Rentpasada introduces revenue-sharing model that replaces “boundary” in ride-hailing entry

Drivers can join for ₱5,000 upfront under VinFast–Green GSM program with EV access and per-trip earnings structure.

In the local transport scene, many drivers operate under what is known as the “boundary” system, where a vehicle is rented daily from an operator for a fixed fee, often around ₱1,000 to ₱1,200 or higher. Before anything is earned, that daily fee has to be covered, leaving take-home income highly dependent on trip volume, fuel costs, and how the day plays out on the road.

A new program called Rentpasada introduces a different setup built around electric vehicles and a platform-based earning model. Instead of paying a fixed daily “boundary” just to get behind the wheel, qualified drivers gain access to a VinFast EV and the Green GSM ride-hailing platform under a revenue-sharing structure.

Drivers take home 90% of trip earnings in the first year, and 85% in the second and third years, subject to taxes and government fees, making earnings directly tied to completed rides rather than a daily fixed payment.

Entry starts with a ₱5,000 security deposit or initial registration fee, subject to approval, after which drivers are assigned a vehicle and onboarded into the system to begin accepting bookings.

The program, developed by VinFast Philippines and Green GSM, also folds in operating support that usually eats into driver income. Free EV charging runs until March 31, 2029, while Green GSM covers selected costs such as registration, insurance, periodic maintenance, GPS installation, and TNVS-related assistance.

Ride-hailing has become a more embedded part of urban transport in the Philippines, with platform operators and fleet providers continuing to test different ways of structuring driver earnings as demand for on-demand mobility holds steady in major cities.