December 30th, 2024
Transforming Urban Mobility with Electric Ride-Hailing Solutions
BluSmart, India’s leading EV ride-hailing service provider, is all set to begin operations in Mumbai starting January 1, 2025. After establishing its presence in Delhi NCR and Bengaluru, this move marks a significant expansion for the company as it ventures into one of India’s busiest metropolitan cities.
Key Highlights of BluSmart’s Mumbai Launch
1. Initial Rollout
- The service will launch in invite-only mode, allowing select participants to access rides before the full rollout to the general public.
- BluSmart promises a seamless and sustainable ride experience, continuing its commitment to zero-emission mobility.
2. Impressive Track Record
- Founded in 2019 by Anmol Jaggi and Punit K Goyal, BluSmart operates across Delhi NCR and Bengaluru, with:
- A fleet of 8,500 EVs.
- Over 21 million rides completed.
- 5,800 charging stations supporting its network.
3. Funding and Growth
- BluSmart raised ₹200 Cr in its Pre-Series B funding round in July 2024 from investors like responsAbility Investments AG, Sumant Sinha, and MS Dhoni Family Office.
- The company has secured a total funding of $180 million, with prominent investors such as BP Ventures and 100Unicorns backing its mission.
- BluSmart’s Assure program, which leases EVs to partners, crossed ₹100 Cr in book value, achieving a tenfold increase in financing scale.
4. Financial Milestones
- BluSmart reported a 102% growth in its annual run rate (ARR), surpassing ₹500 Cr in FY24.
What This Means for Urban Mobility in Mumbai
The launch of BluSmart in Mumbai signals a new chapter in the city’s transportation landscape, offering a sustainable and tech-driven alternative to conventional ride-hailing services. By leveraging its EV fleet and charging infrastructure, BluSmart is set to redefine urban mobility while contributing to India’s decarbonization goals.
