Green SM Secures $35.3 Million Loan from BCA to Boost Sustainable Urban Mobility in Indonesia
JAKARTA, INDONESIA – April 3, 2026 – Green SM Indonesia and Bank Central Asia (BCA) have formalized a long-term financial partnership with the signing of a five-year investment loan agreement valued at IDR 600 billion (approximately $35.3 million USD), according to a report by Tech in Asia and a statement from Media OutReach Newswire.
Supporting Operational Readiness and Sustainable Growth
The investment loan facility is designed to support Green SM Indonesia’s operational readiness and ensure the continuity of its services. BCA’s financing will provide a stable financial structure to underpin the company’s disciplined growth approach and consistent service delivery across its existing urban operations. The agreement reflects a shared commitment to supporting sustainable, well-governed business development within Indonesia’s urban mobility sector.
Building on Existing Collaboration
This formal financing arrangement builds upon earlier cooperation between Green SM and BCA, which began with Green SM’s market launch in Jakarta in December 2024. Since then, the two companies have collaborated on customer-focused programs and initiatives aimed at improving service accessibility and raising awareness of environmentally responsible transportation solutions. As reported by EQS Newswire, the transition to a formal financing agreement demonstrates the maturation of this partnership and BCA’s confidence in Green SM Indonesia’s operational model and governance standards.
BCA’s Commitment to Sustainable Transport
Denny Haryanto, SVP Corporate Banking at BCA, stated that the agreement reflects the bank’s approach to supporting businesses with a long-term outlook. Tech in Asia reports that Haryanto also emphasized the increasing importance of sustainable transport for Indonesia’s urban development.
Green SM’s Focus on Urban Mobility
Deny Tjia, Managing Director of Green SM Indonesia, highlighted the significance of the partnership in supporting the company’s mission to provide sustainable urban mobility solutions. The loan will enable Green SM to expand its operations and contribute to more efficient and forward-looking transportation options in Indonesian cities. RiauGreen.com also reported on the signing ceremony.
This investment underscores the growing trend of financial institutions supporting environmentally responsible businesses in Indonesia, particularly those focused on addressing the challenges of urban mobility and sustainable development.
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