The funds transfer would give mobility services access to Vision Fund’s world-wide network of resources.
Idex Auto Japan, a dealer of new and previously owned vehicles and car rental operator in Japan, has been appointed the company's licensee to operate the brand.
The service, which launches in Tokyo and select regions, aims to promote Lexus vehicles and meet demand for luxury car rentals in Japan.
Nissan Motor Co., Ltd. and the City of Yokohama introduced a round-trip car sharing service on March 20, 2017, featuring the Nissan New Mobility Concept, an ultra-compact electric vehicle.
Operating in Japan, Ha:mo is made up of two services, Ha:mo Ride and Ha:mo Navi. Ha:mo Ride is Toyota's car sharing program that uses compact electric vehicles.
The newest car sharing pilot program is part of an urban transportation system called Ha:mo, which is supposed to represent a 'harmonious mobility' network between people and where they live. Ha:mo will first establish four, unmanned car sharing stations in Toyota City.
In the survey of more than 2,000 people, only 1.1% said they had every used car sharing.
According to Daily Traffic News, most major car rental companies in Japan are growing their fleets.
In looking at eight of Japan's larger car rental companies, the fleet growth ratio is averaging at more than 100%.
ORIX Auto Co. decided to roll its three rental car brands into one to improve convenience for customers.