Jakarta — Green SM Indonesia and Bank Central Asia (BCA) have signed a five-year investment loan agreement worth IDR 600 billion, formalising 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.

The investment loan facility is designed to support Green SM Indonesia’s operational readiness and service continuity. It provides a stable financial structure to underpin the company’s disciplined growth approach and ensure consistent service delivery across its existing urban operations.

The signing builds on earlier cooperation, 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 programmes and initiatives to improve service accessibility and promote environmentally responsible transportation solutions. The transition from cooperation activities to a formal financing arrangement reflects the maturation of the partnership and BCA’s endorsement of Green SM Indonesia’s operational model and governance standards.

The cooperation also highlights BCA’s broader role in supporting sectors adapting to evolving urban development needs, including the shift towards more efficient and forward-looking mobility solutions.

Representing BCA, Denny Haryanto, SVP Corporate Banking, said: “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.”

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,” Tjia said.

Since launching, Green SM Indonesia has established a presence in major urban centres including Jakarta, Makassar, Bekasi, Surabaya and Bali, where rising mobility demands intersect with growing expectations for cleaner, more responsible transport. The company provides all-electric taxi services that support routine urban travel while reducing emissions and noise, with an operational focus on reliability, professional service standards and scalable city-level integration.

Through the 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 is a practical step to support that transition in Indonesia’s evolving mobility landscape. — VNS