BluSmart Achieves Rs 500 Crore Annual Run Rate Milestone in FY24

By siliconindia  |  Tuesday, 30 April 2024, 10:32:58 AM IST

BluSmart Achieves Rs 500 Crore Annual Run Rate Milestone in FY24
BluSmart, a homegrown electric vehicle (EV) company, announced that it has achieved significant milestones in FY24, crossing an annual run rate (ARR) of Rs 500 crore, marking a remarkable 102% growth compared to the previous fiscal year. The company revealed that its gross business value (GBV) experienced an impressive compound annual growth rate (CAGR) of 300% over the past three years.
Anmol Singh Jaggi, Co-Founder of BluSmart, emphasized the company's steadfast commitment to creating a fully integrated energy-infrastructure, mobility, and technology business. He highlighted the increasing demand for sustainable mobility solutions, underscoring the importance of paving the way for a greener, more sustainable future.
BluSmart proudly boasts the largest fleet in South Asia, comprising over 7,300 EVs, which have collectively covered 460 million 'clean kilometers', resulting in the mitigation of 34 million kilograms of CO2 emissions. The company's charging network has also experienced substantial growth, expanding across key locations in Delhi-NCR and Bengaluru.
Earlier in the year, BluSmart achieved a significant milestone by becoming the first mobility player in India to attain a 100% emissions-free status. Looking ahead, the fully integrated EV ride-hailing service provider aims to further expand its fleet to 10,000 EVs by the end of 2024, solidifying its position as a leader in the sustainable mobility sector.

ON THE DECK

siliconindia