Green SM leases 1,050 EV parking bays in Greater Noida for ₹15.5 crore
VinFast Group’s electric-taxi operator Green SM has taken a five-year lease for 1,050 parking bays and space for five containerised charging stations in Greater Noida, strengthening its Delhi-NCR operating infrastructure.
What happened
Green SM leased 1,050 EV parking bays and charging-station space in Greater Noida for a five-year, ₹15.5 crore deal, supporting expansion of its all-electric
Key facts
- 1,050 EV parking bays
- 35,400 sq m chargeable area
- 5 containerised charging stations
- ₹15.5 crore total rental outlay
- ₹23.38 lakh monthly first-year rent
- 5% annual rent escalation
- 5-year lease
- ₹1.16 crore security deposit
- 16,000 sq ft Gurugram office
- approximately 500 workspace seats
Why this matters
Green SM’s dedicated parking-and-charging footprint strengthens its position as a potential mobility partner for corporates, airports, fleet owners and charging providers seeking EV capacity in Delhi-NCR.
What to watch
- Actual number and model mix of EVs deployed from the facility.
- Charging-station commissioning dates, installed charging capacity, and electricity connection approvals.
- Green SM app launch, fare positioning, driver incentives, and service-area coverage in Delhi-NCR.
- Corporate mobility contracts or strategic partnerships with airports, business parks, hotels, or delivery platforms.
- Monthly ride volumes, utilization rates, wait times, and reported fleet occupancy.
- VinFast India manufacturing, retail, financing, and after-sales announcements that could create operational synergies.
- Commission the five containerised charging stations and secure grid capacity, transformer approvals, and charging-network software integration.
- Begin phased EV fleet deployment, driver recruitment, and dispatch-zone planning across Noida, Greater Noida, Delhi airport, and corporate travel routes.
- Pursue enterprise, hotel, airport, residential-community, and e-commerce last-mile mobility partnerships to raise fleet utilization.
- Add maintenance, cleaning, battery-health monitoring, and fleet operations capability at or near the depot.
- Evaluate additional satellite parking and charging locations if trip demand concentrates outside Greater Noida.