Green SM Indonesia Secures $35.33M Loan from BCA to Accelerate Electric Taxi Expansion and Sustainable Mobility

Green SM Indonesia has signed a pivotal five-year investment loan agreement valued at $35.33 million (IDR 600 billion) with BCA.

This strategic financing is designed to enhance operational readiness and ensure uninterrupted service continuity for the all-electric taxi provider.

Evolution of a Key Partnership

The agreement marks a significant evolution from initial collaborations that began with Green SM's market launch in Jakarta in December 2024.

Prior to this deal, BCA and Green SM partnered on customer-focused initiatives to boost service accessibility and awareness of environmentally responsible transportation.

Operational Impact Across Major Cities

The loan will fortify Green SM's operations in key urban centers including Jakarta, Makassar, Bekasi, Surabaya, and Bali.

Denny Haryanto, SVP Corporate Banking at BCA, emphasized that the partnership supports long-term business outlooks in sustainable urban transportation vital for Indonesia's development.

Deny Tjia, Managing Director of Green SM Indonesia, noted that the facility reinforces the company's disciplined model and financial stability for reliable service delivery.

Future Growth and Industry Transformation

This financing aligns with Indonesia's growing emphasis on electric vehicles to cut emissions and noise in congested cities.

It enables disciplined expansion tailored to municipal transport plans, promising broader adoption of green mobility solutions.

Overall, the deal signals a maturing alliance poised to drive innovation in Indonesia's evolving urban transport landscape.