DENSO Obtains Stake in On The Road to Accelerate Development of Technology Used in MaaS

DENSO Corporation  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 -T. The amount of investment is about 160 million yen (approximately US$ 1.5 million) which corresponds to about a 14.88% stake.

To achieve MaaS, Internet of Things (IoT) technology will be required to collect and analyze 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 swiftly working on cloud computing technology to consolidate and share a wide range of vehicle information, AI technology to analyze collected data, in-vehicle edge computing, and more.

On The Road, with which DENSO has had a capital tie-up, has a proven track record of
developing large-scale systems using communication and cloud computing technology, and
high technical capabilities for developing key technologies required for next-generation
mobility services. DENSO will 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.

To help create new mobility of the future, DENSO is actively building partnerships with IT
companies in Japan and throughout the world. DENSO will continue to contribute to the
realization of MaaS systems to provide a safe and convenient means of mobility for non-vehicle owners as well as vehicle users.

For further information visit :  www.denso.com