Toyota invests in MaaS Global to develop integrated mobility solutions

Toyota Financial Services (TFS) and its insurance partner have announced a significant investment in the Finnish company MaaS Global, which was established in April 2016 to provide multi-modal transportation services.
June 21, 2017 Read time: 1 min

1686 Toyota Financial Services (TFS) and its insurance partner have announced a significant investment in the Finnish company 8571 MaaS Global, which was established in April 2016 to provide multi-modal transportation services.

Through its ‘Whim’ App, MaaS Global enables customers to purchase a monthly subscription package that is tailored to their transportation needs (currently this includes public transport, e-hailing and car rental). The app is already operating in Helsinki with plans this year to expand to three other major cities in Europe and then expand to other cities around the Globe.

TFS is investing to explore a co-operation model for multi-modal mobility solutions, including the necessary technology. TFS will help MaaS Global accelerate market entry and build a long term and loyal customer base.

Networking & Communication Systems

For more information on companies in this article

Related Content

  • New project to develop one-stop-shop mobility services for Europe
    October 27, 2015
    Finland’s Technical Research Centre is coordinating a pan-European mobility as a service (MaaS) project aimed at creating the prerequisites for organising user-oriented and ecological mobility services. The goal is to provide consumers with flexible, efficient and user-friendly mobility services covering multiple modes of transport on a one-stop-shop principle. The two-year MAASiFiE (Mobility as a Service for Linking Europe) project, in addition to mobility services, is investigating opportunities offere
    Read More
  • MaaS Finland aims to revolutionise the global transportation market
    February 9, 2016
    Mobility-as-a-service company MaaS Finland commenced operations on 1 February with funding from private investors and the Finnish Funding Agency for Technology and Innovation Tekes. Other investors are Transdev, a French transportation organisation, Karsan Otomotiv Sanayii and Ticaret, a Turkish car-industry company. Other shareholders include InMob Holdings of Cyprus; Neocard; Korsisaari; GoSwift; MaaS Australia; Goodsign; IQ Payments; and Delta Capital Force. MaaS Finland founder Sampo Hietanen holds a
    Read More
  • Toyota, BMW, Allianz to partner with autonomous vehicle startup Nauto
    October 11, 2016
    Autonomous vehicle technology company Nauto has entered into strategic agreements with BMW i Ventures and Toyota Research Institute, as well as with Allianz Ventures, part of financial service provider and insurance company Allianz Group. These companies have invested in Nauto and are working with the company on autonomous vehicle development using the Nauto cloud-based data learning platform. Nauto has developed deep learning capabilities that run both in the cloud and on retrofit devices that can be mo
    Read More
  • How public transit improves quality of life
    June 29, 2022
    There are various reasons why Mobility as a Service is catching on more in Europe than the US – but there are still other ways in which access to mobility can be improved across the states, finds Gordon Feller
    Read More

Highlighted Content