Moovby appoints Syed Zainal Abidin as non-executive chairman

Moovby has appointed former Petronas Dagangan’s non-executive director, Syed Zainal Abidin Syed Mohamed Tahir as its non-executive chairman.

Syed Zainal Abidin

“While my work has spanned within the automotive industry, entrepreneurship has been a longtime interest of mine,” said Syed Zainal Abidin.

The chairmanship appointment with Moovby marks another automotive company added to Syed Zainal Abidin portfolio.

“There are several local businesses breaking the mold and Moovby is one of them. Its disruption of the sharing economy by pioneering P2P car-sharing in Malaysia showcases innovation and readiness to provide solutions. I firmly believe in its vision to tackle urban mobility and considering that Nik [Muhammad Amin] is a success story of the local startup ecosystem, I have faith in what Moovby will achieve under their present management team,” he added.

Founder and chief executive officer, Nik Muhammad Amin Nik Muhammad Kamal stated that the latest addition is a welcome addition to the startup.

In 2019, the company established its presence in the Indonesian cities of Jakarta, Bandung and Bali with 3,000 cars.

Since then, its operations have grown to reach Depok, Bogor, Tangerang, Bekasi, Semarang and Surabaya. Now with a fleet of 20,000 vehicles, the company has its eyes set on reaching Yogyakarta, Kalimantan, Sulawesi and Lombok.

While the pandemic has impacted the startup’s plans to expand, Muhammad Amin pointed out that Moovby is regaining momentum in Indonesia.

“While we have other Southeast Asian markets in mind to expand to, we’re currently focusing on Indonesia as we want to increase our existing community. Covid-19 may have been a temporary disruption in our timeline, but now we can resume bringing Moovby to new locations and new heights,” he said

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