AION-Tech Solutions Ltd., a publicly listed, technology-driven enterprise, has entered into a Memorandum of Understanding (MoU) with Theoremus AD, a Bulgaria-based global leader in multimodal transport orchestration, to jointly develop and deploy next-generation urban mobility solutions across India.
As part of the initial phase of the collaboration, First–Middle–Last Mile (FMLM) mobility integration pilots will be rolled out in Telangana and Karnataka. These pilots will focus on demand-responsive electric vehicle (EV) feeder services integrated with high-traffic metro rail and bus transit corridors, aimed at enhancing urban connectivity, improving fleet utilisation, and increasing service reliability.
The initiative is designed to support sustainable urban transportation, reduce congestion, and accelerate the adoption of intelligent mobility ecosystems in Indian cities.
Commenting on the partnership, Chanakya Bellam Radhakrishna, Director, AION-Tech Solutions Ltd., said, “This collaboration marks a significant milestone in our vision to build intelligent, integrated, and scalable urban mobility ecosystems in India. By combining Theoremus AD’s global expertise in multimodal orchestration with the strong on-ground execution capabilities of our subsidiaries, ETO Motors and ROQIT, we aim to strengthen first–middle–last mile connectivity while delivering measurable sustainability and operational outcomes.”
The partnership will focus on deploying a city- and state-scale multimodal transport orchestration platform that integrates metro rail, bus networks, EV fleets, parking infrastructure, and urban mobility data into a unified operational framework. Using AI- and data-driven intelligence, the platform will enable demand forecasting, EV utilisation optimisation, congestion management, and real-time operational visibility for transport authorities and operators.
During the pilot phase, EV fleets will be integrated with real-time data and analytics to optimise routing, charging operations, and service planning. Performance will be measured through key indicators including ridership growth, service coverage, fleet utilisation, and carbon reduction.
Hristo Popov, CBO Theoremus AD said, “India is one of the most dynamic and complex urban mobility markets globally. Partnering with AION-Tech Solutions enables us to localise our platform and deploy real- world pilots that showcase the impact of integrated data, AI-driven optimisation and coordinated EV operations at scale.”
AION-Tech Solutions will anchor execution in India through its subsidiaries: ETO Motors will deploy and operate EV fleets for FMLM pilots, while ROQIT will deliver digital platforms, control dashboards, and real-time operational visibility tools for cities and transport authorities. The collaboration will be governed by robust data privacy, cybersecurity, and Indian data residency frameworks to enable secure multi-operator data sharing.
Following successful pilots, the partners plan to jointly engage with transport corporations, metro rail agencies, and urban development bodies to scale the solution across additional cities and states. Initial engagement is expected with TSRTC, HMDA, and HMRL in Telangana, and BMTC, BMRCL, and DULT in Karnataka, with the objective of creating replicable models aligned with India’s Smart Cities and sustainable mobility initiatives.
Aion-Tech Solutions Ltd., formerly Goldstone Technologies Limited, is a technology-driven company established in 1994. The company specialises in full-stack data analytics and sustainable, zero-emission solution development, offering strategic services that enhance data planning, sustainability initiatives, and platform development. Leveraging decades of industry expertise, Aion-Tech delivers solutions that accelerate time-to-value and enable data-driven, long-term business growth.
Founded in 2018, Theoremus AD is an AI-driven technology company focused on advancing smart urban mobility and digital waste management to improve quality of life in congested cities worldwide. By applying real-time analytics, big data architectures and AI, Theoremus develops scalable, data-led platforms that address environmental, economic, and social urban challenges while enabling more sustainable, resilient, and people-centric city services.
