GSM Signs Rp600 Billion Five-Year Investment Loan Agreement with BCA
RUZKA INDONESIA — Green SM Indonesia and Bank Central Asia (BCA) today announced the signing of a five-year investment loan agreement worth a total of Rp600 billion, marking the establishment of a long-term financial partnership between the two parties.
This agreement represents a continuation of the collaboration between Green SM Indonesia and BCA, while reflecting their joint commitment to supporting sustainable business development and strong governance in Indonesia’s urban mobility sector.
The investment loan facility is intended to support the operational readiness and service sustainability of Green SM Indonesia.
The facility provides a stable funding structure to support the company’s measured growth approach and ensure service consistency across the various cities where Green SM operates.
This signing continues the cooperation that has been in place since the launch of Green SM in Jakarta in December 2024. Since then, BCA and Green SM Indonesia have collaborated on various customer-focused programmes to enhance service accessibility while promoting awareness of more environmentally friendly transportation.
This financing collaboration reflects the increasingly close and mature partnership between the two parties, as well as BCA’s support for Green SM Indonesia’s operational model and governance.
This cooperation also reflects BCA’s broader role in supporting various business sectors adapting to evolving urban needs, including the shift towards more efficient and future-oriented mobility solutions.
Representing BCA, SVP Corporate Banking BCA, Denny Haryanto, said, “This agreement reflects our approach to supporting businesses with a long-term vision. Sustainable transportation is increasingly important for urban development in Indonesia. Through this collaboration, we support initiatives that align with long-term economic resilience and environmental responsibility.”
Meanwhile, Managing Director of Green SM Indonesia, Deny Tjia, stated that this agreement reflects the trust built through consistent cooperation and shared values.
“This investment loan agreement is a recognition of the disciplined operational model and long-term development orientation that Green SM Indonesia has consistently pursued since its early stages. This facility further strengthens the company’s financial foundation to support stable and consistent services in the various cities where we operate,” Deny explained in a statement received on Sunday (05/04/2026).
Since beginning operations, Green SM Indonesia has been present in several regions, including Jakarta, Makassar, Bekasi, Surabaya, and Bali. These areas face increasingly complex urban mobility needs, along with rising public expectations for cleaner and more responsible transportation solutions.
In the Indonesian market, Green SM provides a fully electric taxi service that supports daily urban mobility while helping to reduce emissions and noise.
The company’s operational approach emphasises service reliability, professional standards for drivers, and scalability aligned with city-level transportation 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 strong funding structures, responsible governance, and long-term commitment.
This investment loan agreement serves as a concrete step in supporting that transformation amid Indonesia’s evolving mobility landscape.