Sofico has joined the Monet Consortium to help support work in Japan on mobility services.

Taro Yamazaki, marketing manager of Sofico Services Japan

The consortium has been established by Monet Technologies, a joint venture announced by Toyota and SoftBank in 2018 and now also including carmakers such as Mazda, Suzuki and Subaru.

The Monet Consortium aims to develop  Mobility as a Service (MaaS) business by promoting collaboration between companies. It brings together over 650 companies from various industries including construction, manufacturing, ICT, energy, logistics, finance and vehicle leasing.

Automotive finance, leasing and fleet software provider Sofico has joined the consortium through its subsidiary, Sofico Services Japan.

Sofico said the consortium is a great fit for the business as it continues to enhance the capabilities of its Miles solution to manage a greater range of mobility services for its clients in line with their changing business requirements.

The solution enables major automotive finance and leasing businesses to provide driver-centric, value-added mobility and connected car services.

Taro Yamazaki, marketing manager of Sofico Services Japan, commented: “Customers are increasingly looking for the ability to offer managed mobility solutions as businesses, especially in major urban areas, investigate multi-modal mobility to compliment or replace the traditional company car.

“As a member of the Monet Consortium, Sofico wants to contribute to the consortium’s goal of promoting MaaS in Japan.”