Collaboration bridges European and Asian innovation to accelerate data-driven, sustainable transport systems
KUALA LUMPUR, MALAYSIA 20 October 2025: Asia Mobiliti, Malaysia’s leading Mobility-as-a-Service (MaaS) technology company, and Theoremus, headquartered in Bulgaria, and a specialist in intelligent transport systems (ITS), have signed a Memorandum of Understanding (MoU) to jointly explore and develop opportunities in the transportation sector across Asia and Eastern Europe.
The signing, held during the 9th Selangor International Business Summit 2025 at the Kuala Lumpur Convention Centre, marks the beginning of a strategic collaboration focused on leveraging data, technology, and innovation to strengthen the efficiency, sustainability, and connectivity of public transport systems. The signing 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.
Asia Mobiliti CEO and Co-founder Ramachandran Muniandy (left) and Theoremus CEO Hristo Popov (right) mark the signing of a Memorandum of Understanding to advance smart mobility innovation across Malaysia and the ASEAN region.
The partnership brings together Asia Mobiliti’s expertise in digital mobility platforms and Theoremus’ strength in transport data and intelligent systems. Together, the two companies will explore new ways to apply intelligent analytics, predictive technologies, and open data principles to improve transport planning, fleet management, and passenger experience across diverse urban and regional contexts.
The collaboration was strategically developed and executed by WIPPD, under the leadership of Managing Director Raj Mendhir, as part of the firm’s commitment to delivering strategic growth and on-the-ground execution for global companies expanding into Malaysia. This partnership builds on Theoremus’ strategic expansion from the UK and Europe to Malaysia and the ASEAN region, leveraging a shared vision of innovation, interoperability, and digital integration.
Representatives from Asia Mobiliti, Theoremus, and strategic partners following the signing of a Memorandum of Understanding
Ramachandran Muniandy, CEO and Co-founder of Asia Mobiliti, said “This partnership with Theoremus brings together 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 is about scaling smarter mobility through collaboration that bridges continents.”
Hristo Popov, CEO at Theoremus, said “We see tremendous potential in this collaboration with Asia Mobiliti. Our focus has always been on creating interoperable, open systems that empower transport authorities and operators to innovate with flexibility. Working with Asia Mobiliti allows us to bring those principles into fast-growing ASEAN markets, where technology adoption is rapid and the appetite for smarter, sustainable mobility is strong. Together, we’re building a bridge between Europe’s transport technologies and Asia’s dynamic urban ecosystems.”
This MoU reflects both companies’ commitment to shaping the next generation of transport systems, ones that prioritise accessibility, environmental responsibility, and the seamless movement of people and data. The partnership underscores Asia Mobiliti’s ongoing mission to drive regional innovation and expand global collaboration in support of smarter, more connected cities.
About Asia Mobiliti
Founded in 2018 and based in Kuala Lumpur, Malaysia, Asia Mobiliti is an award-winning, ‘Malaysia Digital’ status company providing a Mobility-as-a-Service technology platform and digital city solutions to the developing world. A two-time Frost & Sullivan award winner in the MaaS sector for Asia Pacific, Asia Mobiliti adopts a technology platform approach with a core software-defined engine that functions as a mobility operating system for a city, capable of spawning innovative mobility solutions that enables the digitisation, aggregation and optimisation of transport networks and services in a city. The digital city solutions cluster provides innovative Internet of Things (IoT) and edge Machine Learning (ML) products that combine advanced telematics with digital twin technologies for mobility infrastructure monitoring and predictive analytics.
About Theoremus
Theoremus is a European technology company specializing in Intelligent Transport Systems (ITS), including Account-Based Ticketing, cEMV payments, Bus Data Platforms, and Mobility Data Integration. With deployments across multiple European cities, Theoremus focuses on creating modular, interoperable, and data-driven platforms for smart mobility, transport authorities, and operators worldwide.
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Collaboration bridges European and Asian innovation to accelerate data-driven, sustainable transport systems
KUALA LUMPUR, MALAYSIA 20 October 2025: Asia Mobiliti, Malaysia’s leading Mobility-as-a-Service (MaaS) technology company, and Theoremus, headquartered in Bulgaria, and a specialist in intelligent transport systems (ITS), have signed a Memorandum of Understanding (MoU) to jointly explore and develop opportunities in the transportation sector across Asia and Eastern Europe.
The signing, held during the 9th Selangor International Business Summit 2025 at the Kuala Lumpur Convention Centre, marks the beginning of a strategic collaboration focused on leveraging data, technology, and innovation to strengthen the efficiency, sustainability, and connectivity of public transport systems. The signing 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.
Asia Mobiliti CEO and Co-founder Ramachandran Muniandy (left) and Theoremus CEO Hristo Popov (right) mark the signing of a Memorandum of Understanding to advance smart mobility innovation across Malaysia and the ASEAN region.
The partnership brings together Asia Mobiliti’s expertise in digital mobility platforms and Theoremus’ strength in transport data and intelligent systems. Together, the two companies will explore new ways to apply intelligent analytics, predictive technologies, and open data principles to improve transport planning, fleet management, and passenger experience across diverse urban and regional contexts.
The collaboration was strategically developed and executed by WIPPD, under the leadership of Managing Director Raj Mendhir, as part of the firm’s commitment to delivering strategic growth and on-the-ground execution for global companies expanding into Malaysia. This partnership builds on Theoremus’ strategic expansion from the UK and Europe to Malaysia and the ASEAN region, leveraging a shared vision of innovation, interoperability, and digital integration.
Representatives from Asia Mobiliti, Theoremus, and strategic partners following the signing of a Memorandum of Understanding
Ramachandran Muniandy, CEO and Co-founder of Asia Mobiliti, said “This partnership with Theoremus brings together 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 is about scaling smarter mobility through collaboration that bridges continents.”
Hristo Popov, CEO at Theoremus, said “We see tremendous potential in this collaboration with Asia Mobiliti. Our focus has always been on creating interoperable, open systems that empower transport authorities and operators to innovate with flexibility. Working with Asia Mobiliti allows us to bring those principles into fast-growing ASEAN markets, where technology adoption is rapid and the appetite for smarter, sustainable mobility is strong. Together, we’re building a bridge between Europe’s transport technologies and Asia’s dynamic urban ecosystems.”
This MoU reflects both companies’ commitment to shaping the next generation of transport systems, ones that prioritise accessibility, environmental responsibility, and the seamless movement of people and data. The partnership underscores Asia Mobiliti’s ongoing mission to drive regional innovation and expand global collaboration in support of smarter, more connected cities.
About Asia Mobiliti
Founded in 2018 and based in Kuala Lumpur, Malaysia, Asia Mobiliti is an award-winning, ‘Malaysia Digital’ status company providing a Mobility-as-a-Service technology platform and digital city solutions to the developing world. A two-time Frost & Sullivan award winner in the MaaS sector for Asia Pacific, Asia Mobiliti adopts a technology platform approach with a core software-defined engine that functions as a mobility operating system for a city, capable of spawning innovative mobility solutions that enables the digitisation, aggregation and optimisation of transport networks and services in a city. The digital city solutions cluster provides innovative Internet of Things (IoT) and edge Machine Learning (ML) products that combine advanced telematics with digital twin technologies for mobility infrastructure monitoring and predictive analytics.
About Theoremus
Theoremus is a European technology company specializing in Intelligent Transport Systems (ITS), including Account-Based Ticketing, cEMV payments, Bus Data Platforms, and Mobility Data Integration. With deployments across multiple European cities, Theoremus focuses on creating modular, interoperable, and data-driven platforms for smart mobility, transport authorities, and operators worldwide.
For media enquiries, please contact:
