On 6 April 2021, Toyota Motor Europe announces the start of KINTO Europe GmbH, a limited liability company with headquarters in Cologne, Germany – previously operating under the name of ‘Toyota Fleet Mobility GmbH’.
In addition to hosting Full Service Lease activities, KINTO Europe GmbH will also accommodate other KINTO-branded mobility services developed by Toyota such as car subscriptions, car sharing, car-pooling and multi-modal solutions, tailored to suit businesses, organizations, cities and private individuals.
Toyota Financial Services Corporation (TFSC), Japan, holds 51% of the company’s shares, with the remaining 49% owned by TME. Both TME and TFSC are wholly owned by Toyota Motor Corporation, based in Japan. KINTO Europe is headed by CEO Tom Fux.
As Toyota transitions from being a car manufacturer to becoming a mobility company, KINTO is leading the way to grow the company’s total European business by adding new and innovative mobility services to its core business of manufacturing and selling cars.
Toyota’s European strong retailer network will continue to play a key role in the ongoing shift from ownership to on-demand usership. Evolving into Mobility Service Providers, they will be uniquely positioned to meet customers’ mobility needs.
The roadmap includes market by market deployment of KINTO-branded services across Europe.
In order to consolidate these ambitious expansion plans and implement the appropriate levels of local mobility services, the company’s five main markets have either established their own dedicated KINTO organisations either they are in the process of registering: KINTO España S.L. (Spain), KINTO Italia SpA (Italy), KINTO Deutschland GmbH (Germany) and KINTO France SAS (France).
KINTO UK already exists since mid-last year, after the business acquired Inchcape Fleet Solutions (IFS).