BluSmart drives a green agenda, hopes to expand presence from core NCR base

BluSmart has also gone in for backward integration, creating EV charging stations or what it calls "super-hubs" that can charge almost 70-80 EVs at a time

Shivani Shinde Mumbai
Gurugram-based BluSmart

Gurugram-based BluSmart

If Ola and Uber changed the way we hailed taxis, Gurugram-based BluSmart wants to make ride-hailing a green option.
The company, which recently raised $25 million from a clutch of investors led by bp Ventures and which included Mayfield India Fund, 9Unicorns and Survam Partners, is India’s first integrated EV ride-hailing and charging company. The company declined to comment on bp’s stake. Sources said that the 10-year-old corporate venture arm of London-headquarted bp now holds a significant minority stake in BluSmart.
BluSmart is unlike some of the popular app-based ride-hailing businesses. Though it resembles US-based Revel and Alto in terms of having only EV fleets — about 700 now and adding 200 every month — the way it owns the vehicles and manages drivers on its platform is unique in India.  First, the business model is asset-light: All its EVs are on lease, from either high-net-worth individuals or companies

Also Read

BP invests about Rs 97 crore in BluSmart, its first fund in India

Pocket-friendly apps to tap the creative artist you never knew you were

Jio-bp partners with BluSmart to set up EV charging infra in India

Overseas green capital chasing renewable energy firms across India

Adani vs Reliance: Stage is set for India's Green Energy Revolution

ZEE MD says will continue to take steps to safeguard company, its future

Inox Wind loss narrowed to Rs 57.52 crore in July-September quarter

Smartphones worth Rs 68 cr sold every hour on e-comm platforms: Redseer

Actis to infuse $850 million into sustainable infra projects in India

Enforcement Directorate attaches assets in fraud case against STCL

First Published: Oct 15 2021 | 6:08 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to