Owner of public transport application BusMap becomes a member of Phenikaa Phenikaa Group has just announced a strategic investment worth 1.5 million USD, equivalent to more than 34 billion VND, in BusMap Joint Stock Company – the owner of the BusMap public transport application. With the investment and patronage of Phenikaa Group on people, systems and technology, BusMap Joint Stock Company officially became a member unit of Phenikaa Group and was renamed Phenikaa Technology Joint Stock Company. MaaS (referred to as Phenikaa MaaS) BusMap is a technology startup of a group of young technicians, led by General Director Le Yen Thanh. Since 2013, the company aims to develop a free public transport application for passengers using city buses, helping people optimize their travel journey. The application is built on the core technology of digital maps, integrated with artificial intelligence, allowing users to find the shortest travel plan with the lowest cost and time. After 7 years, BusMap has more than 2 million users, made more than 50 million trips. Sharing about this investment decision, Phenikaa Group’s representative said that it is always looking for and developing young talents, sponsoring initiatives, research and development projects for new technologies, technological innovation and startups. breakthrough, positive influence, bringing practical benefits to the community. “Phenikaa MaaS will consider the BusMap application as the core technology, the foundation for developing “personalized” applications according to the needs of each user to solve a variety of problems in life and manufacturing business. From there, Phenikaa MaaS can expand transportation products and services for businesses, organizations and communities,” said a representative of Phenikaa Group about the long-term development orientation for the unit. this new member. Phenikaa is the parent company owning 81.63% of capital Vicostone – an artificial quartz stone business listed on the HNX with a market capitalization of VND 16,864 billion. In addition to Vicostone, Phenikaa is a multi-industry economic group operating in the fields of technology; industry; scientific research; education and training. Becoming a member unit of Phenikaa Group and a part of Phenikaa Ecosystem, Phenikaa MaaS aims to expand the target customer base, not only encapsulating the inner city bus transportation service industry, but also It also expands to other areas of the public transport industry such as trains, trams, waterways, etc., thereby, strongly promoting the comprehensive digital transformation in the field of smart transportation.

A special point worth mentioning here is that most of the core technologies researched, developed and owned by Phenikaa Group are implemented by Vietnamese human resources who work for the Group, including the team. a team of talented and passionate young scientists and technicians who are “recruited” from Start-up, Spin-off companies. This represents the clear strategic direction that the Group is implementing – which is to conquer the pinnacle of science and technology in parallel with the reality of the aspiration to develop the young generation and raise the level of Vietnamese intelligence. BusMap application for public transport with 2 million users in Vietnam One of the technology start-ups invested by Phenikaa Group with the goal of giving wings to the young generation and realizing the Group’s strategic steps is a strategic investment of $1.5 million in the company. Vietnamese technology start-up owns the leading free public transport application in Vietnam – BusMap. This investment decision is both a desire to contribute to the development of a talented young Vietnamese generation, while creating a resonance of strength to perfect the Phenikaa ecosystem, contributing to accelerating the construction and development of a smart city. sustainability in Vietnam and the national digital transformation process, implementing the Government’s goals, orientations and policies. With the investment and patronage of Phenikaa in terms of people, systems and technology, BusMap Joint Stock Company officially became a member unit of Phenikaa Group and was renamed Phenikaa MaaS Technology Joint Stock Company (called Phenikaa MaaS Technology Joint Stock Company (called Phenikaa MaaS Technology JSC). for short, Phenikaa MaaS); step by step restructure, expand mission, vision and business development orientation, towards becoming a leading enterprise providing solutions, products and services to strongly promote digital transformation. comprehensive in the field of smart traffic, smart city in Vietnam. No longer an ordinary investment project, the fact that Phenikaa Group “pours money” into the young Vietnamese technology start-up BusMap is how the Group is “realizing its commitment” to developing the young Vietnamese generation and promoting the transformation of young Vietnamese people. digital transformation for smart traffic, smart city, contributing to the general development of society. A young Vietnamese technology start-up, when fully sponsored and officially a member of a large corporation, will be able to quickly transform and develop, bringing BusMap core technology into smart mobility applications and Comprehensive technology solutions. Since then, opening up great opportunities for thousands of businesses operating in the transportation sector as well as local governments to quickly access comprehensive digital transformation in the field of smart traffic and smart cities in Vietnam. . At the same time, this investment of Phenikaa Group continues to inspire the young Vietnamese generation to confidently and boldly explore and conquer knowledge, because surely, when young talents demonstrate their ability, bravery and passion, they will find “strong sponsors” who are willing to sponsor and develop, unleash their creativity to create high-class products, affirm Vietnamese talent and wisdom, open doors great door to the world.