DIMO is the only connected car platform that can connect all of the vehicles on the planet. Now, it has joined forces with Hakuhodo KEY3 to take on the Japanese automotive market. This strategic move enables DIMO to gain entry into one of Asia’s fastest growing automotive sectors. The connected and more software defined vehicle market is about to open up! It is expected to increase from $200 billion in 2024 to more than $1 trillion by 2030, and likewise Japan’s market will see similar remarkable momentum.

Strategic Expansion into Japan

To seize even more revenue from software made for car companies, DIMO is coming to Japan to make a splash. This step addresses major challenges, such as privacy and security issues, high development costs for these companies. Japan manufactures close to 10% of the world’s vehicles, under brands from Toyota to Suzuki to Honda. We get it — these automakers have invested billions developing cutting edge connected car features, but most vehicle data is still trapped behind corporate silos. DIMO’s mission is to break down infrastructure barriers for automakers, service partners, and third-party developers.

"Japan remains an integral part of the global market, with key automakers, Tier 1 suppliers, and mobility innovators all concentrated in the country." - Ryo Hayashi, DIMO Japan CEO

With DIMO’s platform, stakeholders will be able to easily and directly approve key strategic expansions. On June 16, the platform’s community will vote to choose which projects should receive funding. Finally, they will determine whether to invest $500,000 USDT and 4 million DIMO tokens for a 33% equity stake in the Japanese entity, formalizing their commitment to the expansion.

Addressing Market Needs

Our partnership with Hakuhodo KEY3 isn’t just meant to soothe the critical talent gap plaguing the Japanese automotive industry. Japanese automakers have spent billions to develop connected car features. Much vehicle data is still guarded like the Crown Jewels behind corporate ramparts. DIMO’s platform aims to open up this data and create a more open and connected ecosystem.

"Our immediate focus is to expand the DIMO platform and allow local companies to integrate with it." - Ryo Hayashi

DIMO’s platform seeks to address these privacy issues, as well as high data development costs. DIMO’s mission is to provide a decentralized, community-driven alternative. This strategy is intended to stimulate more experimentation and cooperation in the lucrative Japanese automotive space.

Community-Driven Expansion

DIMO’s methodical but strategic expansion into Japan further highlights the value of community ownership and the need for decentralized decision-making. The community on the platform will have a huge impact on whether funding gets approved for the joint venture. They will vote on June 16. This method gives the community an unprecedented amount of power to directly influence the platform’s direction. It enables them to shape its strategic direction and initiatives.

The allocation of $500,000 USDT and 4 million DIMO tokens for a 33% equity stake demonstrates the community's commitment to supporting DIMO's growth and expansion efforts. And by empowering the community to weigh in on key decisions, DIMO is building a sense of ownership and shared success.