Our Partner, Mehdi Jaouadi, was recently featured in Reuters, where he shared his perspective on GSM’s planned expansion into the US and Europe ahead of a targeted Hong Kong IPO.
The article discusses Green and Smart Mobility, or GSM, a VinFast-linked electric taxi operator planning to enter the US, Sweden, and the Netherlands by the end of 2026. It also looks at GSM’s company-owned fleet model and the capital demands that may come with expanding across multiple markets.
Within this context, Mehdi describes GSM’s growth strategy as high-risk. He notes that its success will depend on whether overseas markets can generate sufficient fleet utilization, and that continuing to fund company-owned fleets could increase reliance on external capital unless operating cash generation improves or more fleet capex is shifted to drivers and partners.
In this article, Mehdi covers several key topics:
Why GSM’s overseas expansion strategy carries significant risk
How fleet utilization and funding requirements could shape the sustainability of GSM’s growth model
Read the full article here.
About Our Expert
Mehdi Jaouadi is a Partner at YCP, leading the firm’s Thailand and Vietnam offices. He has over 14 years of experience in business development and consulting across automotive, construction, manufacturing, oil & gas, FMCG, healthcare, and renewable energy sectors. His career spans Asia, Europe, and Latin America, with a focus on market expansion, growth strategy, and supporting business transformation for multinational companies.
