Green SM Indonesia signs investment loan with Bank Central Asia

The investment loan facility is intended to support Green SM Indonesia’s operational readiness and service continuity. The facility provides a stable financial structure to underpin the company’s disciplined growth approach and support consistent service delivery across its existing urban operations.

The signing builds on earlier cooperation between the two parties, which began with Green SM’s market launch in Jakarta in December 2024. Since then, BCA and Green SM Indonesia have collaborated on customer-focused programmes and initiatives to improve service accessibility and raise awareness of environmentally responsible transportation solutions. The singing reflects the maturation of this partnership and BCA’s support in Green SM Indonesia’s operational model and governance standards.

The cooperation also reflects BCA’s broader role in supporting business sectors that are adapting to evolve urban development needs, including shifts towards more efficient and forward-looking mobility solutions.

Denny Haryanto, senior vice president of Corporate Banking at BCA said, “This agreement reflects our approach to supporting businesses with a long-term outlook. Sustainable transportation is increasingly important to Indonesia’s urban development. Through this cooperation, we support initiatives that align with long-term economic resilience and environmental responsibility.”

Deny Tjia, managing director of Green SM Indonesia said, "The investment loan agreement reflects recognition of the disciplined operating model and long-term development orientation that Green SM Indonesia has pursued since its early stages. The facility further strengthens the company’s financial foundation, supporting stable and consistent service delivery across the cities where it operates.”

Since commencing operations, Green SM Indonesia has established a presence in several major urban centres, including Jakarta, Makassar, Bekasi, Surabaya, and Bali. These cities face increasingly complex urban mobility requirements alongside rising expectations for cleaner, more responsible transport solutions.

In the Indonesian market, Green SM provides all-electric taxi services that support routine urban travel while reducing emissions and noise. The company’s operating approach emphasises reliability, professional service standards, and scalability aligned with city-level transport planning.

Through this agreement, Green SM Indonesia and BCA reaffirm their shared view that the transition to sustainable urban mobility requires not only electric vehicle technology but also sound financial structures, responsible governance, and long-term commitment. The investment loan agreement is a practical step to support that transition in Indonesia’s evolving mobility landscape.

Green GSM launches all electric taxi fleet in Davao The new service aims to provide sustainable transportation options in the Philippine city.

Vingroup merges GSM and Green Future On February 28, Vingroup announced the merger between Green and Smart Mobility JSC and Green Future Trading and Services JSC.

GSM and Mai Linh to enter auto repair services in Vietnam GSM and Mai Linh Group have created the joint venture MeKong Xanh SM to develop a comprehensive network of 99 auto repair workshops nationwide, offering maintenance for both petrol and electric vehicles in 2025.