# Xanh SM

Green and Smart Mobility JSC (GSM; Vietnamese: Công ty Cổ phần Di chuyển Xanh và Thông minh), operating as Xanh SM (lit. 'Green SM' or 'Cyan SM', stylized all-uppercase), is a taxi and ridesharing company in Vietnam. This company operates in two main fields: electric taxis and rental of electric cars and motorcycles, with an investment scale of 10,000 cars and 100,000 motorcycles. It is the first all-electric taxi company in Vietnam.
GSM was founded with a charter capital of 3,000 billion VND, of which Phạm Nhật Vượng holds 95% of the shares. GSM is considered as the world's first green transportation rental and multi-platform taxi company. It officially started operations in Hanoi on April 14, 2023.
The primary color of GSM is cyan. The company launched operations in Laos in 2023, being its first market outside of Vietnam, followed by Indonesia in late 2024.

## History

GSM was founded by Phạm Nhật Vượng with a charter capital of 3,000 billion VND, of which Phạm Nhật Vượng holds 95% of the shares. The company officially began operations in Hanoi on April 14, 2023.
Xanh SM Taxi was established in response to Vietnam's national goal on climate change, with efforts to reduce emissions from transportation vehicles.
On April 27, 2023, Xanh SM launched in Ho Chi Minh City. On October 13, Xanh SM deployed 150 VinFast electric cars (VF 5 Plus) to Laos, becoming an international electric ride-hailing company. On November 9, Xanh SM Laos launched in Vientiane.
As of May 2024, Xanh SM has over 30,000 electric taxis, accounting for more than 40% of the total taxis operating in Vietnam.
In December 2024, the company announced that VinFast has decided to withdraw its VF 8 electric vehicles from the GSM taxi service to reinforce the model’s premium market positioning. The VF 8 fleet will be transferred to FGF, a company specializing in the sale and rental of VinFast electric cars, to offer rental services to individuals and businesses or for direct sale to interested customers. GSM’s taxi services will continue with other VinFast models, including the VF 5 and VF e34.

## Partners
### Be Group

Xanh SM directly invests in Be Group to support its partner. Additionally, through financial partners, Xanh SM will assist Be Group drivers in transitioning from gasoline-powered vehicles to electric vehicles as conveniently and easily as possible.

### Lado Taxi

Lado Taxi signed a contract to lease and purchase electric cars with Xanh SM and VinFast, aiming to expand its business operations on the morning of March 27, 2023. Lado Taxi ordered 40 VF e34 cars and signed a lease contract for 300 VF e34 cars and 200 VF 5 Plus cars from Xanh SM. The lease term is 42 months from the contract signing date, with the option to extend based on actual usage needs.

### Ahamove

Ahamove Joint Stock Company officially received 200 VinFast Feliz S electric motorcycles, which were purchased directly from VinFast to serve Ahamove's electric vehicle (EV Rental) plan in the city of Đà Nẵng. Additionally, Ahamove's owning company is also negotiating a contract to lease an additional 1,000 VinFast electric motorcycles from Xanh SM to expand its business operations.

### Én Vàng

On April 28, 2023, Én Vàng signed a contract to purchase 25 VF e34 and VF 5 Plus cars from VinFast, and also signed a memorandum of understanding to lease 125 electric cars from Xanh SM in 2023.

### Taxi Xanh Sapa

On September 22, 2023, Thanh Thủy One Member Limited Liability Company signed contracts and memorandums of understanding with Xanh SM and VinFast to purchase and lease 250 VinFast VF e34 and VF 5 Plus electric cars from VinFast and Xanh SM in 2023 and 2024. Taxi Xanh Sapa is also expected to appear on the Xanh SM application platform.

## Leadership

* CEO: Nguyễn Văn Thanh.