# Founding of AVES electric vehicle startup

> Live situation record from CLSTR: https://clstr.news/situations/founding-of-aves-electric-vehicle-startup
> Updated: 2026-09-14T09:37:57.000Z. Sources: 9. Developments: 2.

Nguyen Van Thanh, the former CEO of Green SM, has founded AVES Technology & Green Energy JSC, a Hanoi-based startup established on September 9, 2026. With a charter capital of 30 billion VND and Thanh holding an 85% stake, the company focuses on the research, development, and production of clean energy products, including electric bicycles, motorbikes, three-wheeled vehicles, renewable energy solutions, and IoT devices.

AVES plans to launch its first electric two-wheeled products by the summer of 2027. To support this expansion, the company is recruiting for technical and logistics roles and intends to establish a manufacturing facility and an R&D Tech Lab in Hung Yen province. Additionally, the startup has launched the ‘AVES Future Mobility Challenge,’ a design competition with prizes valued at 265 million VND.

## Timeline

### 2026-09-14: 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 sources. https://clstr.news/cluster/nguyen-van-thanh-founds-aves-electric-vehicle-startup

### 2026-09-14: 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.

6 sources. https://clstr.news/cluster/aves-technology-green-energy-plans-2027-electric-vehicle-launch

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Cite as: Founding of AVES electric vehicle startup. CLSTR, https://clstr.news/situations/founding-of-aves-electric-vehicle-startup