SM Green CEO Nguyen Van Thanh shared that when he first started his business, the team wondered "When will it reach 100,000 trips/day?", but after just a few weeks, this number quickly increased to 300,000, then 500,000 trips/day. And then, in less than two years, it reached 1 million trips/day - equivalent to over 11 trips per second, reflecting the strong growth of the Vietnamese electric taxi brand.
"For me, one of the special joys of being a startup is being counted. The feeling of watching my brainchild grow up every day with my teammates is really great," said Mr. Thanh.
With that growth momentum, Xanh SM is setting a new goal: joining the Southeast Asia Global Startup Club to achieve 100M MTUs (reaching 100 million transactions/month), equivalent to more than 3.3 million transactions per day.
SM Green CEO also answered many users' questions and calculated that most of the trips in the above 3.3 million transaction mark will come from abroad, i.e. operating markets such as Indonesia, the Philippines, Laos and some new markets about to open.
According to the latest report from Mordor Intelligence, in the second quarter of 2025, Xanh SM will account for 44.68% of the 4-wheel taxi market share in Vietnam - leading the whole industry. This is the third consecutive quarter that SM Green has held the number one position in terms of market share.
Not only leading in the number of trips, Xanh SM also has an advantage in other important indicators such as total transaction value (GMV), network coverage and service quality. The entire technology taxi market in the second quarter recorded more than 97.9 million trips with a total GMV reaching 353.41 million USD, of which SM Green contributed a large part.
According to information from Xanh SM, this company is present in 34 provinces and cities, becoming the platform calling electric vehicles with the widest coverage in Vietnam. user survey data also shows high satisfaction with Xanh SM's service. According to a survey from Q&Me at the end of 2024, 83% of customers are satisfied and 84% are willing to recommend services to others.
Not only aiming at market share goals, Xanh SM also emphasizes environmental value. As of April 2025, the company is estimated to have reduced emissions of more than 211 million kg of CO2 thanks to the use of electric vehicles, equivalent to the absorption capacity of more than 3,200 hectares of forest in a year.
