all drivers and travelers. By participating in the MONET, we will extend the approach of 'Subaru's and joy and peace of mind' in a way that will enjoy the new era and contribute to the solution of social mobility issues. "

Soichiro Okudaira, President of Daihatsu Motor Company Limited commented as follows:
Under the Has up light up slogan, "Dihatsu has provided mini vehicles and other products to support the lives of people. By participating in the MONET, Daihatsu will work with different areas to ensure the development of important communities that want to keep the residents alive. Through these efforts, we will realize permanent mobility services which are loved by citizens. "

Akira Marumoto, president and CEO, representative director, Mazda Motor Corporation, commented as follows:
"By sharing the experiences and adventures possible by the fusion of cars and digital devices, Mazda is connecting a variety of people with the society, and providing a new type of car value - the one who is with safety, peace of life, and the enrichment of life. By co-co-working with other MONET participants, Mazda will pursue the possibilities of mobility services, which 'strengthen the mind and body' to solve social mobility issues in cities and regions. "