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

  • Oxbotica raises $140m for AV software
    January 16, 2023
    Funding will be used to grow in North America and to pursue driverless passenger transport
    Read More
  • Best laid plans
    March 22, 2012
    Colossal is not too bold a word to describe the scale of ITS developments currently under way in Europe. The European Commission’s ITS Action Plan has six areas of focus, each of which expands out into numerous projects involving a lot of leg work by various committees, working groups or consultants. Add to that the supporting work and research efforts of the many parts of Ertico (ITS Europe); plus each of the 27 European Union member states is working on ‘transition’ of the EU’s ITS Directive into their ow
    Read More
  • Brisa Innovation becomes A-to-Be at MaaS Market conference
    March 22, 2017
    On the first day of ITS International’s MaaS Market Conference Portuguese company Brisa Innovation announced it has changed its name to A-to-Be. The new name reflects an increasing involvement in the Mobility-as-a-Service (MaaS) sector with LinkBeyond and MoveBeyond, which are designed for use by MaaS providers, being added to its revised portfolio. Using LinkBeyond, MaaS providers can link to all the different transport service operators and incorporate their services into its MaaS offering. Accordin
    Read More
  • Transport Ministers call for clarity on NOx emissions, UK begins research project
    June 8, 2016
    On 7 June, EU Transport Ministers debated on the best way to cut NOx emissions from diesel cars in the wake of the VW scandal. They reflected on possible ways to improve existing legislation to avoid illegal use of defeat devices and explored what technical solutions could already minimise emissions. The Dutch Presidency encouraged Member States to share the findings of their enquiries with other. The proposal to update Euro 5 legislation on the use of defeat devices would have increased uncertainties, rath
    Read More

Highlighted Content