BluSmart surpasses ₹500cr ARR, targets 10,000 EV fleet by year-end
What's the story
BluSmart, a fully electric ride-hailing service provider in India, has achieved an annual run rate (ARR) exceeding ₹500 crore.
This milestone represents a significant 102% growth compared to the previous year.
The company's gross business value (GBV) has also seen considerable expansion with a Compound Annual Growth Rate (CAGR) of 300% over the last three years.
Green leadership
BluSmart boasts South Asia's largest EV fleet
Currently, BluSmart boasts the largest EV fleet in South Asia, comprising over 7,300 vehicles.
These electric vehicles have collectively covered 460 million clean kilometers, contributing to a saving of 34 million kilograms of CO2 emissions.
The company operates in Delhi NCR and Bengaluru, and competes with other ride-hailing services like Uber, Ola, Rapido, and Namma Yatri.
Sustainability achievement
BluSmart's commitment to 100% emissions-free status
Earlier this year, BluSmart distinguished itself by becoming the first mobility player in India to achieve 100% emissions-free status.
This was made possible through the company's dedication to sourcing 100% green energy.
Looking ahead, BluSmart has set an ambitious target to expand its EV fleet to 10,000 by the end of 2024.