MOTER Technologies and NEC Form Strategic Capital Alliance to Advance the Future of Mobility Through Digital Innovation

NEC and MOTER Technologies announced that they have entered into a capital alliance agreement.

In recent years the mobility industry has undergone a once-in-a-century transformation, reshaped by electrification, autonomous driving, connected vehicles, and the sharing economy. These advances have made transportation and operational risks more complex and diverse, requiring mobility service providers and insurers to adopt new approaches. To advance innovative insurance services that can deliver swift and accurate support through cutting-edge digital technology, NEC and MOTER have entered this capital alliance.

This alliance will combine the NEC Group’s advanced digital technologies, including AI, video analytics, and biometric authentication, with MOTER’s expertise in real-time vehicle data analytics and its track record of developing and operating insurance products and services in the U.S. market. Together, the two companies aim to create new value for stakeholders across the mobility ecosystem and build a safer, more seamless transportation environment for everyone.

By integrating the NEC Group’s advanced video recognition technology and Vision-LLM with MOTER’s expertise in telematics, the companies will jointly develop a multimodal AI agent capable of advanced reasoning through the analysis of driving data collected from dashcams and other in-vehicle devices. Leveraging this technology, the system will automatically extract and process key information in the event of an accident, such as vehicle movements, collision dynamics, and driver behavior. The goal is to realize next-generation services that enable mobility operators and insurance companies to accelerate accident response and dramatically improve operational efficiency.

The companies are exploring the enhancement of MOTER’s insurance-related services, including its risk analysis platform, by leveraging NEC’s world-leading facial recognition technology, which boasts the highest authentication accuracy in the world, along with NEC’s vital sign estimation technology.

"We are delighted to have concluded this capital alliance with MOTER. Under our key message, 'Orchestrating a brighter world,' NEC is globally promoting diverse co-creation with startups. We are confident that by combining MOTER's strengths in risk analysis and insurance service development with NEC's AI, video analytics, biometric authentication, and LLM technologies, we can together address various social issues surrounding the mobility industry. Through this alliance, NEC will co-create 'a future mobility society where everyone can move securely and safely' using cutting-edge digital technology."

"It is a great honor to enter into a capital alliance with the NEC Group, which possesses world-class innovative digital technologies in a wide range of fields, including AI and facial recognition. Through this partnership, MOTER will leverage the NEC Group's advanced technologies to their fullest extent and co-create next-generation insurance products and services, thereby contributing to the realization of a safe and secure mobility society."

Source: NEC and MOTER Technologies media announcement