BluSmart, a leading Indian electric vehicle (EV) ride-hailing and charging company, has achieved a significant milestone by surpassing a ₹500 crore annual revenue run rate (ARR) in FY24. This marks a remarkable 102% growth compared to the previous fiscal year.
The company’s success is attributed to a surge in demand for eco-friendly transportation solutions. BluSmart’s commitment to sustainability resonates with customers seeking greener travel options.
Beyond just ride-hailing, BluSmart has established itself as a comprehensive EV ecosystem player. They boast a fleet of over 5,000 electric vehicles operating in Delhi-NCR and Bengaluru. They’ve also set up a robust charging infrastructure with over 3,900 charging points across 32 charging hubs in these key locations to ensure smooth operations.
BluSmart’s gross business value (GBV) further emphasizes this growth trajectory, experiencing a compound annual growth rate (CAGR) of 300% over the last three years.
Anmol Singh Jaggi, co-founder of BluSmart, expressed the company’s unwavering commitment to building a fully integrated electric mobility ecosystem. This vision encompasses ride-hailing, energy infrastructure, and technological advancements.
BluSmart’s achievement signifies a positive trend in India’s EV sector.
As environmental consciousness grows and the government implements policies promoting electric vehicles, companies like BluSmart are well-positioned to capitalize on this expanding market.
