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BlackSoil-Backed BluSmart Crosses INR 500 Cr ARR In FY24, Eyes 10,000 EV Fleet By 2024-End 💰🔥 BluSmart, a Bengaluru-based electric vehicle ride-hailing startup, has reportedly achieved a significant milestone – an annual run rate (ARR) of Rs 500 crore (around $60 million) in FY24! This marks a doubling of their ARR compared to the previous fiscal year. 👉 The growth is fueled by offerings such as zero cancellations, on-time arrivals, and zero-emission cabs 👉 BluSmart's gross business value (GBV) has experienced growth, achieving a CAGR of 300% 👉 The startup aims to reach 10,000 EV fleet by the end of 2024 What This Means for BluSmart: This robust ARR opens doors for BluSmart's future endeavors: ⭐️ Fleet Expansion: The fresh revenue stream can be used to invest in expanding their fleet of electric vehicles, catering to a wider customer base. ⭐️ Market Expansion: BluSmart might consider venturing into new cities across India to capitalize on the growing demand for sustainable mobility solutions. ⭐️ Strategic Partnerships: Potential collaborations with electric vehicle manufacturers, charging infrastructure providers, and other stakeholders could further strengthen their position in the market. The Future of E-Mobility in India: BluSmart's success story paves the way for a greener future of transportation in India: 👉 Increased EV Adoption: This achievement could incentivize more users to opt for electric vehicles, contributing to a cleaner and more sustainable transportation ecosystem. 👉 Infrastructure Development: The growth of e-mobility might lead to further investments in charging infrastructure, addressing a key concern for EV adoption. 👉 Focus on Innovation: Competition in the e-mobility space is likely to drive innovation in electric vehicle technology, battery efficiency, and charging solutions. What are your thoughts on BluSmart's achievement? Share your insights and predictions in the comments below. #BluSmart #EV #Emobility #India #RideHailing #Sustainability #Growth #Transportation #FutureofMobility #startup

🚗 Exciting news from the ride-hailing industry! 🌟 BluSmart, the electric vehicle-focused ride-hailing startup, has witnessed remarkable growth, surpassing Rs 390 crore in revenue in fiscal 2024, with an annualised revenue run rate (ARR) crossing Rs 500 crore, according to cofounder Punit Goyal. In a space dominated by giants like Ola and Uber, BluSmart has carved its niche, operating in Bengaluru and the National Capital Region. Despite its smaller footprint, BluSmart's revenue growth outpaces industry leaders, reflecting the increasing demand for eco-friendly transportation options. While competition intensifies with new players like Rapido and Namma Yatri entering the market, BluSmart remains focused on expanding its presence and enhancing customer experience. With ambitious revenue targets aiming to cross Rs 800 crore in FY25, BluSmart's innovative approach, owning its fleet of cars and charging stations, sets it apart in the industry. Although profitability remains a future goal, BluSmart's commitment to sustainability and operational excellence underpins its long-term success. As the ride-hailing space evolves, BluSmart continues to innovate and drive positive change in urban mobility. Punit K Goyal #RideHailing #Sustainability #Innovation https://lnkd.in/ds_vKPU2

📌 Blusmart disruption in ola and uber business In the quick-paced ride-hailing industry, where industry titans like Uber and Ola control most of the market share, a new challenger BluSmart is disrupting the space. Anmol Jaggi and Punit K Goyal are visionary entrepreneurs who were passionate about sustainable transportation solutions. They established BluSmart in 2019. Aware of the need to solve environmental problems and lower carbon emissions in India's fast-paced cities, they began their journey to transform the transportation sector. 📌Sustainability at its Core BluSmart only runs electric vehicles (EVs), whereas Uber and Ola mostly use traditional fossil fuel-powered vehicles. By doing this, BluSmart contributes to a brighter future for urban mobility in addition to lowering carbon emissions. Despite the perception that sustainability costs more, BluSmart has affordable prices comparable to those of Ola and Uber. 📌Tata + ambani Tata Group and Mukesh Ambani-led Reliance Industries have both shown interest in investing in Blusmart 📌Expansion and Future Prospects BluSmart has had tremendous growth since its founding, serving a growing number of commuters and cities. Its scalability and market need are demonstrated by its success in large metropolitan areas such as Delhi-NCR. On September 5, 2023, BluSmart said it had surpassed an annual revenue run rate of Rs 400 crore. In the future, BluSmart hopes to establish itself as a leader in environmentally friendly transportation by growing its activities. By next year, BluSmart hopes to have 8,000 EV vehicles in their fleet. In order to meet the increasing demand, BluSmart will be strengthening their infrastructure. BluSmart also aims to create more earning opportunities for driver partners, especially increasing the number of female driver's. #entrepreneuers #startups #startupyo #business #blusmart #ola #uber #electric #sustainable #customers #growth #quality

EV ride-hailing service provider BluSmart is set to begin operations in Mumbai on January 1. In a post on X, the startup said that the initial phase will be limited to an invite-only group of users👇 “After months of dedication and hard work, we’re excited to bring this dream to life in your city,” one of the posts read. According to BluSmart, the rollout will initially allow select participants to access the service before it becomes available to the general public. Founded by Anmol Jaggi and Punit K Goyal in 2019, BluSmart provides EV ride-hailing services and charging infrastructure across Delhi NCR and Bengaluru. It claims to have 8,500 EVs in its fleet and completed 21 Mn rides to date. Its charging infrastructure includes 5,800 stations in Delhi NCR and Bengaluru. To read the in-depth article, click here: https://4-2.co/4hdQg0j #news #Blusmart #EV #startup #cabs

If You are in Delhi NCR BluSmart needs no introduction for others it’s the largest all electric cab Company in India with presence in Delhi, Bengaluru and Dubai ( Yes only Indian mobility company that reached international) I invested in BLUsmart when they had 70 cabs, Today it’s 7000+ strong fleet. What made me invest in this company at peak covid days ? Ask many The Simple answer is Founders - I attended their pitch through Inflection Point Ventures and Anmol Jaggi and Puneet Jaggi had clear vision bold plan undetttered by threat that Uber Ola may eventually become electric cab companies due to government policies The consistency in the service experience Beats their competitors no matter how many EV cabs you would have travelled from any other company Just hoping the see this electric fueled rocket 🚀 go higher and reach the IPO milestone soon #AngelInvesting #Startups #EV #Mobility #Blusmart #Ola #Uber #IPO

BluSmart's story is indeed a compelling example of strategic risk-taking and innovation. The Jaggi brothers and their co-founder Punit K Goyal understood early on that the electric vehicle (EV) market in India was ripe for disruption, not just in terms of the vehicles themselves but also in the crucial infrastructure needed to support them. 1. Identifying a Niche: By recognizing the shortcomings of existing cab services (poor ride quality) and the future potential of EVs, they created a unique value proposition with a focus on ethical, high-quality rides. 2. Strategic Entry: Initially operating under Uber’s model gave them a platform to test and refine their service while building a customer base and gaining insights into operational challenges. 3. Pitch and Resistance: Their pitch to the VC highlighted unique selling points such as zero cancellations and no surge pricing. Despite the pushback against their full-stack model, they remained focused on their vision. 4. Core Offering: Concentrating on airport transfers allowed them to emphasize reliability and convenience, which aligned well with their promises of no cancellation and no surge pricing. 5. Long-term Vision: Recognizing that the EV charging infrastructure would be crucial, they strategically expanded their charging network alongside their fleet. This positioning them to potentially dominate the charging space as the EV market grows. 6. Boldness and Risk: The Jaggi brothers’ willingness to diverge from conventional funding routes and leverage their own resources underscores their commitment and foresight. In essence, BluSmart is leveraging its cab service as a means to an end, with the end being the establishment of a robust EV charging network. This strategic positioning not only addresses an immediate market need but also places them at the forefront of a crucial infrastructure sector in India’s rapidly evolving EV landscape. #blusmart #ev #electricvehicles #ridehail #sustainabletransport #greenenergy #evcharging #cleanenergy #ethicalbusiness #startupstory #innovation #futuremobility #techstartup #transportation #smartcity #indianstartups #charginginfrastructure #ecofriendly #carbonfootprint #mobilitysolutions #entrepreneurship #disruptivetechnology #techinnovation #transportationtechnology

What if I told you a startup isn’t just challenging Ola and Uber but has become Southeast Asia’s largest EV ride-hailing company while solving ride cancellations and surge pricing? BluSmart, the EV-first ride-hailing disruptor, is taking Delhi NCR and Bengaluru by storm with a ₹550 crore annual revenue. Here's how: Unique Business Model: Company-owned fleet: 7,600 EVs. Salaried drivers: No commissions, better service. No cancellations or surge pricing: Customer-first approach. Beyond Ride-Hailing BluSmart is building an energy ecosystem with: BluSmart Fleet: Reliable rides. BluSmart Charge: 50+ EV charging hubs. BluSmart Tech: Advanced app operations. Sustainability & Safety Women-led workforce (50% female employees). Zero-emission fleet aligned with India’s 2030 EV goals. Startup Lessons Solve niche pain points: No surge, no cancellations. Build vertically: Charging infra as a competitive moat. Focus strategically: Winning in key markets first. BluSmart is rewriting the ₹58,000 crore ride-hailing playbook and could be India’s blueprint for EV-driven growth. What’s your take on this electrifying disruptor?

In just 5 years, BluSmart has surged to the forefront of India's EV revolution, competing against industry behemoths like Ola and Uber. With ₹550 crores in revenue and a mission to capture a slice of the ₹58,000 crore ride-hailing market, BluSmart is rewriting the rules and redefining urban mobility. Here’s how they’re shaking things up: -Unlike traditional players like Ola and Uber, which rely on gig workers with their own vehicles, BluSmart leases cars and hires drivers as full-time employees. -This means no SURGE PRICING , no CANCELLATIONS ...just a dependable ride experience. -They are creating the infrastructure for India’s EV future. -With 50 charging hubs and a fleet of 7,600 electric vehicles, they’re addressing the critical need for robust charging solutions. -BluSmart targeted Delhi-NCR first, where 68% of India’s mobility market is concentrated, before expanding to Bengaluru and Mumbai. -This strategic focus allowed them to refine their service and establish a strong market presence before scaling further. For those who have tried BluSmart’s EVs, how does your experience measure up against Ola and Uber? Post source: Growth X Picture credit: Airtribe #startups #electricvehicle #Ola #rival

Mumbai is now the official location of BluSmart, a well-known #EV ride-hailing firm with its headquarters in #Gurugram. One of the co-founders, Puneet Jaggi, made the announcement in a vibrant and distinctly Mumbai-style LinkedIn post. With an emphasis on sustainability, dependability, and timeliness, the premium EV service guarantees an unparalleled riding experience. In India's financial hub, BluSmart is revolutionizing urban mobility with zero surge pricing and zero ride cancellations. The service is now only accessible to a small group of users via invitation only, though, which is causing a stir among Mumbai's tech-savvy commuters. With the launch in Mumbai, BluSmart continues to grow as it aims to transform ride-hailing with its environmentally friendly fleet and customer-focused philosophy. Anmol Jaggi | Punit K Goyal | Anirudh Arun | Rishabh Sood | Vaibhav Sabhlok | Arjun Bhasin | #blusmart #blusmartev #ridehailing #evcabs #sustainable #mumbai #evinmumbai #startuphonor #evstartups #evtech #blusmartevcabs

EV startup @olaelectric has announced the opening of 3,200 new stores, expanding its existing network of showrooms and service centres to 4,000 The move is aimed at driving EV adoption beyond metro and Tier I and II cities into smaller towns and tehsils across the country. @bhavishaggarwal, founder and managing director of Ola Electric, said in an X post that "#Savings WalaScooter is now accessible to every Indian." Apart from opening new stores, the company has launched a limited edition electric scooter 'Ola S1 Pro Sona', which comes with 24-karat gold plated elements and customised MoveOS dashboard, which allows users to personalise ride modes and settings. Ola Electric further said that it has also rolled out the beta version of MoveOS 5, giving Ola riders access to features such as group navigation, live location sharing, road trip mode powered by Ola Maps, smart charging, tire pressure monitoring system (TPMS) alerts, among others. #news #EV #startup #OlaElectric #Expansion #launch #stores #Olariders #electricvehicles #startupnews #SavingsWalaScooter #BhavishAggarwal #strategy #business #businessnews #growth #marketing #India