KUALA LUMPUR, 21 October 2025 –Asia Mobiliti, Malaysia’s leading Mobility-as-a-Service (MaaS) technology firm, and Theoremus, a Bulgarian specialist in Intelligent Transport Systems (ITS), have signed a Memorandum of Understanding (MoU) to jointly explore and develop commercial opportunities in the transport sector across Asia and Eastern Europe.
The signing, held during the Ninth Selangor International Business Summit 2025 at the Kuala Lumpur Convention Centre, marks the beginning of a strategic partnership focused on leveraging data, technology, and innovation to enhance the efficiency, sustainability, and connectivity of public transport systems worldwide.
The ceremony was witnessed by Kamelinder Singh from the Investment & Industry Development Division of the Malaysia Digital Economy Corporation (MDEC), the national agency under the Ministry of Digital.
This alliance brings together Asia Mobiliti’s extensive experience in digital mobility platforms and Theoremus’ expertise in transport data and intelligent systems. Together, the two companies aim to develop new applications using intelligent analytics, predictive technologies, and open data frameworks to improve transport planning, fleet management, and overall passenger experiences across diverse urban and regional environments.
The collaboration was developed and facilitated by WIPPD, led by Managing Director Raj Mendhir, aligning with the firm’s mission to drive strategic growth and local execution for global companies expanding into Malaysia.
This partnership also marks Theoremus’ expansion from the UK and Europe into Malaysia and the broader ASEAN region, built on a shared vision of innovation, interoperability, and digital integration.
Ramachandran Muniandy, CEO and Co-founder of Asia Mobiliti, said:
“This partnership with Theoremus brings together truly complementary strengths: our experience in building digital mobility ecosystems across Southeast Asia, and their deep technical expertise in intelligent transport systems.
“By combining these capabilities, we can help cities and operators make data-driven decisions, optimise fleet performance, and deliver better passenger experiences. For Asia Mobiliti, this collaboration represents an opportunity to scale smarter mobility across continents.”
Hristo Popov, CEO of Theoremus, added:
“We see tremendous potential in this collaboration with Asia Mobiliti. Our focus has always been on developing interoperable, open systems that enable transport authorities and operators to innovate with greater flexibility.
“Working with Asia Mobiliti allows us to bring these principles to fast-growing ASEAN markets, where technology adoption is accelerating and demand for sustainable, intelligent mobility is rising. Together, we are building a bridge between Europe’s transport technologies and Asia’s dynamic urban ecosystems.”
This MoU reflects both companies’ shared commitment to shaping the next generation of transport systems, ones that prioritise accessibility, sustainability, and the seamless integration of people and data. The partnership underscores Asia Mobiliti’s mission to drive regional innovation and foster global collaboration in support of smarter, more connected cities.
