Aion Tech Solutions Launches Urban Mobility Pilots with Theorems AD Partnership

Aion Tech Solutions Limited has announced a strategic partnership with Theorems AD, a Bulgaria-based technology company, through the execution of a Memorandum of Understanding (MoU). The collaboration focuses on developing advanced mobility solutions for Indian cities, leveraging artificial intelligence and technology to improve urban transportation systems.

Strategic Partnership and Pilot Implementation

The MoU establishes a comprehensive collaboration between the two companies to jointly develop, deploy, and scale multimodal mobility integration solutions across Indian cities. As an initial phase, First-Middle-Last Mile (FMLM) mobility integration pilots will be launched in Telangana and Karnataka, focusing on demand-responsive EV feeder services connected to high-traffic metro and bus corridors.

Partnership Details	Information
Partner Company	Theorems AD (Bulgaria)
Initial Pilot States	Telangana and Karnataka
Agreement Duration	12 months
Pilot Focus	First-Middle-Last Mile connectivity
Target Integration	Metro, bus networks, EV fleets

Technology Integration and AI-Driven Platform

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.

Subsidiary-Led Execution Framework

Aion Tech Solutions will anchor execution in India through its subsidiaries in a structured approach:

Execution Partners	Role
ETO Motors	Deploy and operate EV fleets for FMLM pilots
ROQIT	Deliver digital platforms and control dashboards
Data Framework	Indian data residency and cybersecurity compliance
Target Agencies	TSRTC, HMDA, HMRL, BMTC, BMRCL, DULT

Leadership Perspectives

Chanakya Bellam Radhakrishna, Director at Aion Tech Solutions Limited, stated that the collaboration marks an important step in their mission to build intelligent, integrated, and scalable mobility ecosystems for Indian cities. By combining Theorems AD's global orchestration expertise with the on-ground execution capabilities of their subsidiaries, they aim to strengthen first-middle-last mile connectivity and deliver measurable sustainability outcomes.

Hristo Popov, CBO of Theorems AD, highlighted India as one of the most dynamic and complex urban mobility markets globally. The partnership enables them to localise their platform and deploy real-world pilots that showcase the impact of integrated data, AI-driven optimisation and coordinated EV operations at scale.

Regulatory Compliance and Future Expansion

Aion Tech Solutions has disclosed this partnership under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 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, creating replicable models aligned with India's Smart Cities and sustainable mobility initiatives.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.40%	-6.17%	-9.54%	-33.75%	-25.77%	+368.86%

Aion Tech Solutions , a leading technology company, has announced the incorporation of a wholly owned subsidiary in Dubai, marking a significant step in its global expansion strategy. The new entity, GTL AION IT SOLUTIONS L.L.C, was incorporated on November 28, 2025, following approval from the Ministry of Economy and Tourism, Government of Dubai.

Key Highlights

Subsidiary Name: GTL AION IT SOLUTIONS L.L.C
Incorporation Date: November 28, 2025
Location: Dubai, United Arab Emirates
Ownership: 100% held by Aion Tech Solutions
Regulatory Approval: Obtained from the Ministry of Economy and Tourism, Government of Dubai

Strategic Move

This strategic move aligns with Aion Tech's growth plans, which were initially approved by the company's Board of Directors in their meeting on May 12, 2025. The establishment of a wholly owned subsidiary in Dubai positions Aion Tech to tap into the technology market in the United Arab Emirates and its neighboring regions.

Financial Implications

While specific investment details for the new subsidiary are yet to be disclosed, Aion Tech Solutions' recent financial performance suggests a strong foundation for this expansion:

Financial Metric	FY 2025 (in crores)	YoY Change
Total Assets	127.60	21.29%
Shareholder's Capital	95.80	42.77%
Current Assets	69.50	5.95%
Reserve & Surplus	61.30	88.62%

The company's financial growth, particularly the increase in shareholder's capital and reserves, indicates a strong financial position to support this international venture.

Future Outlook

The incorporation of GTL AION IT SOLUTIONS L.L.C is expected to enhance Aion Tech's global presence. The company has stated that further details regarding the investment in the new subsidiary will be provided in due course, maintaining transparency with its stakeholders.

As the technology landscape continues to evolve, Aion Tech's expansion into Dubai could potentially open up new opportunities for innovation and collaboration in the Middle East's growing tech ecosystem.