VinFast Philippines and Green GSM’s Rentapasada is an innovative drive-to-earn EV rental program carefully designed to significantly lower the barrier to entry for aspiring ride-hailing drivers. By eliminating the heavy burden of vehicle ownership, the initiative offers a low-risk micro-enterprise model that empowers Filipinos to build a sustainable income stream, while providing a viable pathway to eventually owning their own vehicle.
Kickstarting a ride-hailing or TNVS business in the Philippines traditionally requires overcoming one steep challenge: a significant upfront capital outlay to purchase a vehicle. Beyond the financial burden, traditional ride-hailing and TNVS operators must also manage unpredictable maintenance costs — such as insurance compliance, routine bank documentation, and standard net worth prerequisites – which can feel especially overwhelming for first-time business owners.
While the continued demand for convenient mobility amid the bottleneck traffic of Metro Manila makes the ride-hailing sector a lucrative opportunity, volatile fuel prices continue to chip away at a driver’s earnings month after month. Securing traditional auto financing is also a barrier as it often locks willing operators out of the industry before they even get started.
Rentapasada directly addresses these pain points by allowing interested participants to earn immediately with minimal upfront cash, progressively repaying their remaining deposit and TNVS registration fees over time. By shifting to EV through VinFast, the program also protects drivers from volatile gas prices, ensuring that a much larger portion of their revenue stays safely in their pockets.
More than just an EV rental program, Rentapasada is designed to make ride-hailing entrepreneurship more accessible by lowering startup costs, reducing long term operating expenses, and providing aspiring Filipino drivers with a practical pathway to sustainable income and eventual vehicle ownership.
Here’s how RENTAPASADA provides interested Filipino entrepreneurs an easy and accessible entry point to starting a ride-hailing business:
Removing the Capital Barrier for Aspiring Partners Drivers
The entrepreneurial spirit has always run deep in the Philippines, visible through the sari-sari stores and carinderias that anchor nearly every street corner. According to the 2023 data from the Philippine Statistics Authority, micro, small, and medium enterprises (MSMEs) account for 99.63 percent of registered business establishments nationwide and generate close to 67 percent of total employment. –
Yet this entrepreneurial drive rarely translates into a ride-hailing business. Unlike a sari-sari store, where a modest starting inventory can get a business running, ride-hailing demands hundreds of thousands of pesos in down payments and repair expenses before a driver can earn a single peso.
Rentapasada was built to close that gap.
Aspiring drivers can get behind the wheel with just a PHP 5,000 registration payment, with the remaining deposit and TNVS registration fees deducted gradually from their daily earnings.
Drive-to-Earn Economics 101: Fixed Rates and High Returns
In traditional ride-hailing and TNVS operations, steep daily boundaries and operator cuts often force drivers to spend half their shift just meeting a daily quota. Rentapasada disrupts this exhausting survival loop by finally prioritizing the driver’s bottom line.
Once on the road, the program offers an attractive revenue-sharing model, with drivers keeping 90 percent of their earnings in the first year and 85 percent in the second and third years. This ensures that the majority of the profit stays exactly where it should be – to the person behind the wheel.
Furthermore, the daily overhead remains predictable and manageable. Rental fees are fixed at PHP 1,050 per day for the Herio Green and PHP 1,350 per day for the seven-seater Limo Green, with a five-year contract that can be extended by another three. Crucially, the program does not trap operators in a perpetual lease: drivers have the option to purchase their vehicle based on its residual value, creating a genuine, long-term path from renter to owner instead of a recurring lease.
Maximizing Income: Coding Exemptions and Lower Operational Costs
The accessibility works in the driver’s favor in more ways than one, specifically by maximizing earning potential.
In cities that grant EV exemptions from the number coding scheme aligned with the EVIDA law, Rentapasada drivers can potentially operate every single day of the week, turning what would typically be one lost earning day into an additional day of income.
That advantage becomes even more significant against today’s volatile fuel market. As Metro Manila gas prices have continued to surge throughout 2026, with regular gasoline averaging well above PHP 80 per liter in recent weeks, fuel price fluctuations remain a major operating cost for drivers—one that Rentapasada helps reduce.
The savings continue beyond daily operations.
For a full-time driver covering 3,500 kilometers a month, the Herio Green costs roughly PHP 5,600 in monthly charging expenses based on standard residential rates. In comparison, a gas-powered crossover running the same distance consumes 238 liters of fuel, racking up roughly PHP 15,500 per month – nearly three times as much.
Over just two years, that energy gap alone can translate to more than P237,000 in direct savings.
For larger transport requirements, the seven-seater Limo Green delivers a similar edge. Its two-year total cost of ownership stands at P1.37 million versus P1.53 million for traditional gas MPVs, yielding over P162,000 in potential savings.
Interested drivers can learn more about the Rentapasada program, eligibility requirements, and application process by visiting VinFast Philippines or Green GSM Philippines through their official channels.
VinFast takes a focused approach to addressing the needs of aspiring Filipino entrepreneurs in the transportation sector through Rentapasada. After all, every business has to start somewhere, and because of this program, taking that first step no longer requires a hefty down payment.
