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Vingroup chairman Pham Nhat Vuong founds EV rental, taxi service firm

Vingroup chairman Pham Nhat Vuong founds EV rental, taxi service firm

Tuesday, March 07, 2023, 16:04 GMT+7
Vingroup chairman Pham Nhat Vuong founds EV rental, taxi service firm
A VF 8 Orange car manufactured by VinFast, an arm of Vingroup. Photo: D.H. / Tuoi Tre

Pham Nhat Vuong, chairman of Vietnam’s largest private conglomerate Vingroup, has established Green and Smart Mobility Joint Stock Company (GSM), which offers VinFast electric cars and motorbikes for rental and taxi services.

This is the first green transport service model in the world aiming to popularize the experience of electrified mobility and encourage a green lifestyle, the company said.

GSM has a charter capital of VND3 trillion (US$126.8 million), to which Vuong contributed 95 percent.

The company will offer electric car and motorbike rental services to conventional taxi and ride-hailing firms as well as their rideshare partners. 

It will also provide taxi services itself using its own electric cars. The services will be made available in Hanoi next month and spread nationwide this year.

VinFast electric motorbikes. Photo: D.H. / Tuoi Tre

VinFast electric motorbikes. Photo: D.H. / Tuoi Tre

All vehicles provided and used by GSM are produced by VinFast, including 10,000 cars and 100,000 motorbikes.

Nguyen Van Thanh, CEO of GSM, said the company aims to further improve the green and smart mobility ecosystem in Vietnam and provide more options to use electric vehicles at reasonable costs.

Customers will have opportunities to experience electric vehicles, thus accelerating the green revolution in Vietnam, Thanh added.

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Thanh Ha - D.Khoa / Tuoi Tre News

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