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"Electric Dreams" are turning into revenue streams! BluSmart, the all-electric ride-hailing startup, has seen a remarkable 135% revenue growth, reaching ₹376 crore in FY24, up from ₹160 crore the previous year. What's fueling this surge? A combination of fleet expansion, strategic focus on Delhi-NCR and Bengaluru, and a strong commitment to customer experience. The company’s average fare per ride has increased, and with plans to expand into Mumbai and other markets, BluSmart is positioning itself as a strong competitor to Uber and Ola They’re also planning to introduce a premium fleet for high-end customers, tapping into a growing demand for upgraded options. Founded by Anmol Jaggi, Puneet Jaggi, and Punit K Goyal, BluSmart is now looking to raise Rs 425 crore at a $335 million valuation to fuel further growth. With 8,000 electric cabs already on the road and a vision to capture more market share, The electric revolution is here, and BluSmart is charging full speed ahead! ⚡ #BluSmart #ElectricVehicles #RevenueGrowth #SustainableTransport #StartupStory #Innovation #MarketExpansion #Founders #EVRevolution

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

Ola Electric Expands Reach with 3,200 New Stores and Unveils Limited Edition Scooter Ola Electric, one of India's leading electric vehicle (EV) startups, has announced an ambitious expansion plan to open 3,200 new stores, bringing the total number of its showrooms and service centers to 4,000. This move is aimed at driving the adoption of electric vehicles across the country, particularly in smaller towns, tehsils, and rural areas, beyond just metro and Tier I and II cities. Ola Electric’s initiative is a clear step toward making EVs more accessible to a broader section of the Indian population and encouraging the transition to sustainable mobility solutions. Expanding the EV Ecosystem Read More :- https://lnkd.in/gxjrQYGr #OlaElectric #EVRevolution #ElectricVehicles #SustainableMobility #OlaS1Pro #EVExpansion #MoveOS5 #SmartScooter #GreenTransportation #ElectricScooters #OlaS1ProSona #LimitedEdition #SmartCharging #BatteryHealth #RoadTripMode #SustainableFuture #OlaElectricStores #InnovationInEV #CleanEnergy #GoGreen #EVAdoption #ElectricMobility

Ola Cabs' Visionary Approach to Mobility, Sustainability, and Customer Experience Ola Cabs, India's leading ride-hailing company, has been transforming the way Indians move around cities with its cutting-edge technology, innovative products, and customer-centric approach. By prioritizing sustainability, safety, and customer satisfaction, Ola Cabs has set itself apart from other mobility startups that focus on hype and valuations. Ola Cabs' Commitment to Innovation Ola Cabs' commitment to innovation is evident in its recent launches, including Ola Electric, a sustainable mobility solution, and Ola Play, an in-car entertainment system. These products demonstrate the company's dedication to providing innovative solutions to the Indian mobility market. Sustainable Mobility and Environmental Impact Ola Cabs' expansion into electric vehicles is driving growth and reducing carbon emissions. By partnering with leading automakers and investing in electric vehicle infrastructure, Ola Cabs is contributing to the growth of sustainable mobility in India and addressing the growing concern of environmental pollution. AI-Driven Growth and Safety Ola Cabs' focus on AI has been significant, with the company developing context-specific models like AI-powered driver behavior analysis and personalized ride recommendations. Collaborations with large AI providers are also underway, further solidifying Ola Cabs' position as a leader in the mobility industry. Key Statistics: Over 200 million users on its platform Ola Cabs has completed over 2 billion rides to date Ola Electric has saved over 10 million kilograms of CO2 emissions Ola Cabs is investing in AI-powered safety features and real-time monitoring Awards and Recognition: Ola Cabs has been recognized as one of the most innovative companies in India by various industry reports Bhavish Aggarwal, founder of Ola Cabs, has been featured in various media outlets for his visionary approach to innovation and entrepreneurship Hashtags: #OlaCabs #Innovation #Mobility #Sustainability #CustomerExperience #AIGrowth #SafetyFirst #ElectricVehicles #EnvironmentalImpact #BusinessGrowth #SustainableGrowth #Entrepreneurship #Technology #FutureOfWork #ECell #IITBombay E-Cell, IIT Bombay

EV startup Ola Electric 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. Bhavish Aggarwal, founder and managing director of Ola Electric, said in an X post that “#SavingsWalaScooter 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. 🔗To read the in-depth article, click here: https://4-2.co/3VXC8zN #news #EV #startup #OlaElectric

Blinq Mobility is revolutionizing urban transportation with its safe, comfortable, and eco-friendly EV Pods. Designed to combine the safety of conventional cars with the affordability and efficiency of electric vehicles, Blinq is setting a new standard in sustainable urban mobility 🌍. The Blinq Journey 🏁 Founded by a team of IIT Delhi graduates with extensive experience in designing and racing Formula-style electric vehicles on an international stage 🌐, Blinq Mobility was born from a passion for innovation and a commitment to solving mobility challenges through cutting-edge technology 🔧. This expertise drives Blinq's mission to deliver a seamless, efficient, and enjoyable ride experience. Innovative Features 🚀 Effortless Battery Swaps 🔋⏱️ Blinq’s EV Pods eliminate charging delays with an innovative 2-minute battery swap system. This breakthrough design ensures minimal downtime and removes the need for battery ownership, significantly reducing vehicle costs 💰. Uncompromised Safety 🛡️ Blinq prioritizes fleet optimization and safety. With a top speed of 70 km/h for efficient city travel 🚦, the vehicles feature advanced driver alertness systems, including sleep and sobriety detection 😴🚫. Collision avoidance technology, cruise control, and 360-camera coverage further enhance safety, making every ride secure and reliable ✅. Revenue-Boosting Reliability 💼📈 Blinq’s vertically integrated powertrain, remote diagnostics, predictive maintenance, and OTA updates ensure maximum uptime for fleets 🔄. The robust design minimizes maintenance issues, maximizing revenue opportunities 💵. Unmatched Passenger Experience ✨👥 Combining sleek design with unparalleled comfort, Blinq offers a ride experience that’s affordable and luxurious 🛋️. With backseat controls for AC, infotainment, and charging 🎶❄️, passengers enjoy convenience and comfort at prices lower than traditional cabs 🚕. With its focus on technology, safety, and user satisfaction, Blinq Mobility is transforming urban commuting into a smart, sustainable, and enjoyable experience for everyone 🌟. Startup India Website link:- https://lnkd.in/gKeyk6_H #startup #startupindia #entrepreneurship #mobility #transportation #YoungFounder #StartupJourney

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

🚀 Exciting News from the EV World! 🚀 Ola Electric, a prominent player in the EV space, is gearing up to make waves in the two-wheeler electric bike market. In a recent update, CEO Bhavish Aggarwal shared a glimpse of this new venture by posting a video of himself taking a test ride of their upcoming electric motorcycle. 🏍️✨ During a press conference on the recent Ola IPO announcement in Mumbai, Aggarwal revealed that the first electric motorcycle is set to launch within the first six months of 2025. 🌟 The company is also planning to unveil more details about these models in an event scheduled for August 15. What’s particularly intriguing is that Ola Electric will utilize its own in-house developed EV batteries for these new motorcycles, promising advancements in performance and efficiency. 🔋⚡️ This move marks a significant step forward in the Indian startup ecosystem and the EV sector. It’s thrilling to witness how innovation continues to drive growth and transformation in our industry. Looking forward to seeing how Ola Electric’s new electric motorcycles shape the future of sustainable transportation. 🚴♂️🌱 #OlaElectric #ElectricBike #EV #IndianStartups #Innovation #SustainableTransportation #StartupNews #ElectricVehicles

Today, Ola CEO Bhavish Aggarwal made a big announcement on social media platforms that he is going to inaugurate a record-breaking 4000 stores on Christmas 25th December! “Ola Electric #SavingsWalaScooter will now be accessible to every city, town and tehsil!” the EV startup founder wrote. He further elaborated, “This is one of the fastest expansion of distribution network globally. With this, we will deliver affordable, accessible & sustainable mobility through our robust direct-to-consumer network and further accelerate India's EV adoption to #EndICEAge!” Following the announcement, Ola Electric’s shares rose by 6.85% to Rs 93.41 on the Bombay Stock Exchange (BSE), indicating strong market confidence in the company’s growth trajectory. Ola Electric’s ambitious plan includes the addition of over 3200 outlets to its existing 800-store network, ensuring a presence in every Indian city, town, and rural area. This massive expansion will position Ola Electric as the largest EV distributor in the country. Notably, Ola Electric's ambitious plan includes the introduction of new scooter models such as the Ola Gig, Gig+, S1 Z, and S1 Z+, priced from Rs 39,999. These models are designed to cater to the diverse needs of urban, semi-urban, and rural users, with features like durable designs, removable batteries, and flexible options for users. Deliveries for these scooters are set to commence in April and May 2025, with bookings currently open for Rs 499. Moreover, Ola Electric has launched several initiatives to accelerate EV adoption, particularly in underserved regions. The HyperService Initiative ensures complete service coverage, including remote areas, while the Network Partner Program aims to onboard 10000 partners for sales and service by 2025. The EV Service Training Program plans to train one lakh mechanics nationwide, equipping them with specialized EV service skills. With plans to launch products such as motorcycles, three-wheelers, and electric scooters, Aggarwal has dubbed 2025 as the "year of products" for Ola Electric. #startuppedia #startup #ola #olascooter #olaelectric #olabike #ev

It is not a hidden fact that starting a car company is a highly capital-intensive, competitive industry. EV startups are dealing with bankruptcies, phenomenal cash burns and an uncertain path to profits. Even deep-pocketed companies in other industries that have planned forays into automotive dreams have thrown in the towel. Apple shut down its car project (2024), as did Uber (2020) and British appliance maker Dyson (2019). Huawei has been quite an exception and doing well. "Lordstown Motors and Arrival are in liquidation proceedings. Fisker is on life support. Rivian and Lucid may appear well-positioned, but their combined losses topped $2.1 billion in the first quarter." (Source: AutoNewsEurope May 2024) "Chinese EV owners are losing access to smartphone app updates and driving features when companies go bust. Chinese drivers’ frustrations point to the broader risks of 'smartphones on wheels, where reliability is contingent upon software maintenance and updates." Even though this article is focused on Chinese market, but it does highlight on an imp topic of what happens to the Car experience and serviceability after that EV startup company shuts down its operations. Unlike any Consumer App or SaaS Subscription, you can't just conveniently replace a car with a more reliable service. A lot of In-Car features are still bound to "Cloud-based" services offered by the OEM. I do leave one question for the sake of discussion: How many of the first-time EV adopters will actually take the risk and buy from one of the many EV startups active worldwide? Will you? Article ➡️ https://lnkd.in/e7Kw2Arx #EV #Startup #Automotive #ConnectedMobility