Toyota launches new brand to focus on mobility services
21 January 2020 - Autocar
Toyota has launched a new brand called Kinto, which will focus on mobility services including car sharing, subscription services and autonomous transport systems.
The new brand will be introduced in Europe as part of Toyota’s efforts to expand its business beyond making and selling cars by taking advantage of new technology, including connected cars and autonomous systems.
Matthew Harrison, the boss of sales for Toyota and sub-brand Lexus, said the goal was to establish Kinto as a “brand that consistently delivers exceptional customer experience, whether moving close to home or travelling in other markets”.
Kinto will be an umbrella brand for a range of services, which will be introduced in selected cities and markets. They include Kinto One, a full-service leasing system that will merge vehicle, service and insurance costs into a single monthly payment. Kinto Flex will offer subscription-based car leasing with a ‘premium experience’.
There will be a car sharing service, Kinto Share, which will utilise hybrid vehicles on a self-service basis. Yuko – Toyota’s current car sharing scheme, which runs in a handful of cities, including Dublin – will be rebranded.
Kinto Join will be a car pooling service that will help connect people who want to share their daily commute.
Toyota says other services are being evaluated, including ride hailing. The services will be accessed via a mobile app with integrated payments.
More broadly, Toyota is aiming to increase the number of mobility services that it offers, with a focus on using data and vehicle connectivity to do so. It is also investigating how it can use future advances in autonomous vehicles to develop ‘mobility-as-a-service’ (MaaS) offerings, particularly using the e-Palette concept that it is currently developing.
The e-Palette is already set to be utilised during the Tokyo 2020 Olympic Games this year. Toyota will also operate a fleet in the 175-acre experimental city it is aiming to build in Japan.
Other car firms have also established sub-brands to investigate new mobility-based business models, including the Volkswagen Group’s Moia ride sharing sub-brand.