Toyota Financial Services has taken a stake in Finnish company MaaS Global Ltd to develop integrated mobility solutions.

MaaS Global Ltd was established in April 2016 to provide multi-modal transportation service.

MaaS Global Ltd was established in April 2016 to provide multi-modal transportation service and has developed its ‘Whim’ app to offer a monthly mobility subscription package, with options currently including public transport, e-hailing and car rental.

The app already operates 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 said the investment – made for an undisclosed amount – will explore a co-operation model for multi-modal mobility solutions, including the necessary technology.

Mr Inuzuka, CEO of Toyota Financial Services, said: “We are very pleased to partner with MaaS Global and work together on the development of multi-modal mobility solutions. The vision and business model of MaaS Global marries with Toyota’s strategic objective to serve the mobility needs of our current and future customers.”

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