Yinson, and SMRT Ventures co-invest in MooVita

Yinson Group executive vice-president of new ventures and technology Eirik Barclay (pic) said the investment was in line with YGT’s ambitions of accelerating the global transition to a low carbon economy through green technology investments.

PETALING JAYA: Yinson Holdings Bhd has entered into an agreement with SMRT Ventures to co-invest in MooVita Pte Ltd, an autonomous vehicle tech startup.

Being the lead investor, this marked Yinson’s first foray into mobility, one of the three segments alongside marine and energy that it is actively earmarking under its newly established Yinson Green Technologies Division (YGT).

The group said in a statement that the co-investment aimed to accelerate the development, commercialisation and international expansion of MooVita’s driverless solutions, beginning with the deployment of safe and comfortable driverless solutions for public transportation and the urban environment.