BluSmart, India’s leading eMobility ride-hailing service and EV Charging Infrastructure network, today announced that it has crossed Annual Run Rate (ARR) of INR 500 Crore ($60 Million) achieving 102 percent growth over previous year.
BluSmart’s gross business value (GBV) delivered a CAGR of 300 percent over the last three years.
Leading with the mission statement of “Decarbonising Mobility at Scale”, BluSmart has pioneered a “born electric, full stack, vertically integrated” business model – managing and operating its EV fleet and Charging Infrastructure at scale. Pioneering the electric revolution today, BluSmart has the largest EV fleet in South Asia of over 7,300 EVs, which have covered ~460 Million clean kilometers saving 34 Million Kgs of CO2 emissions, stated the company.
BluSmart charging network has also grown multifold and spans across prime locations in Delhi NCR and Bengaluru. Earlier this year, BluSmart became the first mobility player in India to achieve 100 percent emissions-free status, through its efforts towards sourcing 100 percent green energy.
Commenting on the significant growth trajectory for the company, Anmol Singh Jaggi, co-founder, BluSmart, said, “BluSmart’s achievement of crossing INR 500 Crore ($60 Million) in Annual Run Rate marks a pivotal moment in our journey. As we surge ahead, our commitment to building a fully integrated energy-infrastructure, mobility and technology business remains unwavering. We are witnessing a rise in demand for sustainable mobility solutions, reinforcing the growth of a greener, more sustainable future. Fueled by this momentum, we are poised to deepen our impact by expanding our EV fleet and charging infrastructure, catering to our ever-growing customer base.”
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