[REVISION HISTORY]

Founding and capital expansion of AVES EV startup

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2026-10-05 06:52 UTC → 2026-10-28 03:37 UTC · added ~~removed~~

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.

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