Green SM Indonesia has signed a five-year investment loan agreement worth USD300 million with Bank Central Asia to support its expansion and operational stability in Indonesia’s urban mobility market.
The financing facility will strengthen the company’s financial structure, enabling continued service delivery and growth across its existing operations. Green SM Indonesia currently operates electric taxi services in major cities, including Jakarta, Surabaya, Makassar, Bekasi, and Bali, addressing rising demand for cleaner urban transport solutions.
The agreement builds on an ongoing partnership between the two organisations since Green SM’s market entry in Jakarta in late 2024. Both parties have collaborated on initiatives to improve service accessibility and promote environmentally sustainable mobility. Bank Central Asia stated that the investment aligns with its strategy to support sectors contributing to long-term economic resilience and sustainable urban development. The loan will also help Green SM scale its all-electric fleet while maintaining service reliability and operational efficiency.