Sofico joins Monet Consortium to support rising mobility demand

By / 3 weeks ago / News / No Comments

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.”

For more of the latest industry news, click here.

Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.