Green SM Indonesia and Bank Central Asia (BCA) have on Friday announced the signing of a five-year investment loan agreement with a total value of IDR 600 billion ($35.33 million), marking the formalization of a long-term financial partnership between the two parties.
The agreement marks the next phase of cooperation between Green SM Indonesia and BCA, reflecting a shared commitment to supporting sustainable, well-governed business development in Indonesia’s urban mobility sector, Green SM said in a statement.
The investment loan facility is intended to support Green SM Indonesia’s operational readiness and service continuity.
The facility provides a stable financial structure to underpin the company’s disciplined growth approach and support consistent service delivery across its existing urban operations.
The signing builds on earlier cooperation between the two parties, which began with Green SM’s market launch in Jakarta in December 2024.
Since then, BCA and Green SM Indonesia have collaborated on customer-focused programs and initiatives to improve service accessibility and raise awareness of environmentally responsible transportation solutions.
The transition from cooperation activities to a formal financing arrangement reflects the maturation of this partnership and BCA’s support in Green SM Indonesia’s operational model and governance standards.
The cooperation also reflects BCA’s broader role in supporting business sectors that are adapting to evolving urban development needs, including shifts toward more efficient and forward-looking mobility solutions.
“This agreement reflects our approach to supporting businesses with a long-term outlook. Sustainable transportation is increasingly important to Indonesia’s urban development,
“Through this cooperation, we support initiatives that align with long-term economic resilience and environmental responsibility,” said Denny Haryanto, SVP Corporate Banking BCA.
Deny Tjia, Managing Director of Green SM Indonesia, said the agreement reflects trust built through consistent cooperation and shared values.
“The investment loan agreement reflects recognition of the disciplined operating model and long-term development orientation that Green SM Indonesia has pursued since its early stages,
“The facility further strengthens the company’s financial foundation, supporting stable and consistent service delivery across the cities where it operates,” he added.
Since commencing operations, Green SM Indonesia has established a presence in several major urban centers, including Jakarta, Makassar, Bekasi, Surabaya, and Bali.
According to the the firm, these cities face increasingly complex urban mobility requirements alongside rising expectations for cleaner, more responsible transport solutions.
In the Indonesian market, Green SM said it provides all-electric taxi services that support routine urban travel while reducing emissions and noise.
The company’s operating approach emphasizes reliability, professional service standards, and scalability aligned with city-level transport planning.
Through this agreement, Green SM Indonesia and BCA reaffirm their shared view that the transition to sustainable urban mobility requires not only electric vehicle technology but also sound financial structures, responsible governance, and long-term commitment.
The investment loan agreement is a practical step to support that transition in Indonesia’s evolving mobility landscape, said the statement.
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