MONET Technologies

What MONET Technologies does

MONET Technologies is a Tokyo-based Mobility-as-a-Service (MaaS) platform company, incorporated in January 2019 as a joint venture between Toyota Motor Corporation (37.0%) and SoftBank Corp. (37.3%), with additional minority stakes held by Hino Motors, Honda, Isuzu, Suzuki, Subaru, Daihatsu, and Mazda. The company builds an integrated MaaS stack that includes consumer-facing apps (MONET App, MONET Move with LINE integration), operator dashboards and driver applications (MONET Move admin web), healthcare mobility software (MONET Care), and a developer-facing API marketplace (MONET Marketplace / Demand Transit Kit). Underlying these software layers are configurable Multi-Task Vehicles converted from Toyota HiAce Grand Cabin chassis, with interchangeable interiors for office, on-demand transit, tourism, retail, cargo, mobile clinic, and mobile-government uses; the lineup has expanded to include EV variants, a Universal Service Vehicle, a Starlink-equipped version for connectivity in low-coverage areas, and a bathing MaaS unit called NUKUMARU.

The company addresses three primary use cases in Japan: on-demand public transit for municipalities facing driver shortages and declining ridership, Medical MaaS pairing multi-task vehicles with online telemedicine to extend physician reach to elderly and rural patients, and Administrative MaaS that brings government services (document issuance, mynumber applications, advance voting) directly to residents via connected vehicles. Revenue is generated through a combination of subscription/recurring fees for the platform (MONET Move, MONET Care), one-time hardware sales for vehicle conversion and full vehicle packages, managed services for the Autono-MaaS business with Toyota, and API/licensing revenue through the MONET Marketplace. Go-to-market is overwhelmingly business-to-government via direct enterprise sales to municipal officials, supplemented by a consortium-driven community model in which 818 member companies participate in co-creation and downstream distribution.

Operations span 9+ Japanese cities for autonomous vehicle deployments (through the May Mobility partnership) and dozens of additional municipalities for demand-transit, medical, and administrative pilots. Leadership transitioned in June 2026 with Kashiwagi Michiteru appointed President and CEO, succeeding Shimizu Shigehiro (now Executive Advisor to CEO); Morikawa Makoto serves as Deputy President and COO. Reported capital and capital reserves stand at ¥50 billion, while disclosed funding rounds total approximately $4.5 million across the 2019 Hino/Honda tranche (with a subsequent 2019 round from six additional automakers of undisclosed size).

Name

MONET Technologies

Legal name

MONET Technologies株式会社 (MONET Technologies Inc.)

Website

https://monet-technologies.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

MONET Technologies is a Tokyo-based MaaS platform joint venture of Toyota and SoftBank that delivers on-demand transit, Medical MaaS, and Administrative MaaS solutions to Japanese municipalities using configurable multi-task vehicles and integrated software.

Ownership category

akta.pro rank

Product category

Mobility-as-a-Service Platform

NAICS

Taxi and Ridesharing Services (485310)

akta.pro primary industry

Mobility Aggregation & Booking (Multi-Provider Marketplace) Platforms (THADALAB)

akta.pro secondary industry

Campus / Community MaaS Platforms (Universities, Business Parks, Municipal Districts) (THADALAH)

Keywords

• Mobility as a Service
• On-demand transit
• Medical MaaS
• Multi-task vehicles
• Demand-responsive transport

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. MaaS Platform and System Services: Provides on-demand mobility dispatching systems, operator dashboards, and driver apps to municipalities and transport operators. Revenue generated through service fees for platform access and system utilization.
2. Multi-Task Vehicle Sales and Conversion: Sells and converts vehicles (Toyota HiAce) into multi-task MaaS vehicles with custom interiors, equipment, and branding. Vehicle body conversion and optional equipment packages.
3. Autono-MaaS Business: Autonomous vehicle MaaS business utilizing Toyota autonomous vehicles for mobility services, in partnership with Toyota Motor Corporation.
4. MONET Marketplace API Services: Provides APIs and services for MaaS business development through the MONET Marketplace platform, allowing third-party developers to integrate demand-responsive transport functionality.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

MONET Technologies operates a Mobility-as-a-Service (MaaS) platform that delivers AI-powered on-demand dispatch software, a consumer app, and specialized multi-task vehicles to Japanese municipalities and enterprises. Its core offerings include on-demand public transit, medical mobility services (mobile clinics with online consultation), and administrative mobility services (mobile city halls for document issuance and voting). The company also sells a configurable Toyota Hiace-based multi-task vehicle and exposes dispatch APIs through the MONET Marketplace for third-party MaaS application development.

Product overview

MONET Technologies operates a modular MaaS (Mobility as a Service) platform composed of consumer apps, operator systems, and specialized vehicles. The core consumer-facing product is the MONETアプリ (MONET App), which consolidates on-demand bus booking, medical MaaS, and coupon services into one interface. Supporting this are MONET Move (operator-side dispatch and fleet management suite with driver app and admin web portal), MONET Care (healthcare mobility scheduling system), and the MONET デマンド交通キット (Demand Transit Kit — API product enabling custom app integrations via the MONET Marketplace developer portal). The company also manufactures and converts the マルチタスク車両 (Multi-task Vehicle) based on Toyota Hiace, with configurable interiors for diverse MaaS uses. Services are organized around three verticals: オンデマンドサービス (on-demand transit), 医療MaaS (healthcare mobility combining medical vehicles with online telemedicine), and 行政MaaS (mobile government services bringing administrative functions to residents). An optional LINE integration enables booking through LINE official accounts without a dedicated app.

Differentiator

Problem solved

Functional benefit

Brands

• MONET Move: On-demand mobility service application suite for operators, drivers, and users
• MONET Care
• MONET App
• MONET Consortium
• MONET LABO
• MONET Marketplace
• MONET Demand Transportation Kit

Products and services

• MONET App (MONETアプリ) Consumer-facing smartphone application that consolidates on-demand bus booking, mobile clinic services, and coupon redemption into a single interface. Supports proxy booking for users without smartphones and is offered to participating municipalities and enterprises.
• MONET Move Operator-side application suite for on-demand mobility services comprising a user reservation app, driver app with real-time route and plan display, and administrator web dashboard for fleet monitoring, reservation management, and coupon issuance. Targets local governments and transport operators.
• MONET Care Application suite enabling healthcare mobility services where medical vehicles travel to patient homes. Includes driver app with real-time routing, admin web portal for reservation management, and reservation management system coordinating patients, medical staff, and vehicles for online medical consultations.
• MONET Demand Transit Kit (MONET デマンド交通キット) API development kit for enterprises and municipalities that provides a dispatch reservation API to search and book demand transit vehicles by date, boarding/alighting points, and passenger count, and to manage passengers, schedules, boarding points, and vehicles. Available through the MONET Marketplace.
• MONET Marketplace (マーケットプレイス) Developer marketplace platform that aggregates MONET's own APIs and third-party APIs and services for MaaS business development, allowing companies to build custom MaaS applications using available components.
• Multi-Task Vehicle (マルチタスク車両) Customizable MaaS-purpose vehicle based on the Toyota Hiace Grand Cabin (10-seat capacity) with configurable interior layouts switched via floor rails for office, on-demand transport, tourism, reception, retail, and cargo use cases. Features floor rails, LED lighting, sub-battery, and USB ports. Available as bare chassis conversion or full vehicle with conversion.
• On-Demand Service (オンデマンドサービス) On-demand transit service that uses MONET's AI-based dispatch platform to enable flexible routing and scheduling from real-time reservations. Targets local governments and enterprises seeking efficient public transport in aging societies and driver-shortage contexts.
• Medical MaaS (医療MaaS) Healthcare and mobility service in which multi-task vehicles equipped with medical devices travel to patient homes; nurses accompany the vehicle while doctors conduct online consultations via video link. Addresses elderly healthcare access and physician shortage in rural Japan.
• Administrative MaaS (行政MaaS) Mobile administrative service using multi-task vehicles connected online to municipal offices to deliver services such as MyNumber card applications, document issuance, online consultations, and advance voting to residents in remote areas. Available in Standard and Advanced plans.

Quantifiable outcome

• Multiple municipalities have transitioned from pilot to full-scale operations (e.g., Hokkaido Mikasa City moved to full Administrative MaaS operation)
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature6 records

Partnerships

Twelve partnerships are on record, tiered minor and core.

• Philips JapanminorStrategic or Co-development Partner · 1 December 2019Healthcare technology partner for Medical MaaS implementations, providing medical equipment and expertise for mobile clinic services.
• Isuzu Motors LimitedminorStrategic or Co-development Partner · 1 June 2019Capital alliance partner (1.1% stake) as part of broader automotive manufacturer collaboration for MaaS platform.
• Suzuki Motor CorporationminorStrategic or Co-development Partner · 1 June 2019Capital alliance partner (1.1% stake) as part of broader automotive manufacturer collaboration for MaaS platform.
• SUBARU CorporationminorStrategic or Co-development Partner · 1 June 2019Capital alliance partner (1.1% stake) as part of broader automotive manufacturer collaboration for MaaS platform.
• Daihatsu Motor Co., Ltd.minorStrategic or Co-development Partner · 1 June 2019Capital alliance partner (1.1% stake) as part of broader automotive manufacturer collaboration for MaaS platform.
• Mazda Motor CorporationminorStrategic or Co-development Partner · 1 June 2019Capital alliance partner (1.1% stake) as part of broader automotive manufacturer collaboration for MaaS platform.
• Hino Motors, Ltd.coreStrategic or Co-development Partner · 1 March 2019Capital and business alliance partner (10.0% stake). Collaboration on commercial vehicle integration and mobility services development.
• Honda Motor Co., Ltd.coreStrategic or Co-development Partner · 1 March 2019Capital and business alliance partner (10.0% stake). Collaboration on mobility service development and technology integration.
• May MobilitycoreStrategic or Co-development Partner · 1 February 2019Autonomous vehicle technology partner operating joint ventures in Japan. May Mobility deploys autonomous vehicles using patented Multi-Policy Decision Making (MPDM) system. Partnership addresses Japan's driver shortage through autonomous bus and transit services.
• NTT (Nippon Telegraph and Telephone)coreStrategic or Co-development Partner · 1 February 2019Telecommunications and technology partner supporting autonomous vehicle deployments and MaaS platform connectivity requirements in Japan.
• SoftBank Corp.coreStrategic or Co-development Partner · 1 February 2019Joint venture partner for autonomous mobility services deployment across Japan, combining May Mobility's AV technology with SoftBank's telecommunications infrastructure.
• MONET Consortium (818 member companies)coreStrategic or Co-development PartnerEcosystem of 818 companies across industries participating in MaaS business co-creation. Consortium operates 3UP program (Meet UP, Start UP, Build UP) for business development. Open to companies committed to mobility innovation.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Kakao Mobility: Kakao Mobility is Korea's leading MaaS platform integrating taxi-hailing, navigation, and public transit; serves as a useful regional comparable for an integrated mobility app from a major local shareholder.

Direct peers

• Transit App: Transit App provides multi-modal trip planning and on-demand transit tools to transit agencies and riders, comparable to MONET's consumer-facing app and public transit integration focus.
• Spare: Spare offers a transit-agency-focused platform for microtransit and paratransit, directly comparable to MONET Move for demand-responsive transit and accessibility-focused deployments.
• Via Transportation: Via operates a global MaaS/ride-pooling software platform serving transit agencies and municipalities, closely analogous to MONET's B2G on-demand transit offering and Demand Transit Kit API.
• Padam Mobility: Padam provides on-demand transit software to European cities and public transport operators, with comparable AI routing, B2G model, and multi-modal integration focus.
• MaaS Global (Whim): Whim pioneered the integrated MaaS subscription app model in Helsinki, conceptually similar to MONET's vision of a multi-modal mobility platform unified through a single consumer app.

Others

• Zipcar: Zipcar operates corporate and community car-sharing fleets; comparable to MONET's corporate mobility and community/campus MaaS deployments as adjacent shared-mobility infrastructure.

Emerging players

• May Mobility: May Mobility is MONET's named AV technology partner deploying autonomous vehicles in Japanese cities; also a peer in the autonomous transit-as-a-service category MONET is targeting.

Broad incumbents

• Moovit: Moovit (an Intel company) operates a global transit data and MaaS app used by hundreds of cities, competing in the multi-modal trip planning layer where MONET's app and API marketplace also play.
• Uber Transit: Uber's transit partnership program integrates public transit data and ticket purchasing into the Uber app, competing with MONET's multi-modal aggregation ambitions at global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/monet_techs

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MONET Technologies