Asia Mobiliti to represent Malaysia at global pitch competition

6 March 2023

By Wartawan Nabalu News

KUALA LUMPUR: Asia Mobility Technologies Sdn Bhd, a Malaysian mobility-as-a-service (MaaS) and Internet of Things (IoT) solutions provider, has been selected as the only Malaysian startup among the 100 worldwide finalists to compete for a share of US$1 million (RM4.48 million) at the Entrepreneurship World Cup (EWC) Global Finals.

The EWC is one of the largest and most diverse pitch competitions and support programmes for up-and-coming founders, co-hosted by the Global Entrepreneurship Network and the Small and Medium Enterprises General Authority in Saudi Arabia, Monsha’at.

The EWC has attracted more than 400,000 registrations from 200 countries and has connected founders with over US$3 million in cash prizes and another US$256 million worth of perks and free support and services since its launch in 2019.

This year, the finals will be held from 9 to 12 March at Biban 2023, the largest event for entrepreneurs and small and medium-sized enterprises in Saudi Arabia.

Ramachandran Muniandy, co-founder and CEO of Asia Mobiliti, expressed his excitement about being Malaysia's sole flag bearer in the competition, saying: "The mobility-as-a-service industry has huge potential in Southeast Asia, and being shortlisted from amongst the world’s best affords us the opportunity to showcase what we’ve been building for the world to see."

Jonathan Ortmans, President of the Global Entrepreneurship Network, praised the EWC 100 finalists, saying: "These companies and their founders have wowed us at every stage of the competition. They are on course to change lives with innovative solutions to the world’s most pressing challenges."

Meanwhile, Minister of Entrepreneur Development and Cooperative Datuk Ewon Benedick commended Asia Mobiliti for representing Malaysia on a global stage.

"Being the only Malaysian startup selected to compete in the Entrepreneurship World Cup Global Finals is a testament to the innovative spirit of Asia Mobiliti and we are proud to have them representing Malaysia on a global stage.

“We are excited to see what Asia Mobiliti will bring to the table and look forward to seeing their continued success in the future, and inspire many other Malaysians to follow its footsteps,” he said.

During the finals in Riyadh, the EWC 100 finalists will experience Saudi Arabia's emerging startup scene.

The ecosystem has seen transformational growth in recent years, reporting record highs in venture capital investments in 2020, 2021, and 2022. Startups will compete for the grand US$300,000 prize, as well as in specialised categories based on sector (including tech and space and sustainability and environment) and impact (including social impact, sustainable development goals, and women-led companies).

All 100 global finalists will receive US$100,000 in in-kind services from partners such as AWS, Freshworks, Google Cloud, Hubspot, Stripe, Zoom, and more.