More EVs soon? Green SM Indonesia, which operates EV taxi fleets, has signed a $35.33M five-year investment loan agreement with Bank Central Asia (BCA).

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Zoom out. Green SM is currently active across Vietnam, Laos, Indonesia, and the Philippines.

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🩵 Going green

Seeing those bright cyan-colored taxis around? Green SM operates those eye-catching EV fleets that users can hail via their app. 

• Their edge. Because they operate an all-electric taxi fleet, Green SM's prices are generally lower than those of competitors like Grab and InDrive. 

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🇮🇩 Their Indonesian footprint

Green SM is the ride-hailing service arm of Vietnamese conglomerate Vingroup. 

And they’ve been working with BCA since the brand first entered Indonesia, via Jakarta, in December 2024. 

• They entered Surabaya recently and, last March, launched operations in Bali through a strategic partnership with Taksi Komotra.
• They’re also active in major urban centers like Makassar and Bekasi. 

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📄 Coming soon?

The investment loan facility will support Green SM’s operational readiness and service continuity in Indonesia.