Suzuki Invests in movus Technologies to Expand Eco-Car Subscription in Indonesia
Suzuki Motor Corporation has invested in Japanese startup movus technologies to offer an eco-car subscription service for ride-hailing drivers in Indonesia.
- 110 (as of March 2026)
- 1970
What Happened
Suzuki Motor Corporation has invested in movus technologies Inc., a Japanese startup providing an eco-car subscription service in Indonesia for ride-hailing drivers. The service combines IoT devices with a proprietary credit assessment system that uses data from smartphones and other sources to evaluate users. Users can ultimately own the vehicle through monthly payments, and the credit assessment enables access for those who typically struggle with conventional financing.
- Company: movus technologies Inc.
- Representative: Taketora Sakai
- Established: 15 February 2021
- Employees: 110 (as of end of March 2026)
Suzuki has been in Indonesia since 1970 and considers it a core ASEAN market. The company offers models like Fronx, Carry, and eVitara. Through movus's service, Suzuki expects to connect with a broader customer base.
Why this matters
This investment helps Suzuki reach more customers in Indonesia by providing a new financing option for ride-hailing drivers, combining IoT and credit assessment to make vehicle ownership more accessible.
Terms in This Story
- IoT
- Internet of Things; network of physical devices connected to the internet.
- credit assessment
- Evaluation of a person's creditworthiness based on financial data.
- ASEAN
- Association of Southeast Asian Nations, a regional economic alliance.
- ride-hailing
- Service where passengers request rides via smartphone app.
Summarised from the linked release; details can be imperfect — always verify against the original source.