MUFG Bank has announced its investment in and partnership with May Mobility to support the rapid deployment of autonomous vehicle services globally. Under this partnership, MUFG Bank will provide access to its extensive network and advanced financial services to help May Mobility scale its fleet to thousands of vehicles alongside new and existing fleet operators over the coming years.
The autonomous driving industry is expected to undergo significant growth. In addition to solving social issues related to transportation and mobility, the future expansion of services is expected to create new economic value. MUFG Bank and May Mobility aim to introduce autonomous driving to a wide range of industries and services, driving economic growth in Japan and abroad.
The autonomous driving system developed by May Mobility uses a proprietary multi-policy decision-making (MPDM) technology, which applies real-time, human-like reasoning to handle any scenario with AI-powered speed and precision. May’s experience operating in Japan has enabled the technology to adapt to local traffic environments, preparing the company to scale operations.
Through this partnership, the bank will contribute to the development of the autonomous driving industry and the social adoption of sustainable autonomous driving services in Japan and the USA to help solve various social issues.
May Mobility develops and deploys autonomous driving technology in the USA and Japan, which addresses social issues by providing a way to travel and live comfortably without a vehicle or driver’s license. In Japan, the shortage of drivers due to the declining birthrate and aging population, as well as the voluntary surrender of driver’s licenses by the elderly, are expected to increase the number of people without sufficient access to transportation. To address these issues, May Mobility has deployed its autonomous vehicles in Nagoya and Tokyo, helping Japanese society to adopt autonomous driving services.
In related news, May Mobility has announced a strategic partnership with Itochu Corporation, a provider of customer experience and business process outsourcing solutions, to help accelerate driverless deployments globally over the coming years