Green SM India raises Rs 152.65 crore from parent company GSM Green and Smart Mobility to expand electric ride-hailing operations.
Amount Raised
₹1.53 Billion
Round Type
Venture
Investors
Description
Vietnam-based Green SM has invested Rs 152.65 crore in its Indian subsidiary through a rights issue, bringing total investment to approximately Rs 238 crore. The parent company GSM Green and Smart Mobility was allotted 15.27 crore equity shares at Rs 10 each. The fresh capital will be used to expand the subsidiary's electric vehicle fleet and widen its ride-hailing network across India. Green SM entered the Indian market in June 2026 with Green SM Limo, an all-electric taxi service.
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