Green SM, the electric ride-hailing service backed by Vietnam's Vingroup, has established its first office in India in Gurugram. The company has taken approximately 16,000 sq ft of managed office space at Sector 54 on Golf Course Road through a sub-lease arrangement with coworking and managed workspace provider Urban Vault.
The workspace comprises around 500 seats and marks the beginning of Green SM's physical presence in the country.
Urban Vault to Support Expansion Plans
Urban Vault said it has entered into an arrangement with Green SM to provide managed office space solutions across major Indian cities as the mobility company expands its operations.
According to the company, the Gurugram facility is the first office delivered under this partnership.
Also read: E85 and E100 Fuels Explained: Everything Vehicle Owners Need to Know
Urban Vault currently operates a portfolio of more than 2.8 million sq ft, covering over 70,000 seats across 80 locations, with a presence in Bengaluru, Pune and Gurugram.
Flexible Workspace Demand Remains Strong
Speaking on the broader office market, Urban Vault Co-founder and CEO Amal Mishra said demand for managed and flexible office spaces continues to remain strong in major metropolitan markets.
He also noted that the company currently operates one centre in the Delhi-NCR region and is evaluating opportunities for additional facilities in Gurugram and Noida.
Coworking Leasing Activity Sees Growth
According to data from Colliers India, coworking operators leased 3.9 million sq ft of office space during the January-March 2026 period, representing a 77 per cent year-on-year increase. The leased space is being used to establish new centres and cater to growing demand for flexible workspaces from enterprises.
Elctrik Speaks
Green SM's decision to establish its first India office in Gurugram highlights the importance of the National Capital Region as an entry point for international mobility companies. While the office setup does not directly indicate operational scale, it reflects the initial groundwork being laid as Green SM prepares to build its presence in India's electric mobility ecosystem. The development also comes at a time when demand for managed office spaces continues to grow among companies seeking flexible expansion models.