DENSO Obtains Stake in On The Road to Develop MaaS Technology

DENSO Obtains Stake in On The Road to Develop MaaS Technology

DENSO Corporation has announced that it has taken an equity stake in On The Road Co Ltd, a developer of next-generation software using cloud computing, edge computing, and other IT platforms, to accelerate development of technology for Mobility as a Service (MaaS) systems. The deal has been finalised at about 160 million yen ($1.5 million) corresponding to stake of about 14.88 %.

To achieve MaaS, Internet of Things (IoT) technology will be required to collect and analyse data obtained from high-speed mobility on a real-time basis, and give optimal feedback of necessary information to mobility service providers via the cloud, such as operation management and car sharing. DENSO has identified MaaS as one of key strategic area of technology development, and is working on cloud computing technology to consolidate and share a wide range of vehicle information, AI technology to analyse collected data and in-vehicle edge computing.

On The Road develops large-scale systems using communication and cloud computing technology, and high technical capabilities for developing key technologies required for next-generation mobility services. DENSO intends to leverage On The Road’s technical capabilities and development resources to improve its system to develop MaaS systems and speed up development of software technology. With these systems and technologies, DENSO will support auto manufacturer companies and service providers to develop better products and services.

DENSO has been building partnerships with IT companies in Japan and throughout the world and plans to continue contributing to the realisation of MaaS systems to provide a safe and convenient means of mobility for non-vehicle owners as well as vehicle users.