Japanese taxi-tech Newmo receives MUIP investment

MUFG Innovation Partners (MUIP), the venture capital arm of Mitsubishi UFJ Financial Group (MUFG), has invested in Newmo, a Japanese startup specializing in taxi and ridesharing services.

The investment seeks to explore collaborative opportunities between Newmo and MUFG’s other business units.

These collaborations will focus on enhancing services for both individual ridesharing users and businesses seeking transport solutions.

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