Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  DENSO Corporation    6902   JP3551500006


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

DENSO : Leads AI-Powered Fleet Management Technology Company ActiveScaler's Seed Funding Round

share with twitter share with LinkedIn share with facebook
share via e-mail
01/05/2018 | 07:44am EDT

KARIYA (Japan) -DENSO, one of the world's largest automotive suppliers, announced a significant investment in startup company ActiveScaler, a developer of Managed MaaS (Mobility-as-a-Service) systems powered by artificial intelligence. DENSO's investment will help expand ActiveScaler's platform and technologies, which simplify and better customize shared mobility experiences. The agreement also will help accelerate deployment of Managed MaaS systems for leading mobility operators and fleet service providers.

With the increase in global demand for more scalable and efficient services for moving people and goods, ActiveScaler's technology will help enhance growth and simplify implementation with a modular set of components that enable mobility service providers and fleet managers to tailor MaaS solutions to their specific business needs.

'DENSO's focus is to develop technologies that advance the future of mobility, and enable connected and automated driving,' said Yoshifumi Kato, Senior Executive Director at DENSO Corporation. 'These technologies directly influence the development of MaaS systems, which will disrupt the future of urban mobility for people and goods by making transportation solutions more seamless and accessible. ActiveScaler will help fleet operators accelerate new business opportunities by integrating the emerging MaaS ecosystem with higher performance and faster time to market.'

Tony Cannestra, Director of Corporate Ventures for DENSO, emphasized the importance of collaboration for innovative technology development. 'Technologies that simplify and better customize shared mobility experiences are a key focus area for DENSO, and we will strongly support those technologies with strategic investments and boundary-pushing collaborations,' said Cannestra. 'ActiveScaler's robust platform has the potential to impact how commercial fleets navigate city streets around the world, and we look forward to seeing how our technologies can help.'

'We want to be the engine behind the future of MaaS - hence the term 'Managed MaaS', which will transform current fleet businesses to provide next generation mobility services,' said Abhay Jain, CEO of ActiveScaler. 'Traditional fleet management services and systems are quickly becoming obsolete because of issues like high upfront software and hardware costs, poor ecosystem integration, and lack of flexibility, which are limiting the type and quality of services that can be offered.

'Our new AI-powered technology and fresh approach provides the ability to build end-to-end MaaS businesses featuring advanced analytics and automation, high security, and regulatory compliance while reducing environmental impact. This is essential for current as well as future businesses built around multi-mode transportation and autonomous vehicles,' added Jain.

DENSO continues to evaluate technology investment opportunities, including both core automotive solutions and innovative technologies with potentially significant implications for the future of transportation.

About DENSO Worldwide
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/.

About ActiveScaler Inc.
ActiveScaler exponentially improves the flow of people and goods for transportation providers. The company's Managed Mobility-as-a-Service (Managed MaaS) product suite includes FleetFactor™, In-Motion™ global platform and API, and IMBOT™ that revolutionize mobility by automating operations management with contextual analytics, machine learning and artificial intelligence. Transportation providers can readily improve and expand service offerings while making sense of a growing stream of real-time data. ActiveScaler focuses on serving a range of transportation providers from individual mobility operators to multi-mode integrators and large scale commercial fleets. For more information, please visit www.activescaler.com.

Denso Corporation published this content on 05 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 January 2018 12:44:03 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
06/05DENSO : Opens Electrification Innovation Center at Anjo, Japan, Plant
06/01DENSO : and Certhon Establish DENSO AgriTech Solutions, To the Global Expansion ..
06/01DENSO : and Certhon Establish DENSO AgriTech Solutions
05/29DENSO : Announces Changes in the Areas of Responsibility of Senior Executive Off..
05/19DENSO : Revision of the Amount of Compensation Payable to Members of the Board a..
05/18GLOBAL AUTOMOTIVE INFOTAINMENT SYSTE : 9.7% | Denso Corporation, Robert Bosch Gm..
05/18DENSO : Global Mobility Service to Support Delivery of COVID-19 Test Kits in Ind..
05/18DENSO : Revision of the Amount of Compensation Payable to Members of the Board a..
04/30Consumer Stockpiling Boosts Food Makers -- Earnings at a Glance
04/30DENSO : Announces Year-end Financial Results
More news
Sales 2020 5 123 B 46 731 M 46 731 M
Net income 2020 107 B 975 M 975 M
Net cash 2020 244 B 2 227 M 2 227 M
P/E ratio 2020 31,6x
Yield 2020 3,14%
Capitalization 3 366 B 30 677 M 30 705 M
EV / Sales 2019
EV / Sales 2020 0,61x
Nbr of Employees 171 992
Free-Float 57,0%
Duration : Period :
DENSO Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DENSO CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 4 534,41 JPY
Last Close Price 4 344,00 JPY
Spread / Highest target 33,5%
Spread / Average Target 4,38%
Spread / Lowest Target -26,3%
EPS Revisions
Koji Arima President, CEO & Representative Director
Yoshifumi Kato Head-Technology Development Center
Yasushi Yamanaka Representative Director, VP & Head-Quality
Shoji Tsuzuki Director & Senior Managing Executive Officer
Hiroyuki Wakabayashi Representative Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL AG-14.42%22 328
APTIV PLC-9.60%21 881
HYUNDAI MOBIS CO.,LTD-14.45%17 221
WEICHAI POWER CO., LTD.-12.41%15 223