Vingroup’s Green SM Partners with Urban Vault for Pan-India Expansion; Opens 16,000 Sq. Ft. Gurugram Hub
Bengaluru, June 10, 2026: Urban Vault, a managed and flexible workspace provider in India, has announced a strategic partnership with Green SM, the electric ride-hailing service backed by Vietnam’s Vingroup. According to a press release, the collaboration aims to establish and scale Green SM’s managed office spaces across India as the electric taxi operator launches its nationwide operations.
As the first major milestone of this association, Urban Vault has delivered Green SM’s inaugural Indian office—a 16,000 square foot managed workspace located at Paras Twin Towers on Golf Course Road, Sector 54, Gurugram. This facility will serve as the primary operational hub for Green SM following the official launch of its app-based, all-electric taxi service in the Delhi-NCR market on June 5, 2026. The green mobility company plans to gradually expand its EV ecosystem to other major Indian cities, directly competing with established ride-hailing players.
To support this rapid rollout, Urban Vault is providing workspace infrastructure across both Bengaluru and Gurugram. The managed office provider currently supplies approximately 500 seats to Green SM across multiple locations, with plans to double that capacity to nearly 1,000 seats by the end of the year to match the ride-hailing company’s scaling strategy.
Speaking on the partnership, Amal Mishra, Co-Founder and CEO, Urban Vault, said:”We are delighted to partner with Green SM and support its India growth journey. The trust placed in Urban Vault by Green SM reflects our ability to deliver high-quality, scalable, and agile workspace solutions for global enterprises entering India. As Green SM expands its footprint across multiple cities, we look forward to creating workspaces that enable innovation, collaboration, and operational excellence. The opening of the Gurugram office marks the beginning of a long-term partnership with one of the world’s most exciting green mobility companies.”
Commenting on the association, Bach Tuan Anh, CEO, Green SM India said:”India is a strategic market for Green SM, and as we build our presence across the country, having a reliable workspace partner is essential. Urban Vault’s ability to provide fully managed, flexible, and scalable office solutions across key cities aligns perfectly with our expansion plans. We are pleased to partner with Urban Vault as we establish our operational base and drive the adoption of sustainable mobility solutions in India.
“The alliance underscores a rising trend of multinational corporations, high-growth startups, and global capability centers turning to managed, flexible workspaces for speed, efficiency, and scalability when entering the Indian market.
With this latest partnership, Urban Vault continues to anchor its position in the commercial real estate sector. The company has grown its national portfolio to over 2.80 million square feet, managing more than 70,000 seats across 80+ locations in Bengaluru, Pune, Gurugram, and other primary markets. Urban Vault expects a turnover of over ₹212 crore for FY2025-26, representing a year-on-year growth of over 70% and a 15% profit after tax (PAT).
