EMobility Firm BluSmart Crosses Rs 500 Crore In Annual Run Rate

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EMobility ride-hailing service BluSmart has announced that it has crossed the Annual Run Rate (ARR) of Rs 500 Crore ($60 Million) achieving 102% growth over the previous year. BluSmart’s gross business value (GBV) witnessed phenomenal growth, delivering a CAGR of 300% over the last three years, and is well poised for continued growth. The growth is a testament to the deep customer love it has received with a 4.9/5 star customer rating for prioritizing reliability, safety, and sustainability with the industry-first offering of zero cancellations, on-time arrivals, and zero-emission cabs.

BluSmart’s charging network has also grown multifold and spans prime locations in Delhi NCR and Bengaluru. Earlier this year, BluSmart became the first mobility player in India to achieve 100% emissions-free status, through its efforts towards sourcing 100% green energy. BluSmart has the largest EV fleet in South Asia with over 7,300 EVs, which have covered ~460 Million clean kilometers saving 34
Million Kgs of CO2 emissions.

The company further said, “BluSmart has steadily grown its fleet size and customer base, prioritising reliability and quality of rides, and thereby prioritising customer experience. Starting with a few pin codes in Gurgaon, remaining resilient during the tough COVID-19 impacted years, BluSmart has now got a loyal customer base in Delhi NCR and even Bangalore.”

BluSmart aims to reach 10,000 EV fleets by the end of 2024. Commenting on the significant growth trajectory for the company, Anmol Singh Jaggi, Co-founder, of BluSmart, said “BluSmart’s achievement of crossing INR 500 Crore ($60 Million) in Annual Run Rate marks a pivotal moment in our journey. As we surge ahead, our commitment to building a fully integrated energy infrastructure, mobility, and technology business remains unwavering. He also added, “We are witnessing a rise in demand for sustainable mobility solutions, reinforcing the growth of a greener, more sustainable future. Fueled by this momentum, we are poised to deepen our impact by expanding our EV fleet and charging infrastructure, catering to our ever-growing customer base.”