Green SM parent infuses ₹153 Cr in India unit

By Abha Lohia · 7 October 2026

◆What happened

• The Indian unit raised ₹152.65 crore from its parent.
• It issued 15.27 crore shares at ₹10 each.
• This came through a rights issue (shares offered to an existing owner).
• An earlier ₹85 crore went in during June 2026.

✦Why it matters

• Fresh capital supports a bigger EV fleet.
• It also helps grow the ride-hailing network.
• Total parent investment in India is now about ₹238 crore.

▣The business

• Green SM is Vingroup's EV transport business.
• It started in Vietnam in April 2023.
• It operates in Laos, Indonesia, the Philippines, India and Kazakhstan.
• It entered India in June 2026 with Green SM Limo.
• The service is an all-electric taxi, starting in Delhi-NCR.

₹Who put in money

• GSM Green and Smart Mobility Joint Stock Company Parent

#In numbers

→What happens next

• Expand the EV fleet and ride-hailing network.

↺Earlier rounds

• ₹85 Cr in June 2026.
• ₹152.65 Cr rights issue.

⚔Up against

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