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So, you’ve heard about ride-hailing, right? Well, hold onto your hats because the game is about to change radically, and it’s all thanks to a certain Pham Nhat Vuong. He’s revolutionizing the bike ride-hailing industry with an electric vehicle (EV) service.

Now, let’s break this down:

  • The Mastermind: The man behind the magic is Pham Nhat Vuong, the mastermind of VinFast and Vingroup, who’s strapping on his helmet to lead this revolution.
  • Green SM Bike, Go Go Go!: This firm is charging ahead, with plans to expand service to five Vietnamese localities and put a whopping 60,000 electric two-wheelers on the road by the end of this year. That’s a lot of spark! Get ready, Vietnam, for an electrified ride!
  • Green Goals: Thanh Nguyen, CEO of GSM, has a vision, and it involves turning Vietnam green. The services are GSM’s contribution to propelling Vietnam towards its net-zero aim by 2050.
  • Money Talks: GSM isn’t just a start-up; it’s a heavy hitter. With a charter capital of a cool US$125.7 million, this isn’t just an ambitious dream—it’s reality in the making. And did we mention that our man Vuong owns a whopping 95% stake in this venture? Yup, he’s not messing around.

It’s a bold move for sure, but if anyone can make the electric dream a reality in Vietnam, it’s got to be Vuong. Here’s to less noise, less pollution, and a greener future, one electric ride at a time!

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