SynopsisGreen SM, Vietnam's electric ride-hailing service, is expanding its Indian operations. The company has partnered with Urban Vault for flexible workspaces. Green SM has leased 500 seats in Gurugram and plans to take 1,000 more in Noida and other cities. This collaboration supports Green SM's launch and growth across India, aiming to promote sustainable urban mobility.AgenciesGreen SM, the electric ride-hailing service backed by Vietnam’s Vingroup, has expanded it’s real estate presence with flexible workspace provider Urban Vault. The firm has leased 500 seats in Urban Vault’s centre in Gurugram and has planned to take 1,000 more seats in Noida and other cities as it expands its operation. “The firm plans to take 1,200-1,500 seats in the next 2-3 quarters and we are actively looking for suitable space in Noida, Mumbai, Hyderabad and Bengaluru,” said Amal Mishra, Co-Founder and CEO, Urban Vault.Urban Vault has already delivered Green SM’s first office in India—a 16,000 sq. ft. managed workspace at Paras Twin Towers on Golf Course Road, Sector 54, Gurugram. The facility will serve as a key operational hub for Green SM as it launches its app-based all-electric taxi service in the country.Green SM officially commenced operations in India on June 5, 2026, with Delhi-NCR as its first market. The company plans to gradually expand to other major cities across the country, taking on established ride-hailing players while promoting sustainable urban mobility through its electric vehicle ecosystem.Urban Vault has partnered with Green SM to support their growing operational requirements in Bengaluru and Gurugram. Under the new partnership, Urban Vault will provide managed office solutions for Green SM across India, supporting the company's rapid expansion plans."India is a strategic market for Green SM, and as we build our presence across the country, having a reliable workspace partner is essential. Urban Vault's ability to provide fully managed, flexible, and scalable office solutions across key cities aligns perfectly with our expansion plans,” said Bach Tuan Anh, CEO, Green SM India.The partnership highlights the growing demand among global companies for managed and flexible workspaces that offer speed, operational efficiency, and scalability while entering and expanding in India. With a strong presence across major cities, Urban Vault continues to strengthen its position as the preferred workspace partner for multinational corporations, high-growth startups, and global capability centers.Over the years, UrbanVault has expanded its national portfolio to over 2.80 million sq. ft., managing 70,000 seats across 80 locations in Bengaluru, Pune, Gurugram, and other major cities. The company recorded turnover of over Rs 212 crore in FY2025-26, 70%+ year-on-year growth, and 15% PAT.It currently operates at an annual revenue run rate (ARR) of approximately Rs 300 crore. The company expects to maintain this momentum and achieve the turnover target of ₹350 crore in FY27.Read More News on...moreless