Toyota Motor Corporation (Toyota) and SoftBank Corp. (SoftBank) have completed investment in their mobility services joint venture, MONET Technologies Inc. (MONET) (earlier post); full-scale operations have begun.

Specifically, of MONET’s three main business domains—1) on-demand mobility services, 2) data-analysis services, and 3) Autono-MaaS—the joint venture will first roll out on-demand mobility services.

“Autono-MaaS” is a new word created by combining “Autonomous vehicle” and “Mobility as a Service (MaaS).” It describes mobility services that use autonomous vehicles provided by Toyota.

On-demand transportation through regional partnerships and corporate shuttles will begin in fiscal year 2018 through cooperation with local public agencies and private companies.