Raman Sharma’s Post

BluSmart, a pioneering electric mobility startup based in Delhi NCR, has achieved a significant milestone in its journey by surpassing an annual run rate (ARR) of INR 500 Cr ($60 Mn) in the fiscal year 2024. This remarkable feat represents a staggering growth of 102% compared to the previous year, underscoring the company's rapid ascent in the electric vehicle (EV) ride-hailing sector. Established in 2019 by Anmol Singh Jaggi and Punit K Goyal, BluSmart has emerged as a trailblazer in the realm of sustainable transportation. Its commitment to eco-friendly practices and innovative offerings has propelled its gross business value (GBV) to unprecedented levels, registering an impressive compound annual growth rate (CAGR) of 300% over the past three years. Central to BluSmart's success is its unwavering focus on customer satisfaction, reflected in its stellar 4.9/5 star rating. By prioritizing reliability and convenience, the startup has differentiated itself through industry-first initiatives such as zero cancellations, punctual arrivals, and emission-free cab services. This customer-centric approach has not only fostered loyalty but also contributed significantly to BluSmart's exponential growth trajectory. Operating in key metropolitan areas including Delhi NCR and Bengaluru, BluSmart has expanded its footprint to cater to the increasing demand for sustainable transportation solutions. Beyond offering EV ride-hailing services, the company has also invested in developing robust charging infrastructure to support its growing fleet of electric vehicles. This holistic approach underscores BluSmart's commitment to fostering a greener, more sustainable future for urban mobility in India. In addition to its financial milestones, BluSmart has been instrumental in driving awareness and adoption of electric vehicles across the country. By showcasing the viability and benefits of EVs in the ride-hailing industry, the startup has played a pivotal role in reshaping perceptions and encouraging widespread adoption of clean transportation alternatives. #BluSmartAchievement #SustainableTransportation #CustomerFirst #EcoFriendlyRideHailing #ElectricMobility #GreenCommute #UrbanSustainability #InnovationInMobility #FutureOfTransportation #CleanerGreenerTomorrow

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

BluSmart, led by Anmol Jaggi and Punit K Goyal, is revolutionizing urban mobility in India with its all-electric ride-hailing service. Partnering with TATA Power to become a zero-emissions company, they've raised $25 million from responsAbility Investments AG to expand their charging network. BluSmart aims to expand its fleet of 6,000 electric vehicles to 10,000, focusing on electric SUVs and sedans aligning with India's goal to electrify 30% of four-wheelers by 2030. BluSmart is not just driving India towards a greener future but is setting a global benchmark in sustainable transportation. https://lnkd.in/gwMgvcSg #BluSmart #GreenTransport #ridehailing #electricvehicle #startup #Newzchain

With it's latest $24 million Pre-series B funding raise, this is how BluSmart is Leading the Charge in Sustainable Urban Mobility in India and beyond! 🚀 🚙 BluSmart, India's pioneering electric ride-hailing startup founded in 2019 by Anmol Jaggi, Punit K Goyal, Puneet Jaggi, is on a mission to revolutionize urban transportation with a 100% electric fleet. BluSmart's vision is to transform urban India into a hub of sustainable, efficient, and intelligent mobility solutions. It is committed to providing a zero-emission ride-hailing service that is safe, reliable, and affordable. Recent Milestones: 🌍 International Expansion: Recently, BluSmart launched its first international operations in Dubai under the #RideSmartDubai campaign. The premium fleet of Audi e-tron vehicles is set to offer luxurious and eco-friendly rides to customers in the UAE. This marks a significant step in our journey to bring sustainable mobility solutions to a global audience. 💰 Pre-Series B Funding: BluSmart has raised $24 million in a pre-Series B funding round. This round was led by responsAbility Investments AG, with participation from Sumant Sinha, MS Dhoni's family office, and existing investors. This funding will be instrumental in expanding BLSmart's EV fleet and charging infrastructure across major Indian cities. 📈 Financial Growth: BluSmart has crossed an annualized revenue run-rate (ARR) of ₹550 crore ($66 million) and posted over ₹390 crore ($47 million) in revenue for FY24. It is are on track to achieve ₹800 crore ($96 million) in revenue by FY25. While the company is focused on growth, it aims to achieve EBITDA profitability by March 2026. What Makes BluSmart Special: - Sustainability: With a fleet of over 7,500 electric vehicles, BluSmart is dedicated to reducing carbon emissions and promoting clean energy. - Innovation: The platform leverages AI and machine learning to provide personalized ride experiences and optimize fleet management. - Customer-Centric: It prioritize safety and reliability, employing drivers with fixed salaries and performance-based incentives to ensure the best service for our customers. With its innovative business model, strategic partnerships, and commitment to environmental stewardship, BluSmart is redefining the ride-hailing industry, one electric vehicle at a time. #BluSmart #ElectricVehicles #Sustainability #Dubai #India #Startups #UrbanMobility *** Enjoy this? Share it with your network and follow me Vaibhav Sharma for more in future! I write about interesting businesses, entrepreneurs, and high performance. Join my inner circle here: https://lnkd.in/gZKZ_Zdb

India's leading EV ride-hailer BluSmart is accelerating its growth! BluSmart is set to raise $300M to supercharge its fleet expansion. Here are the key highlights: -$300M Fundraising Goal: Ambitious target to lead the EV ride-hailing market. -Fleet Growth: Plans to significantly increase the number of EVs. -Environmental Impact: Aims to cut urban pollution and reduce carbon footprint. Interesting Facts: -Leasing Model: BluSmart leases its fleet, minimizing upfront costs and allowing rapid scale-up. -VC Valuation Insight: Investors focus on market disruption potential and growth prospects rather than just asset ownership. Recent trends in the EV space reinforce this confidence. Zypp Electric recently raised $15M to expand its fleet of electric scooters. At the same time, Euler Motors secured an additional $24M in a Series C round to enhance its pan-India presence and service infrastructure. These investments highlight the growing faith in sustainable transportation solutions. BluSmart is driving the future of urban mobility, setting new benchmarks for green transportation. Here’s to a greener, smarter future with BluSmart leading the charge! #India #innovation #startup #EV #GreenMobility

BluSmart Mobility, launched in 2019, is India's first all-electric shared smart mobility platform, aiming to transform urban transportation with a sustainable approach. Bollywood star Deepika Padukone, invested Rs 30 crore through her family office, KA Enterprises. This innovative ride-sharing service utilises a fleet of electric vehicles, including models like the Mahindra e-Verito, Tata e-Tigor, Tata Xpres-T EV, Hyundai Kona Electric, and MG ZS Electric, to offer efficient and eco-friendly travel options in major cities such as Delhi, Mumbai, and Bangalore. Founded by Anmol Jaggi, Puneet Jaggi, and Punit K Goyal, BluSmart not only leads the electric ride-hailing sector in Delhi NCR and Bangalore. The company operates on a business-to-customer (B2C) model. This approach has propelled BluSmart to achieve impressive financial results, with annual revenues exceeding Rs 30 crore. The demand for electric vehicles in India is expected to surge, with the market projected to grow from USD 34.80 billion in 2024 to USD 110.74 billion by 2029, promising vast expansion opportunities for BluSmart. The company's growth is also evidenced by substantial investments, including a recent Rs 300 crore funding in its second round and a valuation of Rs 2,066 crore. In addition to BluSmart, Anmol Jaggi is also the CEO of another successful startup, Gensol Engineering, valued at over Rs 1,400 crore, underscoring his significant impact as an entrepreneur in India’s burgeoning green mobility and energy sectors. Read More : Thekarostartup.com #startupstory #successstories #technology #innovation #electricmobility Cloud Hosting from just ₹50: Verpex Hosting https://lnkd.in/ghXuQpJ6 65f6ea755b0de

Many of you know I've been an avid supporter of electric mobility in India for several years. One of my first investments was in Q4 2021, leading a $25m Series A investment in BluSmart - an all-electric, full stack and vertically integrated mobility platform. Today, BluSmart operates the largest EV ride-hailing fleet in South-East Asia with 7,500 EVs having covered over 500 million electric kms, delivering a 4.9/5 star customer experience after 15.2 million rides, and saving tonnes of carbon emissions. You can see the coveted "hockey stick" effect from that cash injection to help it survive the pandemic and accelerate scale up of what I believed at the time was an optimal value proposition in an emerging B2C/B2B2C market sector. India's “can-do” attitude and “will-do” determination partly fuels my belief in the potential for numerous tech-led offers that are being born at IITs and other innovation hubs across the country. Startups that survive and thrive - in India and anywhere else for that matter - are the ones, like BluSmart, that pay attention to keeping customers happy and their operations safe, to developing momentum-building and sustainable business models, to deploying capital efficiently, to building market validated customer MOATs, and to having teams that are deeply invested in their missions. I still think BluSmart has the best ride-hail business model anywhere on the planet (and I should know a thing or two about e-mobility after helping bp develop its global program before moving over to the Ventures team in late 2020). Will their growth curve continue to be as spectacular in the coming years? Who knows but the TAM, tech and talent in BluSmart all point to continued success. If you are a growth-stage investor and keen to know more about BluSmart, lets connect. If you are building in India one of these types of startups and operate in the fleet electrification, e-mobility software, bio-energy, new energy vector, and power management sectors (or a CVC/VC looking at earlier stage startups and/or these sectors), lets connect too. #blusmart #hockeystick #startup #india #venturecapital #customermoat #businessmodel #cvc #growthequity #vc #electricmobility #CleanMobility #RideHailing #ZeroEmissions #CustomerExperience #SmartMobility #BornElectric #energytransition #netzero #cleanenergy #decarbonization #greenfiance #cleantechnologies #circulareconomy #GETAwarded #GET24 #powerandgrid #digitization #greenenergy #ecosummit

A Significant Milestone Achieved: E-Mobility is Here to Stay! The world has finally embraced a game-changing technology that promises to revolutionize the way we travel, reducing our reliance on fossil fuels and mitigating climate change. E-mobility has arrived, and it's here to stay! The benefits of e-mobility are undeniable. By switching to electric vehicles (EVs), we can significantly reduce greenhouse gas emissions, decreasing our carbon footprint and contributing to a cleaner, healthier environment. With EVs, we can bid farewell to noisy, polluting vehicles and hello to a quieter, more sustainable future. Africa, in particular, is poised to become a hub for e-mobility. As an emerging market, the continent offers immense opportunities for investors seeking high returns. With a growing population and increasing urbanization, Africa's demand for transportation solutions is on the rise. E-mobility provides a cleaner, more efficient alternative to traditional fossil fuel-based transportation, aligning perfectly with the continent's development goals. Investors, take note! Africa offers a unique chance to be part of a revolutionary movement, driving growth and sustainability while reaping significant financial rewards. The e-mobility market is expected to experience exponential growth, driven by government incentives, decreasing battery costs, and increasing consumer adoption. By investing in Africa's e-mobility market, you'll not only be contributing to a cleaner environment but also tapping into a lucrative opportunity. With the right investments, we can create a comprehensive e-mobility ecosystem, encompassing manufacturing, charging infrastructure, and services. This will not only drive economic growth but also create jobs, stimulate innovation, and enhance the quality of life for millions of Africans. The time to act is now! Join the e-mobility revolution in Africa and be part of a movement that will transform the continent's transportation landscape. Together, let's create a sustainable, prosperous future for generations to come. Embrace the power of e-mobility and invest in Africa's emerging market today!

"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

📌 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