NTT's $67M Bet On US Self-Driving Tech Start-Up, Partners With Toyota: Report
Portfolio Pulse from Shivani Kumaresan
NTT Corporation is planning a strategic alliance with Toyota Motor Corporation (NYSE:TM) to introduce driverless buses and taxis by 2025. NTT will invest approximately $66.91 million into May Mobility, a Michigan-based startup known for self-driving systems. Toyota reported a 24% YoY revenue growth to $75.7 billion for the quarter that ended on September 30th.
November 06, 2023 | 12:47 pm
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Toyota is partnering with NTT Corporation to introduce driverless vehicles by 2025. This strategic alliance and the investment in May Mobility could accelerate the development of autonomous transportation, potentially boosting Toyota's position in the market.
The strategic alliance with NTT and the investment in May Mobility could accelerate the development and deployment of autonomous transportation. This could potentially boost Toyota's position in the market, leading to increased revenues and a positive impact on its stock price.
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