Japanese car maker Toyota has announced that it is teaming up with Japanese tech powerhouse Softbank in a joint venture that will aim to develop autonomous mobility services.

As the race to bring self-driving vehicles to market intensifies, Toyota believes that a joint effort is the way forward and partnering with one of the world’s leading technology companies to help deliver advanced AVs will help share costs, knowledge and R&D to reach its goal.

As part of this strategic partnership the two companies plan to launch a company called Monet Technologies, which stands for mobility network, by April 2019.

Continue reading Toyota and SoftBank create venture for mobility services at ADAS & Autonomous Vehicle International.