Gurugram, November
13, 2024: BluSmart,
South Asia's premier EV ride-hailing service and EV charging infrastructure
network, has reported a 77% year-over-year increase in Gross Merchandise Value
(GMV), reaching INR 275 Crore in H1FY25, up from INR 155 Crore in H1FY24. This
growth complements BluSmart’s fleet and charging network expansion, showcasing
the accelerating demand for sustainable mobility solutions in India.
BluSmart’s GMV has
grown multifold over 2 years, with GMV in October 2022 at over INR 4 crore, now
surging to over INR 55 crore in October 2024. This increase of over thirteen
times between October 2022 and October 2024 highlights BluSmart’s rapid
expansion in electric mobility.
Festive Season Surge and Service Expansion
The festive season,
spanning October to December, is bolstering BluSmart’s performance, with
projections indicating a 50% increase in total rides and a 60% rise in unique
riders during this period. This seasonal uptick aligns with BluSmart’s
consistent year-on-year growth, effectively doubling its rides and unique
riders annually.
Commenting on the
growth trajectory Punit Goyal, Co-Founder of BluSmart, said: “The
exponential growth in revenue and GMV reflects both the trust of our riders and
the mounting demand for sustainable mobility options. The festive surge in
rentals, airport transfers, and daily ridership underscores BluSmart’s role in
enhancing travel ease, especially during peak seasons. We remain committed to providing
a reliable, eco-friendly travel experience to all.”
With the largest EV
fleet in South Asia, comprising over 8,500 EVs, BluSmart has facilitated ~650
million clean kilometers and 20 million rides, reducing CO2 emissions by ~47,000
tons. BluSmart’s charging network now includes over 5,000 stations across 50
hubs in Delhi NCR and Bengaluru, covering over 2 million sq. ft. and supported
by 10,800 driver partners.
About BluSmart
BluSmart is South
Asia’s largest born-electric, full-stack, vertically integrated EV Ride Hailing
service and EV Charging Infrastructure network. Founded in 2019, BluSmart is committed to building a vertically
integrated energy-infrastructure, mobility and technology business to
“Decarbonise Mobility at Scale”. It
operates in Delhi NCR and Bangalore and made its first international foray with
the launch in UAE in June 2024 as a premium all-electric limousine
service. BluSmart has been granted a US patent for its pioneering
allocation system for electric mobility by the United States Patent and
Trademark Office (USPTO), underscoring our technological leadership and
commitment to innovation and sustainability.
Learn more about
BluSmart on www.blu-smart.com / LinkedIn @BluSmart, Twitter @BluSmartIndia and Instagram @blusmartindia / For latest updates check out https://blu-smart.com/en-IN/newsroom