Toyota Financial Services (TFS), together with its Insurance partner has made what it calls, “A significant investment” in the Finnish company MaaS Global Ltd.
MaaS Global Ltd was established in April 2016 to provide multi-modal transportation services. Through its ‘Whim’ App, it 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 says it 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.
“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”, said Mr Inuzuka, CEO of Toyota Financial Services