V-GREEN

What V-GREEN does

V-GREEN is the EV charging infrastructure arm of Vietnam's Vingroup conglomerate, operating what it claims to be Southeast Asia's largest charging network — 150,000+ active charging ports across all 63 Vietnamese provinces as of 2026. The company's three core product lines are: (1) public car charging stations with AC and DC outputs from 7kW to 150kW/300kW, including proprietary 'Link' power-resonance technology that dynamically shares up to 360kW across charging ports; (2) battery-swap cabinets for electric motorcycles in 6-PIN and 12-PIN configurations enabling roughly two-minute battery exchanges; and (3) public motorcycle charging stations for long-stay parking locations. A centralized proprietary software platform aggregates all stations for monitoring, payment processing, and revenue reconciliation, with direct integrations into the VinFast mobile app, in-vehicle navigation (MHU), and ATM/QR-code payment rails.\n\nV-GREEN serves three customer segments: individual EV owners (primarily VinFast car and motorcycle drivers), fleet operators anchored by sister company Green SM (an all-electric ride-hailing platform operating in Vietnam, Laos, Indonesia, Philippines, and India), and franchise/land-lease partners — including fuel station operators, retail chains, real-estate owners, and government utilities — who host infrastructure in exchange for revenue share or fixed rent. Revenue is generated through usage-based per-kWh charging fees (3,858 VND/kWh in Vietnam, VAT-inclusive), per-swap battery fees (9,000 VND/swap), franchise/land-lease revenue sharing, and hardware sales (AC/DC chargers from 7.4kW to 150kW). Customer concentration is structurally high because VinFast vehicles and Green SM fleets form captive anchor demand.

Name

V-GREEN

Legal name

Công ty Cổ phần Phát triển Trạm sạc Toàn cầu V-GREEN

Website

https://vgreen.net

Company type

Private

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

V-GREEN operates Vietnam's largest EV charging network, deploying 150,000+ charging ports and battery-swap cabinets across 63 provinces for VinFast vehicles and electric motorcycles. The Vingroup subsidiary is expanding across Southeast Asia and India through partnerships with fuel retailers, telcos, and government utilities.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)

akta.pro secondary industries

EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE), EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE), EV Charging Settlement, Billing & Roaming (Payments, Tariffs, Clearing) (EUAFAMAI)

Keywords

• EV charging infrastructure
• Battery swapping network
• Electric vehicle charging
• Charging station operations
• Green mobility solutions

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Operations, Marketing or Sales, Personnel

Revenue model

1. EV Charging Fees: Fees charged per kWh for EV charging at V-GREEN stations. Standard rate is 3,858 VND/kWh. Supplementary fees apply for extended parking after charging completion. This is the primary revenue stream from end-user charging services.
2. Battery Swapping Fees: Fees charged per battery swap event. Standard rate is 9,000 VND per battery per swap. Revenue generated from electric motorcycle users exchanging depleted batteries for charged ones at swapping cabinets.
3. Franchise / Land Lease Revenue Sharing: Revenue model where V-GREEN earns from operating charging stations on franchised or leased land. Partners (landlords) receive either a share of monthly revenue (for battery swap cabinets) or fixed monthly rent (for car charging stations). The franchisee model allows rapid scale-out of charging infrastructure without V-GREEN bearing full capital cost.
4. Station Equipment Sales and Software Integration: V-GREEN sells and distributes EV charging equipment (AC and DC chargers from 7.4kW to 150kW) to franchise and distribution partners, alongside software integration and ecosystem management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

V-GREEN operates Vietnam's largest EV charging network, deploying public charging stations (AC 7kW to DC 300kW) for electric cars, electric motorcycle charging stations, and battery-swapping cabinets for electric two-wheelers. The company sells and distributes charging equipment to franchise partners and offers franchise/licensed station models with revenue-sharing arrangements. Operations span Vietnam across all 63 provinces and are expanding into India, Indonesia, the Philippines, and other markets.

Product overview

V-Green is a global EV charging infrastructure company that operates three interconnected core product lines: (1) Trạm Sạc Ô Tô Điện — public electric car charging stations with outputs from AC 7kW to DC 300kW ultra-fast charging, forming a network of over 150,000 active ports across Vietnam and expanding internationally; (2) Tủ Đổi Pin Xe Máy Điện — battery-swap cabinets for electric motorcycles (available in 6-PIN and 12-PIN configurations) that allow battery exchange in approximately 2 minutes, enabling high uptime for two-wheeler EV users; and (3) Trạm Sạc Xe Máy Điện — public charging stations for electric motorcycles at long-stay parking locations. All three product lines are managed through a proprietary V-Green Charging Software Platform that aggregates partner stations, provides centralized management, automated revenue reconciliation, and payment processing. The franchised/licensed station model allows third-party investors to deploy and operate V-Green-branded infrastructure under a revenue-sharing framework, complementing the company's directly operated network.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Car Charging Stations (Trạm Sạc Ô Tô Điện) Public EV charging stations for electric cars with power outputs ranging from AC 7kW to DC 300kW ultra-fast charging. The network spans all 63 provinces in Vietnam with over 150,000 active charging ports, serving individual VinFast EV owners and fleet operators.
• Battery Swap Cabinets for Electric Motorcycles (Tủ Đổi Pin Xe Máy Điện) Battery-swapping cabinets (6-PIN and 12-PIN variants) enabling electric motorcycle users to exchange depleted batteries for fully charged ones in approximately 2 minutes. The swap fee is 9,000 VND per battery per swap. Supports VinFast MAX-series vehicles and is a key pillar of urban energy infrastructure.
• Electric Motorcycle Charging Stations (Trạm Sạc Xe Máy Điện) Public charging stations for electric motorcycles positioned at long-term parking locations. Each station includes multiple clusters of charging units, with a standard full-charge time of approximately 4 hours, operating at ≥1.2 kW per charging port.

Quantifiable outcome

• ~585,000 tonnes CO2 emissions reduced through V-GREEN charging network
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

17 partnerships are on record, tiered major, minor and core.

• EVN Hanoi (Tổng công ty Điện lực Thành phố Hà Nội)majorStrategic or Co-development Partner · 18 June 2026MoU signed 18/06/2026 to deploy 7,000-10,000 battery swapping cabinets across 126 communes/districts in Hanoi, leveraging EVN Hanoi's 16,000 existing electricity station premises. EVN Hanoi provides power supply, direct electricity purchase contracts, design consulting, construction supervision, and maintenance of electrical systems. V-GREEN invests in swapping cabinets and ensures compliance with technical and fire safety standards.
• VNPT Ninh BinhminorStrategic or Co-development Partner · 12 June 2026Partnership to expand battery swapping cabinet network in Ninh Binh province. VNPT Ninh Binh surveys and proposes suitable locations for cabinet deployment. V-GREEN handles negotiations, documentation, and installation. Builds on broader VNPT Group MoU targeting approximately 6,000 battery swap cabinets and 100 car charging stations at VNPT transaction locations nationwide.
• ChargeZonecoreChannel Partner/ Reseller/ Distributor · 28 May 2026V-GREEN partnered with Indian Charge Point Operator ChargeZone to launch a co-branded EV charging network for VinFast in India. First 15 charging stations operational, starting with a 60kW DC fast charger in Vadodara, Gujarat. Plans to add nearly 100 more stations within 6 months. This is V-GREEN's first co-branded CPO partnership in India.
• Bataan Provincial Government (Philippines)majorStrategic or Co-development Partner · 20 May 2026MoU signed to build 1,200 battery-swapping stations and 600 charging hubs across Bataan province in the Philippines. Provincial government provides permits and location support. Initiative aims to promote electric mobility with VinFast planning 30,000 stations across the Philippines. V-GREEN establishes and maintains the facilities.
• Clean Fuel (Philippines)majorChannel Partner/ Reseller/ Distributor · 19 May 2026MoU signed with Clean Fuel to develop EV charging and battery swapping infrastructure across the Philippines, targeting deployment of 600 charging stations and 1,200 battery swapping stations in Bataan province alone. Partnership aims to expand charging access in high-traffic areas across Bataan and Cavite provinces, supporting VinFast's electric scooter launch in the Philippines.
• Vikki Bank (Ngân hàng Số Vikki)minorStrategic or Co-development Partner · 1 April 2026Strategic partnership announced 01/04/2026. Vikki Bank shares suitable premises within its operations for V-GREEN to install car charging stations and battery swap cabinets. Vikki also provides financial products and services to support V-GREEN's investment and operations. V-GREEN is operating 150,000 charging ports across 34 provinces.
• Hindustan Petroleum Corporation Limited (HPCL)coreStrategic or Co-development Partner · 30 December 2025Strategic partnership to deploy EV charging stations at HPCL's fuel stations across India. HPCL brings over 24,400 retail fuel stations and 5,300+ existing EV charging points under the HP e-Charge brand. V-GREEN provides charging technology, software platform, and operational expertise. This is V-GREEN's flagship India market entry partnership, supporting VinFast's market expansion in India.
• RoadGrid IndiamajorChannel Partner/ Reseller/ Distributor · 30 December 2025Strategic partnership to accelerate deployment of fast charging infrastructure for EVs across India. RoadGrid deploys charging stations at high-visibility locations including HPCL fuel retail outlets, smart cities, and strategic sites nationwide. V-GREEN owns the infrastructure and manages software integration and ecosystem operations. RoadGrid supports site identification, local stakeholder coordination, regulatory approvals, and on-site operations and maintenance.
• IDICOmajorStrategic or Co-development Partner · 25 December 2025Strategic cooperation with 4 Vingroup green ecosystem companies (VinEnergo, VinFast, V-GREEN, Xanh SM) to 'green' industrial parks across Vietnam. V-GREEN directly invests in and deploys EV charging stations and battery swap stations for VinFast vehicles at IDICO industrial parks, supporting the broader green mobility ecosystem at industrial zones.
• Thợ Điện Máy Xanh (Điện Máy Xanh / MWG)majorImplementation/ SI/ Consulting Partner · 10 December 2025Strategic partnership signed 10/12/2025 for comprehensive operations standardization of V-GREEN's charging infrastructure in Vietnam. Điện Máy Xanh provides installation, maintenance, repair, call center operations, logistics, and sales services for charging stations and battery swapping cabinets. In 2025, V-GREEN and MWG planned to deploy 1,000 car charging stations and 1,000 battery swap cabinets nationwide, with Điện Máy Xanh handling installation and maintenance.
• Telkom Property (Indonesia)majorStrategic or Co-development Partner · 1 December 2025MoU signed in Jakarta (01/12/2025) with Telkom Property, part of Telkom Indonesia, to develop EV charging infrastructure across Indonesia. V-GREEN gains access to large parking areas at strategic locations including office buildings, vacant land, and commercial areas managed by Telkom Property for building charging stations and parking infrastructure for EV users.
• Viettel PostmajorStrategic or Co-development Partner · 28 September 2025MoU to install approximately 3,000 electric motorcycle charging stations and battery-swapping cabinets at Viettel Post locations across Vietnam. Viettel Post will deploy 2,000 Smart Box delivery cabinets at V-GREEN's charging/battery-swapping locations. Both companies plan to develop franchise models and jointly design electric motorcycles for delivery couriers. Supports V-GREEN's goal of 500,000 charging points and 150,000 battery-swapping cabinets nationwide.
• ChargePoint (Vietnam)majorChannel Partner/ Reseller/ Distributor · 31 March 2025VND 150 billion strategic cooperation agreement signed 10/05/2025, making ChargePoint the official distributor of V-GREEN's EV charging equipment across Vietnam with focus on the southern market. ChargePoint invests in deploying large-scale franchised charging stations for VinFast EV owners, equipped with amenities such as coffee shops, rest areas, and car services, at shopping malls, residential areas, and highways.
• VinFast Phan Trọng TuệmajorChannel Partner/ Reseller/ Distributor · 18 February 2025Strategic partnership with VinFast dealer Phan Trọng Tuệ to install approximately 10,000 charging ports at VinFast showrooms nationwide. Estimated annual investment of approximately 150 billion VND. Covers 12 showrooms across Vietnam from Hanoi to Can Tho.
• Fast+ (Vietnam)majorChannel Partner/ Reseller/ Distributor · 10 February 2025Initial partnership in December 2024 for 5,000 charging stations, expanded in February 2025 to add 2,000 additional DC20kW and DC30kW charging units. Fast+ operates as a franchise partner deploying and managing V-GREEN charging infrastructure.
• eTreeGo (Taiwan)majorStrategic or Co-development Partner · 22 January 2025MoU signed for development of 100,000 VinFast charging ports in Indonesia, Philippines, and Vietnam. Green energy company eTreeGo collaborates with V-GREEN on expanding EV charging network infrastructure and supporting EV adoption in Southeast Asian markets.
• Green SMcoreStrategic or Co-development PartnerGreen SM is V-GREEN's sister company (both within Vingroup ecosystem) and primary anchor customer for charging infrastructure. Green SM operates all-electric ride-hailing fleets across Vietnam, Laos, Indonesia, Philippines, and India. V-GREEN builds dedicated charging infrastructure for Green SM fleets, creating captive high-frequency demand that underpins station utilization economics.

Scale indicators9 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• ChargePoint: ChargePoint is a leading global EV charging network operator with a software-centric platform for AC and DC charging stations. V-GREEN has a distribution partnership with ChargePoint in Vietnam, and both companies operate networked charging infrastructure for public and fleet use.
• EVgo: EVgo is a US-based public fast-charging network operator for EVs, operating DC fast chargers across major US markets. V-GREEN and EVgo share a similar business model of operating public fast-charging networks, often with anchor OEM and fleet partnerships.
• Blink Charging: Blink Charging is a global EV charging equipment and network operator providing Level 2 AC and DC fast chargers, with both owned/operated and franchised models. Comparable to V-GREEN's hybrid direct/franchise approach to public charging infrastructure.
• StarCharge: StarCharge is a global EV charging equipment manufacturer and network operator, particularly strong in Asia. V-GREEN originally imported equipment from StarCharge before developing its proprietary Link technology domestically, making StarCharge both a former supplier and a direct competitor.
• Gogoro: Gogoro operates the world's largest battery-swapping network for electric two-wheelers, primarily in Taiwan with SEA expansion. V-GREEN's motorcycle battery swap cabinet business directly mirrors Gogoro's model, addressing range anxiety for electric two-wheeler users.
• Sun Mobility: Sun Mobility is an Indian battery-swapping and EV energy infrastructure provider for two- and three-wheelers. V-GREEN's India expansion (via HPCL, ChargeZone) directly competes with Sun Mobility in the Indian battery swap market, particularly for fleet and delivery use cases.

Broad incumbents

• ABB E-mobility: ABB is a global leader in EV charging hardware and DC fast-charging solutions, supplying chargers worldwide. V-GREEN competes with ABB-supplied charging networks in multiple markets and represents a broad incumbent threat to V-GREEN's market share in SEA.
• Tesla Supercharger: Tesla operates the largest proprietary fast-charging network globally and is expanding into SEA and India. As a broad incumbent, Tesla's brand, capital, and vertical integration pose a competitive threat to V-GREEN in premium charging segments.

Emerging players

• Charzer: Charzer is an Indian EV charging infrastructure startup providing smart charging solutions for fleets and commercial customers. V-GREEN's partnership with HPCL and other Indian fuel retailers competes with Charzer's emerging footprint in India's commercial EV charging market.
• Ather Energy: Ather Energy is an Indian electric two-wheeler OEM operating its own Ather Grid fast-charging network. V-GREEN's battery swap and two-wheeler charging business in India directly intersects with Ather's vertically integrated charging and vehicle ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/V-Green-61565671721791

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about V-GREEN