MOL PLUS to invest in T2 Inc., a developer and provider of autonomous truck-based hub-to-hub transportation services

MOL PLUS Co., Ltd. today announced its decision to invest in T2 Inc., a developer and provider of hub-to-hub transportation services using autonomous trucks.

Japan’s domestic logistics industry is facing shortage of truck drivers, and addressing this issue has become a critical challenge. Guided by its vision of “supporting Japan’s logistics together through autonomous driving technology,” T2 aims to launch hub-to-hub transportation services in 2027 or later using Level 4 autonomous trucks. In addition to developing autonomous driving systems, the company also operates its own transportation business, advancing the real-world deployment of autonomous logistics.

MOL PLUS has decided to make this investment in order to work alongside the T2 team as it tackles the logistics industry’s most pressing real-world challenges head-on with practical solutions. MOL PLUS will contribute to business development in tangible ways by drawing on its expertise in the ocean shipping industry.

MOL PLUS continually works to generate synergetic effects based on startup companies’ innovative ideas and technologies and MOL Group’s resources, aiming to create new businesses PLUS new value to the ocean shipping industry and society.