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Tokyo Century Corporation has made a significant investment in May Mobility, a pioneering firm in the field of autonomous vehicle (AV) technology based in the United States. This strategic move aims to spearhead the deployment and widespread adoption of AVs, not only across North America but also in Japan, marking a pivotal step towards the realization of a sustainable mobility society.
Key Highlights:
- Investment in May Mobility: Tokyo Century Corporation backs U.S.-based AV technology developer.
- Goal: To deploy AVs in North America and Japan, addressing driver shortages and demographic shifts.
- Strategic Partnerships: Collaboration with Nippon Telegraph and Telephone Corporation (NTT) and others.
- Future Growth Areas: Focus on electric vehicles (EVs), autonomous driving technology, and next-generation tech.
- Community Collaboration: Engaging with local communities and transportation businesses for AV service rollout.
In response to Japan’s commercial vehicle driver shortage, alongside its decreasing birthrate and increasing elderly population, there’s a heightened anticipation for the real-world application of autonomous driving technologies. May Mobility, recognized for its substantial expertise and reputable standing in autonomous driving in both the U.S. and Japan, has captured investments from numerous Japan-based entities, including Nippon Telegraph and Telephone Corporation (NTT).
The Tokyo Century Group, known for its diverse mobility services, such as auto leasing and car rentals, is setting its sights on electric vehicles, data business, autonomous driving technology, and other futuristic technologies as key areas for expansion. The group’s strategic investment in May Mobility aligns with its ambition to innovate mobility services through partnerships with technologically advanced startups.
“By combining the Group’s business foundation with the strengths of investment partners, we expect to generate synergies to resolve the aforementioned various social issues,” the company stated, underlining the potential to tackle societal challenges through collaborative innovation.
Looking ahead, Tokyo Century plans to work alongside various stakeholders, including local communities and transportation sectors, to weave autonomous driving services into the societal fabric. By offering dependable and secure AV services, the corporation aspires to contribute significantly to the pursuit of sustainable mobility.
About May Mobility: Specializing in autonomous vehicle technology, May Mobility has been instrumental in transforming urban mobility. Its proprietary Multi-Policy Decision Making (MPDM) system underscores its commitment to enhancing city life through safety, sustainability, and accessibility. Having already provided over 350,000 autonomous rides across multiple U.S. and Japanese cities, May Mobility continues to set benchmarks in partnership with leading automotive and transportation innovators, including Toyota Motor Corporation and NTT. For more details, visit their website at www.maymobility.com.
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