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[SITUATION] · [QUIET] · [BUSINESS]

4 clusters · 9 sources · 44 days · First seen · Last updated

Founding and capital expansion of AVES EV startup

Overview

Nguyen Van Thanh, the former CEO of Green SM and a 2022 Forbes ‘30 Under 30 Asia’ honoree, founded AVES Technology & Green Energy JSC on September 9, 2026. Based in Hanoi, the startup focuses on the research, development, and production of smart electric vehicles, renewable energy solutions, and IoT devices.

On October 2, 2026, approximately one month after its establishment, the company increased its charter capital by 40%, rising from 30 billion VND to 42 billion VND. Nguyen Van Thanh maintains an 85% stake, while shareholders Le Hoang Long and Trieu Tuyen Hoang hold 10% and 5%, respectively.

Following this, on October 27, 2026, the company executed a second capital boost within a single month, increasing its charter capital from 42 billion VND to 59.1 billion VND. The company also clarified its primary business scope to include the production of two-wheeled and three-wheeled electric vehicles, alongside the wholesale of automobiles, motor vehicles, and related parts.

To support its goal of launching electric two-wheeled products by the summer of 2027, AVES is expanding recruitment for its Hanoi headquarters and its R&D center in Hung Yen province. Current hiring focuses on technical and production roles, such as mechanical and electrical engineers, as well as quality control specialists. Some positions, including procurement and Project Management Office roles, require Chinese language proficiency. The company has also launched the ‘AVES Future Mobility Challenge,’ a design competition with prizes valued at 265 million VND.

Entities

Nguyen Van Thanh · Green SM · AVES Green Technology and Energy JSC · Hưng Yên · Hanoi

Timeline

  1. [BUSINESS] 2 sources
    AVES Electric Vehicle Company increases capital by 40%

    AVES Green Technology and Energy JSC has increased its charter capital by over 40% to 59.1 billion VND and expanded its focus to producing two- and three-wheeled electric vehicles.

  2. [BUSINESS] 2 sources
    AVES electric vehicle startup increases capital by 40%

    Electric vehicle startup AVES has increased its charter capital by 40% to 42 billion VND and is expanding recruitment in Hanoi and Hung Yen to prepare for a 2027 product launch.

  3. [BUSINESS] 4 sources
    Nguyen Van Thanh founds AVES electric vehicle startup

    Former Green SM CEO Nguyen Van Thanh has launched AVES, a Vietnamese startup focused on electric vehicles and clean energy, aiming for a mid-2027 product launch.

  4. [BUSINESS] 6 sources
    AVES Technology & Green Energy plans electric vehicle launch for 2027

    Vietnamese startup AVES Technology & Green Energy JSC plans to launch electric motorcycles and bicycles by summer 2027, with manufacturing and R&D facilities planned for Hung Yen.

Sources

autopro.com.vn · cafebiz.vn · cafef.vn · congnghe.vn · genk.vn · mekongasean.vn · observatorial.com · soha.vn · thoibaotaichinhvietnam.vn

This summary has been updated 2 times: see revision history