Urban Vault has partnered with Green SM, the electric ride-hailing service backed by Vietnam’s Vingroup, to provide managed office spaces across India as the company begins its India operations.

As part of the partnership, Urban Vault has delivered Green SM’s first India office, a 16,000 sq ft managed workspace at Paras Twin Towers on Golf Course Road, Sector 54, Gurugram. The facility will serve as a key operational hub for Green SM as it launches its app-based all-electric taxi service in the country.

Green SM commenced operations in India on June 5, 2026, with Delhi-NCR as its first market. The company plans to gradually expand to other major cities, competing with established ride-hailing players while promoting sustainable urban mobility through its electric vehicle ecosystem.

Urban Vault will support Green SM’s growing requirements in Bengaluru and Gurugram, and provide managed office solutions across India as the company scales its operations. It currently provides workspace infrastructure of around 500 seats for Green SM across locations. This capacity is expected to increase to nearly 1,000 seats by the end of the year.

Amal Mishra, Co-Founder and CEO, Urban Vault, said the partnership reflects the company’s ability to deliver scalable and agile workspace solutions for global enterprises entering India. He added that the Gurugram office marks the beginning of a long-term partnership with Green SM.

Bach Tuan Anh, CEO, Green SM India, said India is a strategic market for the company and that Urban Vault’s flexible and scalable office solutions align with its expansion plans.

The partnership underlines the rising demand for managed and flexible workspaces among global companies entering India, where speed, operational efficiency and scalability are key requirements.

Urban Vault has expanded its national portfolio to over 2.80 million sq ft, managing more than 70,000 seats across 80 locations in Bengaluru, Pune, Gurugram and other major cities. The company expects turnover of over Rs 212 crore in FY2025-26, with more than 70% year-on-year growth and 15% PAT.