Toyota acquires majority stake in carpooling start-up Faxi
Investment to help Faxi scale up its operations
Toyota Financial Services, a wholly owned subsidiary of Toyota, has acquired a majority stake in the UK-based carpooling start-up Faxi, the automaker said in a press release on 3 May. Faxi has developed an application (app) and software platform that allows users to connect with colleagues who share the same route to work and commute at similar time. In return, these colleagues get incentives and from their companies such as priority parking.
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