Vietnamese EV Taxi Service Push Sustainability Agenda with VinFast

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Vietnam – In a major development for sustainable transportation in Vietnam, Green and Smart Mobility Joint Stock Company (GSM) officially launched the GSM pure electric taxi service in Hanoi.

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The online taxi service provider, which uses VinFast as its transportation has served more than 50 million customers and expanded its reach to 36 provinces and cities.

In its first year, GSM has achieved remarkable growth, launching new services, expanding to numerous provinces and cities, and even entering its first international market.

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Through these efforts, GSM has established itself as a major player in the ride-hailing market, winning the hearts of millions of customers.

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GSM has significantly expanded its offerings in Vietnam, moving beyond the initial electric taxi service.

The company provides a comprehensive suite of electric mobility solutions, including electric motorbike transportation and delivery services, all-inclusive electric car transportation packages tailored to customer needs, and electric car rentals with or without drivers.

Its most recent innovation, the Xanh SM Platform, connects VinFast electric car owners nationwide, allowing them to offer rides and share revenue.

Through partnerships with over 30 businesses, they’ve played a key role in converting fleets and promoting the operation of electric car transportation services throughout the country.

This collaborative effort significantly strengthens GSM’s position as a leader in green transportation and promotes its widespread adoption across localities.

GSM’s fleet of high-quality VinFast electric cars has traveled over 300 million kilometers in the past year, entirely on electric power.

This has prevented an estimated 52,000 tons of CO2 emissions, equivalent to 2.6 million trees photosynthesizing throughout the year. GSM’s commitment to sustainability extends beyond its core business.

The company has also contributed nearly 30 billion VND or IDR9 billion to Vingroup’s For Green Future Foundation, supporting environmental initiatives throughout Vietnam.

By the end of Q4/2023, GSM had achieved a strong second-place position in Vietnam’s ride-hailing market, capturing an impressive 18.17 percent market share and surpassing many established brands.

Customers praise GSM for its commitment to a fully electric fleet, its high-quality drivers, and its exceptional 5-star service, setting a new standard for the industry, as quoted from SME Asia site.

Having secured a dominant position in Vietnam, GSM has embarked on a rapid international expansion. Laos became its first overseas market, demonstrating the company’s ambitious growth strategy.

With plans to be operational in 9 countries by 2025, GSM is well on its way to becoming a leading global provider of pure electric ride-hailing services.

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