SMRT Road Holdings Group has signed a memorandum of understanding (MoU) with Japan-based Marubeni Corporation to establish an electric mobility-as-a-service (e-MaaS) business in the ASEAN region.

Under the terms of the MoU, Marubeni and Strides will jointly establish an electric vehicle (EV) fleet management and e-MaaS business to boost the uptake of sustainable mobility in the region. The company will provide digital EV leasing to customers as well as on-demand transportation and autonomous vehicles (AV).