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Car-pooling startup seeks profits from life in Japan's slow traffic lanes

Notteco targets long-distance travellers between cities and plans to raise 100m yen initially from individuals

Published Wed, Apr 22, 2015 · 09:50 PM

Tokyo

STUCK in traffic heading out of Tokyo, Kohei Miwa noticed how few of the cars alongside him on the freeway were carrying passengers.

"It occurred to me that car-pooling would be one way to reduce traffic jams," said Mr Miwa, a 38-year-old former banker who worked at Goldman Sachs Group Inc and Morgan Stanley.

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Car-pooling startup seeks profits from life in Japan's slow traffic lanes

Transport & Logistics

Toyota is investing US$1.4 billion to build another all-electric SUV in US

Airbus net profit soars 28% in first quarter

Carrier AirAsia discloses new listing plans under RM6.8 billion units merger

Baltimore’s trapped ships start leaving as new channel opens

S&P slashes Boeing credit outlook as rating hovers above junk status

Honda to spend US$11 billion on EV strategy in Canada

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