Sophia Nadur’s Post

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!

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

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

Is #Blue the new #Green? INR 200 Crore (~USD 25Million)! Its raining green on this blue #Startup! Last week we covered some of the top #EV startups in #India and promised to cover their stories. Keeping up our promise, here is one of the most exciting and revolutionary startups, not just in India but probably the world! Let's start with some personal experience. The first time we tried BluSmart was probably back in 2020, right after the #Covid19 lockdown was being lifted. It was the first time we saw transparent sheets placed between the driver and passenger seats for preventing any spread of infections. No company could highlight #care so well as #BluSmart did. #Care for the environment, #care for the passengers and #care for their drivers! Punit K Goyal, a serial #entrepreneur with a history in founding #solar energy startups, started #BluSmart in 2019, India's first all-electric smart mobility platform along with Anmol Jaggi and Puneet Jaggi. His experience in the renewable energy sector and background in #sustainability and #technology played a pivotal role in shaping the vision for the company. Starting with a fleet of 70 EVs in Delhi NCR, today the company has a growing fleet of over 7000 EVs. It boasts of an impressive array of EVs from companies like Tata Motors, MG Motors, Hyundai Motor India Ltd., Mahindra Group and most recently Citroën India. 🚙 Here's some interesting facts about BluSmart: 1️⃣ They have completed over 12.5 million all-electric trips 2️⃣ They have covered over 410 million clean kilometers 3️⃣ They have saved over 30 million kilograms of CO2 emissions 4️⃣ They have installed 4,400 EV chargers across 35 locations Here's the icing on the cake: BluSmart recently joined hands with TATA Power to power its fleet of electric cabs with #SolarEnergy! 30 MW of clean energy from Tata Power's 200 MW solar plat in #Rajasthan this year to drive their fleet. This will power their entire fleet all the way till March 2024. It is extremely rare for a company to be this #green! BluSmart plans to expand its fleet to over 10,000 in the next 2 quarters. Having crossed an ARR of 500 crore and there is no denying that this ride is unstoppable! BluSmart is #GoingBigonIndia! Share your thoughts on this mega #EV company with us and #Followus for more! Congratulations to the #BluSmart team: Punit K Goyal Anmol Jaggi Puneet Jaggi Anirudh Arun Rishabh Sood Tushar Garg Avi Katyal Rahul Jain Aastha Bhandari Bansal Ankur Surolia Saumya Rao Anjali Jain Sreejith Hrishikesh Monil Khatri Nidhi Gupta

BluSmart Mobility, a pioneering electric vehicle (EV) ride-hailing service and EV charging superhub operator, is in the process of raising Rs 200 crore (approximately $24 million) in a pre-Series B funding round. According to regulatory filings from the Registrar of Companies, the company has issued over 1 million pre-Series B preference shares at Rs 1,840 each. This funding round features participation from both existing and new external investors, including a global climate and infrastructure fund and leading family offices. While BluSmart has not disclosed all the names of the investors, the company is known to have backing from prominent entities such as BP Ventures, Survam Partners, Mayfield Fund, 9Unicorns (now 100Unicorns), JITO Angel Network, Green Frontier Capital, Stride Ventures, Alteria Capital, and BlackSoil. Co-founder Punit K Goyal noted that this round also includes contributions from BluSmart founders, current investors, and some founders of India's largest startups. He expects the round to close by the end of next month. BluSmart reported revenue of Rs 390 crore for FY24, up significantly from Rs 160 crore in FY23. The company has now surpassed Rs 500 crore in annualized revenue run rate (ARR). Earlier this year, BluSmart raised $25 million in January from Zurich-based climate finance firm ResponsAbility and secured around $66 million through two funding rounds in 2023. Since its inception in 2019 by Anmol Jaggi, Puneet Jaggi, and Punit K Goyal, BluSmart has established over 4,400 EV chargers across 36 superhubs and expanded its fleet with 7,000 electric vehicles. The company distinguishes itself from competitors like Ola, Uber, and Rapido by offering scheduled pick-ups and drops with its all-electric fleet. BluSmart is set to expand internationally, with an official launch in Dubai planned for the first week of June. The company is currently piloting operations in Dubai with about 100 Audi E-Tron SUVs and 130 drivers, and has plans to enter Abu Dhabi later this year. While BluSmart competes with major players like Uber and Ola, as well as new entrants like Rapido and Namma Yatri, its operations are currently focused in Bengaluru and the National Capital Region (NCR). #BluSmart #EV #ElectricVehicle #Mobility #RideHailing #EVCharging #Superhub #Funding #FundraiserAlert #FundingAlert #SeriesBFunding #GlobalClimate #InfrastructureFund #Startup #StartupGrowth #StartupEcosystem #AllBoutCorps

𝗕𝗹𝘂𝗦𝗺𝗮𝗿𝘁: 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗘𝗩 𝗥𝗶𝗱𝗲-𝗛𝗮𝗶𝗹𝗶𝗻𝗴 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮 𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗘𝗩 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻: BluSmart is at the forefront of India's transition to clean energy mobility. With  𝗜𝗻𝗱𝗶𝗮'𝘀 𝗳𝗶𝗿𝘀𝘁 𝗮𝗹𝗹-𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗿𝗶𝗱𝗲-𝗵𝗮𝗶𝗹𝗶𝗻𝗴 𝘀𝗲𝗿𝘃𝗶𝗰𝗲, the company has completed over 𝟭𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗿𝗶𝗱𝗲𝘀 while saving 24,000+ tons of CO2. Investors are eyeing BluSmart as a transformative player in the fast-growing EV space. 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲𝘀 & 𝗚𝗿𝗼𝘄𝘁𝗵: BluSmart's journey has seen significant milestones, including an annual revenue run rate (ARR) of ₹𝟰𝟬𝟬 𝗰𝗿𝗼𝗿𝗲, a 𝟲𝟬% 𝘆𝗲𝗮𝗿-𝗼𝗻-𝘆𝗲𝗮𝗿 𝗴𝗿𝗼𝘄𝘁𝗵, and strategic partnerships with BP Ventures, JITO Angel Network and LetsVenture. The company is on track to expand operations to more cities across India. 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝘁 𝗦𝗰𝗮𝗹𝗲: With over 𝟯𝟳𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗸𝗶𝗹𝗼𝗺𝗲𝘁𝗿𝗲𝘀 covered by its fleet of electric vehicles, BluSmart’s mission goes beyond profitability—it is a catalyst for reducing urban pollution and promoting a greener future. Investors in the EV space stand to benefit from the company’s commitment to sustainability, backed by a robust business model and a growing customer base of 1 million+. 𝗪𝗵𝘆 𝗜𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝗘𝗩? The global shift towards clean energy solutions is accelerating, and BluSmart’s market leadership in India offers a unique investment opportunity in a high-potential sector. With government policies favouring EV adoption, the EV sector is well-positioned for rapid growth in the coming years with a 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟲𝟲.𝟱% 𝗮𝗻𝗱 𝗮 𝘃𝗮𝗹𝘂𝗲 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗶𝗼𝗻 𝗼𝗳 $𝟭𝟭𝟯.𝟵𝟵 𝗕𝗻 𝗯𝘆 𝟮𝟬𝟮𝟵. Participate in the race. Invest in the EV sector of startups. Register now and find out what Creddinv’s Premium Series has to offer! Invest smartly. Invest in startups. Invest with Creddinv. 𝗙𝗼𝗹𝗹𝗼𝘄 𝗖𝗥𝗘𝗗𝗗𝗜𝗡𝗩 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝘂𝗽𝗱𝗮𝘁𝗲𝘀: https://lnkd.in/gK7e8-_Z #creddinv #startup #investor #investment #HNI #UHNI #startupinvestment #ElectricMobility #BluSmart #IPO #EVRevolution #Sustainability #CleanEnergy

"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

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

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

EVs Hittin' Hard! Delhi NCR's electric mobility trailblazer, Blusmart, Hits a milestone with an annual run rate (ARR) surpassing INR 500 Cr ($60 Mn) in FY24, Marking a staggering 102% growth from the previous year. 💥 This achievement underscores the startup's exponential rise, with a remarkable 300% CAGR in gross business value (GBV) over the past three years. ✔️ The news follows Blusmart's ambitious plans to secure $25 Mn (INR 208 Cr) funding from Switzerland-based impact investor, 🔥 responsAbility Investments AG, in a mezzanine structure. ☝️ Founded in 2019 by Jaggi and Punit K Goyal, Blusmart leads the charge in EV ride-hailing services and charging infrastructure across key Indian megacities like Delhi NCR and Bengaluru. 🚗🔋 BluSmart LinkedIn for CEOs #Blusmart #ElectricMobility #GrowthMilestone #ev #ai #news