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SoftBank rolls out used-car subscriptions with Singapore's Carro

Joint venture brings Vision Fund-backed startup's AI-driven pricing to Japan

Carro offers subscription-based car leases in Singapore and other Southeast Asian markets. (Photo courtesy of Carro)

TOKYO -- Japanese mobile carrier SoftBank Corp. has launched a service that lets users drive preowned cars in Japan for a flat fee in collaboration with Carro, a Singapore startup backed by the SoftBank Vision Fund.

The two companies have established a joint venture, Carro Japan, in a 51%-49% split with SoftBank holding the majority. The service begins Tuesday.

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